Satellogic (NASDAQ:SATL) Coverage Initiated by Analysts at Craig Hallum

Craig Hallum started coverage on shares of Satellogic (NASDAQ:SATL) in a research report report published on Wednesday morning, Marketbeat.com reports. The firm issued a buy rating and a $5.00 target price on the stock.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Satellogic in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Satellogic currently has a consensus rating of “Hold” and a consensus target price of $5.00.

Satellogic Stock Down 1.4%

Satellogic stock opened at $3.59 on Wednesday. The stock has a market capitalization of $486.34 million, a PE ratio of -14.96 and a beta of 1.36. Satellogic has a twelve month low of $1.25 and a twelve month high of $5.12. The company has a 50 day moving average of $2.14 and a 200-day moving average of $2.84.

Satellogic (NASDAQ:SATL) last issued its quarterly earnings data on Monday, November 10th. The company reported ($0.02) EPS for the quarter. The company had revenue of $3.63 million for the quarter.

Institutional Investors Weigh In On Satellogic

Institutional investors have recently made changes to their positions in the stock. Thompson Davis & CO. Inc. bought a new position in Satellogic during the 4th quarter worth $41,000. SG Americas Securities LLC acquired a new stake in shares of Satellogic during the 4th quarter worth $46,000. Bank of America Corp DE increased its position in shares of Satellogic by 84.1% in the third quarter. Bank of America Corp DE now owns 44,997 shares of the company’s stock worth $148,000 after purchasing an additional 20,552 shares during the period. Creative Planning bought a new position in shares of Satellogic in the third quarter worth $161,000. Finally, Virtu Financial LLC acquired a new position in Satellogic in the third quarter valued at about $36,000. 17.58% of the stock is currently owned by institutional investors.

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.