Satellogic (NASDAQ:SATL) Stock Price Up 13.7% – Should You Buy?

Satellogic Inc. (NASDAQ:SATL) shares shot up 13.7% during trading on Tuesday . The stock traded as high as $5.79 and last traded at $5.6530. 14,975,818 shares traded hands during mid-day trading, an increase of 42% from the average session volume of 10,529,020 shares. The stock had previously closed at $4.97.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Cantor Fitzgerald set a $7.00 target price on Satellogic in a research note on Friday, February 20th. Wall Street Zen raised Satellogic from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Northland Securities initiated coverage on shares of Satellogic in a report on Wednesday, February 18th. They set an “outperform” rating and a $5.50 target price on the stock. Loop Capital set a $4.50 target price on shares of Satellogic in a report on Wednesday, March 11th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Satellogic in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $5.50.

Satellogic Stock Up 13.6%

The company has a market capitalization of $807.57 million, a P/E ratio of -22.62 and a beta of 1.46. The company has a debt-to-equity ratio of 0.93, a current ratio of 5.12 and a quick ratio of 5.02. The company has a 50 day moving average of $3.79 and a 200-day moving average of $2.93.

Satellogic (NASDAQ:SATL) last released its quarterly earnings data on Thursday, March 19th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.23. The business had revenue of $6.25 million during the quarter, compared to analysts’ expectations of $3.83 million. Satellogic had a negative return on equity of 34.92% and a negative net margin of 27.01%.

Insiders Place Their Bets

In other news, insider Fitzgerald L. P. Cantor sold 500,000 shares of the firm’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $5.01, for a total value of $2,505,000.00. Following the completion of the sale, the insider directly owned 12,356,500 shares of the company’s stock, valued at approximately $61,906,065. This trade represents a 3.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold a total of 1,024,373 shares of company stock valued at $5,447,676 in the last quarter. Insiders own 51.62% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. bought a new position in Satellogic in the second quarter worth $25,000. Legal & General Group Plc purchased a new position in Satellogic during the 2nd quarter valued at about $27,000. Farther Finance Advisors LLC bought a new stake in Satellogic during the third quarter worth about $26,000. LMR Partners LLP bought a new stake in Satellogic during the second quarter worth about $30,000. Finally, Squarepoint Ops LLC purchased a new stake in Satellogic in the third quarter worth about $33,000. Hedge funds and other 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.