Brokerages Set Satellogic Inc. (NASDAQ:SATL) Price Target at $5.83

Shares of Satellogic Inc. (NASDAQ:SATL) have received a consensus rating of “Hold” from the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $5.8333.

Several analysts have issued reports on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Satellogic in a research note on Thursday, January 22nd. Cantor Fitzgerald set a $7.00 price target on Satellogic in a research note on Friday. Northland Securities started coverage on Satellogic in a report on Wednesday, February 18th. They set an “outperform” rating and a $5.50 price target for the company. Zacks Research raised shares of Satellogic to a “hold” rating in a research report on Thursday, February 19th. Finally, Craig Hallum assumed coverage on shares of Satellogic in a research report on Wednesday, January 21st. They issued a “buy” rating and a $5.00 price objective on the stock.

Insiders Place Their Bets

In other Satellogic news, major shareholder Fitzgerald L. P. Cantor sold 388,827 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $5.63, for a total transaction of $2,189,096.01. Following the completion of the sale, the insider directly owned 12,862,075 shares in the company, valued at $72,413,482.25. This trade represents a 2.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders have sold 524,373 shares of company stock valued at $2,942,676. 51.62% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Satellogic

Large investors have recently made changes to their positions in the company. Penserra Capital Management LLC acquired a new stake in Satellogic in the 2nd quarter worth about $380,000. Halter Ferguson Financial Inc. bought a new position in shares of Satellogic during the third quarter worth approximately $1,276,000. Thompson Davis & CO. Inc. bought a new position in shares of Satellogic during the fourth quarter worth approximately $41,000. SG Americas Securities LLC acquired a new stake in shares of Satellogic in the fourth quarter valued at approximately $46,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Satellogic in the third quarter valued at approximately $59,000. Institutional investors own 17.58% of the company’s stock.

Satellogic Stock Performance

Shares of NASDAQ:SATL opened at $3.21 on Friday. Satellogic has a 52-week low of $1.25 and a 52-week high of $5.93. The company has a market capitalization of $434.86 million, a P/E ratio of -13.38 and a beta of 1.38. The company has a 50-day simple moving average of $3.16 and a 200 day simple moving average of $2.90.

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.