Satellogic Inc. (NASDAQ:SATL) Receives $5.50 Average PT from Analysts

Satellogic Inc. (NASDAQ:SATL) has been given an average rating of “Moderate Buy” by the six brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $5.50.

A number of equities research analysts have recently weighed in on SATL shares. Craig Hallum initiated coverage on shares of Satellogic in a research report on Wednesday, January 21st. They issued a “buy” rating and a $5.00 price target for the company. Loop Capital set a $4.50 price objective on Satellogic in a report on Wednesday, March 11th. Freedom Capital upgraded Satellogic to a “strong-buy” rating in a research report on Wednesday, March 11th. Wall Street Zen lowered Satellogic from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Finally, Cantor Fitzgerald set a $7.00 price target on Satellogic in a research report on Friday, February 20th.

Insider Transactions at Satellogic

In other Satellogic news, major shareholder Fitzgerald L. P. Cantor sold 5,575 shares of the stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $5.55, for a total transaction of $30,941.25. Following the sale, the insider directly owned 12,856,500 shares in the company, valued at $71,353,575. This represents a 0.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 524,373 shares of company stock worth $2,942,676 in the last 90 days. Corporate insiders own 51.62% of the company’s stock.

Hedge Funds Weigh In On Satellogic

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. bought a new stake in shares of Satellogic during the 2nd quarter worth approximately $25,000. Legal & General Group Plc acquired a new position in Satellogic during the second quarter valued at approximately $27,000. Farther Finance Advisors LLC acquired a new position in Satellogic during the third quarter valued at approximately $26,000. LMR Partners LLP bought a new stake in Satellogic during the second quarter worth $30,000. Finally, Squarepoint Ops LLC bought a new stake in Satellogic during the third quarter worth $33,000. 17.58% of the stock is currently owned by institutional investors and hedge funds.

Satellogic Stock Performance

Shares of SATL opened at $3.59 on Wednesday. The firm has a market cap of $486.34 million, a P/E ratio of -14.36 and a beta of 1.45. Satellogic has a 52 week low of $1.25 and a 52 week high of $5.93. The firm’s 50-day simple moving average is $3.55 and its 200 day simple moving average is $2.86.

Satellogic (NASDAQ:SATL) last announced its earnings results on Thursday, March 19th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.23. Satellogic had a negative return on equity of 18.57% and a negative net margin of 27.01%.The company had revenue of $6.25 million for the quarter, compared to analyst estimates of $3.83 million.

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.