Satellogic Inc. (NASDAQ:SATL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Satellogic Inc. (NASDAQ:SATL) have been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $5.50.

A number of analysts have recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Satellogic in a research note on Thursday, January 22nd. Cantor Fitzgerald set a $7.00 price objective on shares of Satellogic in a report on Friday, February 20th. Craig Hallum began coverage on shares of Satellogic in a research report on Wednesday, January 21st. They set a “buy” rating and a $5.00 target price on the stock. Northland Securities began coverage on shares of Satellogic in a report on Wednesday, February 18th. They set an “outperform” rating and a $5.50 target price on the stock. Finally, Freedom Capital upgraded shares of Satellogic to a “strong-buy” rating in a research report on Wednesday, March 11th.

Satellogic Stock Up 3.4%

Shares of SATL stock opened at $3.02 on Wednesday. The firm has a market capitalization of $409.12 million, a P/E ratio of -12.58 and a beta of 1.45. Satellogic has a twelve month low of $1.25 and a twelve month high of $5.93. The stock’s fifty day simple moving average is $3.52 and its 200 day simple moving average is $2.85.

Insider Buying and Selling at Satellogic

In related news, major shareholder Fitzgerald L. P. Cantor sold 5,575 shares of the stock in a transaction on Friday, January 30th. The stock was sold at an average price of $5.55, for a total value of $30,941.25. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 524,373 shares of company stock valued at $2,942,676 over the last quarter. Insiders own 51.62% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SATL. Ameritas Investment Partners Inc. bought a new stake in shares of Satellogic in the 2nd quarter valued at about $25,000. Abel Hall LLC bought a new position in shares of Satellogic during the fourth quarter worth about $25,000. StoneX Group Inc. acquired a new position in shares of Satellogic in the fourth quarter worth approximately $25,000. Neuberger Berman Group LLC acquired a new position in shares of Satellogic in the fourth quarter worth approximately $25,000. Finally, Farther Finance Advisors LLC bought a new stake in Satellogic in the third quarter valued at approximately $26,000. 17.58% of the stock is owned by institutional investors and hedge funds.

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.