Counterpoint Mutual Funds LLC Purchases 135,401 Shares of Satellogic Inc. $SATL

Counterpoint Mutual Funds LLC purchased a new position in shares of Satellogic Inc. (NASDAQ:SATL) in the third quarter, Holdings Channel.com reports. The fund purchased 135,401 shares of the company’s stock, valued at approximately $749,000.

Several other institutional investors and hedge funds have also modified their holdings of SATL. Veracity Capital LLC boosted its stake in Satellogic by 4.7% in the third quarter. Veracity Capital LLC now owns 62,348 shares of the company’s stock valued at $345,000 after buying an additional 2,772 shares in the last quarter. Tidal Investments LLC bought a new position in Satellogic in the second quarter valued at about $11,613,000. Integrated Wealth Concepts LLC acquired a new position in Satellogic during the second quarter worth about $46,000. Allworth Financial LP raised its stake in Satellogic by 69.4% during the second quarter. Allworth Financial LP now owns 6,214 shares of the company’s stock worth $36,000 after acquiring an additional 2,545 shares in the last quarter. Finally, Arizona State Retirement System acquired a new position in Satellogic during the second quarter worth about $131,000. 17.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SATL has been the subject of a number of research reports. Roth Capital reissued a “buy” rating on shares of Satellogic in a report on Thursday, August 6th. Zacks Research lowered shares of Satellogic from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Satellogic in a report on Monday, September 21st. Wall Street Zen cut shares of Satellogic from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Satellogic in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $8.90.

Satellogic Trading Down 6.6%

NASDAQ SATL opened at $3.84 on Friday. The company has a market cap of $590.36 million, a price-to-earnings ratio of -4.68 and a beta of 1.37. Satellogic Inc. has a twelve month low of $1.25 and a twelve month high of $12.00. The company has a quick ratio of 2.31, a current ratio of 2.34 and a debt-to-equity ratio of 2.65. The business’s fifty day moving average is $5.22 and its 200 day moving average is $5.98.

Satellogic (NASDAQ:SATL) last issued its earnings results on Thursday, August 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.10). Satellogic had a positive return on equity of 303.84% and a negative net margin of 325.65%. The firm had revenue of $15.92 million during the quarter, compared to analyst estimates of $9.57 million. As a group, sell-side analysts expect that Satellogic Inc. will post -0.02 EPS for the current fiscal year.

Satellogic Profile

Satellogic Inc (NASDAQ: SATL) is a geospatial intelligence company that operates a constellation of satellites designed to capture high-resolution imagery of Earth. Its satellites collect multispectral data that can be used to monitor changes in agriculture, infrastructure, natural resources, climate conditions and other areas of interest.

The company provides satellite imagery, tasking services and geospatial data products to government and commercial customers. Its platform is intended to support applications including defense and security, environmental monitoring, mapping, agriculture, energy and infrastructure management.