Satellogic Inc. (NASDAQ:SATL) Stock Has Consensus Price Target of $8.90

Satellogic Inc. (NASDAQ:SATL) has been assigned a consensus rating of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $8.90.

SATL has been the topic of several research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Satellogic in a research note on Friday, August 7th. Freedom Capital upgraded shares of Satellogic from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. Roth Capital reissued a “buy” rating on shares of Satellogic in a report on Thursday, August 6th. Cantor Fitzgerald reissued an “overweight” rating on shares of Satellogic in a report on Monday, September 21st. Finally, Zacks Research downgraded shares of Satellogic from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th.

Satellogic Stock Up 3.6%

Satellogic stock opened at $5.51 on Friday. Satellogic has a 12 month low of $1.25 and a 12 month high of $12.00. The stock has a fifty day simple moving average of $5.17 and a two-hundred day simple moving average of $6.01. The company has a current ratio of 2.34, a quick ratio of 2.31 and a debt-to-equity ratio of 2.65. The firm has a market cap of $847.11 million, a price-to-earnings ratio of -6.72 and a beta of 1.37.

Satellogic (NASDAQ:SATL) last announced its quarterly 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 negative net margin of 325.65% and a positive return on equity of 303.84%. The business had revenue of $15.92 million for the quarter, compared to the consensus estimate of $9.57 million. Equities analysts predict that Satellogic will post -0.02 EPS for the current fiscal year.

Institutional Investors Weigh In On Satellogic

A number of hedge funds have recently added to or reduced their stakes in the stock. Tidal Investments LLC purchased a new position in shares of Satellogic in the 2nd quarter worth $11,613,000. Integrated Wealth Concepts LLC purchased a new stake in Satellogic during the second quarter valued at $46,000. Allworth Financial LP lifted its holdings in Satellogic by 69.4% in the second quarter. Allworth Financial LP now owns 6,214 shares of the company’s stock valued at $36,000 after acquiring an additional 2,545 shares during the period. Arizona State Retirement System bought a new position in Satellogic in the second quarter valued at about $131,000. Finally, Corient Private Wealth LP bought a new position in Satellogic in the second quarter valued at about $124,000. 17.58% of the stock is currently owned by hedge funds and other institutional investors.

About Satellogic

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.