Satellogic Inc. (NASDAQ:SATL) Receives Average Recommendation of “Buy” from Brokerages

Shares of Satellogic Inc. (NASDAQ:SATL) have been given a consensus recommendation of “Buy” by the eight ratings firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $9.10.

SATL has been the topic of a number of recent research reports. Wall Street Zen cut shares of Satellogic from a “hold” rating to a “sell” rating in a research report on Saturday. Cantor Fitzgerald restated an “overweight” rating on shares of Satellogic in a report on Monday, June 15th. Citigroup reaffirmed an “outperform” rating on shares of Satellogic in a research note on Wednesday, May 13th. Roth Capital increased their target price on shares of Satellogic from $10.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Finally, Weiss Ratings upgraded shares of Satellogic from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 13th.

Satellogic Price Performance

SATL opened at $3.54 on Tuesday. The stock has a 50-day moving average price of $6.29 and a 200-day moving average price of $5.43. Satellogic has a 12-month low of $1.25 and a 12-month high of $12.00. The company has a current ratio of 2.44, a quick ratio of 2.41 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $524.77 million, a P/E ratio of -4.72 and a beta of 1.26.

Satellogic (NASDAQ:SATL) last announced its quarterly earnings data on Tuesday, March 31st. The company reported ($0.84) EPS for the quarter. The firm had revenue of $6.11 million for the quarter. Satellogic had a negative net margin of 443.06% and a negative return on equity of 100.03%. Equities analysts predict that Satellogic will post -0.11 earnings per share for the current fiscal year.

Insider Transactions at Satellogic

In other news, Director Liberty 77 Capital L.P. sold 10,000,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $9.77, for a total transaction of $97,700,000.00. Following the transaction, the director directly owned 10,000,000 shares of the company’s stock, valued at approximately $97,700,000. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Alan Kharsansky sold 87,091 shares of Satellogic stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $8.35, for a total value of $727,209.85. Following the completion of the transaction, the chief technology officer owned 47,785 shares in the company, valued at approximately $399,004.75. This represents a 64.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 38.84% of the stock is currently owned by company insiders.

Institutional Trading of Satellogic

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Abel Hall LLC bought a new position in shares of Satellogic in the fourth quarter worth approximately $25,000. StoneX Group Inc. bought a new stake in Satellogic during the 4th quarter valued at $25,000. Neuberger Berman Group LLC purchased a new stake in Satellogic during the 4th quarter valued at $25,000. Legal & General Group Plc bought a new stake in Satellogic in the 2nd quarter worth $27,000. Finally, ProShare Advisors LLC grew its holdings in Satellogic by 30.2% in the 4th quarter. ProShare Advisors LLC now owns 15,349 shares of the company’s stock worth $29,000 after acquiring an additional 3,561 shares during the last quarter. Institutional investors own 17.58% of the company’s stock.

Satellogic Company Profile

Satellogic Inc is a NewSpace company specializing in the design, manufacture and operation of a low‐Earth‐orbit (LEO) microsatellite constellation. The company’s satellites capture high‐resolution multispectral imagery, enabling detailed monitoring of agricultural, forestry, maritime, energy and infrastructure assets. Satellogic’s vertically integrated model covers end‐to‐end capabilities, from satellite development and deployment to data processing and analytics, allowing clients to access imagery and insights on demand.

Key offerings include geospatial data products, analytics services and software tools that leverage machine learning algorithms to interpret changes on Earth’s surface.