Analysts Set Satellogic Inc. (NASDAQ:SATL) PT at $9.10

Shares of Satellogic Inc. (NASDAQ:SATL) have been assigned an average rating of “Buy” from the eight brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $9.10.

SATL has been the topic of several research reports. Zacks Research raised Satellogic from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 10th. Freedom Capital upgraded Satellogic from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Satellogic in a report on Monday, June 15th. Citigroup restated an “outperform” rating on shares of Satellogic in a research report on Wednesday, May 13th. Finally, Weiss Ratings upgraded shares of Satellogic from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 13th.

Insider Transactions at Satellogic

In other Satellogic news, Director Liberty 77 Capital L.P. sold 10,000,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $9.77, for a total transaction of $97,700,000.00. Following the sale, the director owned 10,000,000 shares in the company, valued at approximately $97,700,000. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Alan Kharsansky sold 87,091 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $8.35, for a total transaction of $727,209.85. Following the sale, the chief technology officer owned 47,785 shares in the company, valued at $399,004.75. This represents a 64.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 38.84% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its position in Satellogic by 1,671.4% in the 2nd quarter. Geode Capital Management LLC now owns 874,487 shares of the company’s stock worth $3,166,000 after purchasing an additional 825,121 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in Satellogic during the 2nd quarter worth $118,000. Legal & General Group Plc acquired a new position in shares of Satellogic during the 2nd quarter worth about $27,000. Rhumbline Advisers bought a new stake in shares of Satellogic in the second quarter valued at approximately $351,000. Finally, New York State Common Retirement Fund bought a new stake in Satellogic in the 2nd quarter valued at $97,000. Institutional investors and hedge funds own 17.58% of the company’s stock.

Satellogic Price Performance

SATL stock opened at $3.81 on Tuesday. The company has a market capitalization of $564.79 million, a PE ratio of -5.08 and a beta of 1.26. The stock’s 50 day moving average is $6.54 and its two-hundred day moving average is $5.41. The company has a quick ratio of 2.41, a current ratio of 2.44 and a debt-to-equity ratio of 0.93. Satellogic has a 52-week low of $1.25 and a 52-week high of $12.00.

Satellogic (NASDAQ:SATL) last posted its quarterly earnings data on Tuesday, March 31st. The company reported ($0.84) EPS for the quarter. Satellogic had a negative net margin of 443.06% and a negative return on equity of 100.03%. The company had revenue of $6.11 million for the quarter. Analysts predict that Satellogic will post -0.11 earnings per share for the current fiscal year.

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.