Brokerages Set Satellogic Inc. (NASDAQ:SATL) PT at $5.50

Shares of Satellogic Inc. (NASDAQ:SATL) have been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $7.70.

A number of research analysts recently issued reports on SATL shares. Craig Hallum began coverage on Satellogic in a report on Wednesday, January 21st. They set a “buy” rating and a $5.00 target price on the stock. Roth Mkm began coverage on Satellogic in a research report on Friday, May 8th. They issued a “buy” rating and a $10.00 price target for the company. Citigroup reiterated an “outperform” rating on shares of Satellogic in a research report on Wednesday. Loop Capital set a $4.50 price target on Satellogic in a research report on Wednesday, March 11th. Finally, Northland Securities set a $9.00 price target on Satellogic in a research report on Wednesday.

Insider Buying and Selling at Satellogic

In related news, insider Fitzgerald L. P. Cantor sold 500,000 shares of the stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $5.01, for a total value of $2,505,000.00. Following the completion of the transaction, the insider owned 12,356,500 shares in the company, valued at $61,906,065. This trade represents a 3.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 51.62% of the stock is owned by company insiders.

Hedge Funds Weigh In On Satellogic

Hedge funds and other institutional investors have recently modified their holdings of the stock. Legal & General Group Plc acquired a new position in shares of Satellogic in the 2nd quarter valued at $27,000. Farther Finance Advisors LLC acquired a new position in shares of Satellogic in the 3rd quarter valued at $26,000. LMR Partners LLP acquired a new position in shares of Satellogic in the 2nd quarter valued at $30,000. Squarepoint Ops LLC acquired a new position in shares of Satellogic in the 3rd quarter valued at $33,000. Finally, Krilogy Financial LLC acquired a new stake in Satellogic during the 1st quarter worth about $60,000. Institutional investors and hedge funds own 17.58% of the company’s stock.

Satellogic Price Performance

NASDAQ:SATL opened at $8.10 on Thursday. The business’s 50-day moving average price is $5.72 and its 200 day moving average price is $3.68. The firm has a market cap of $1.16 billion, a P/E ratio of -10.80 and a beta of 1.06. Satellogic has a 52-week low of $1.25 and a 52-week high of $8.90. The company has a quick ratio of 5.02, a current ratio of 5.12 and a debt-to-equity ratio of 0.93.

Satellogic (NASDAQ:SATL) last released its earnings results on Tuesday, March 31st. The company reported ($0.84) earnings per share (EPS) for the quarter. The firm had revenue of $6.11 million for the quarter. Satellogic had a negative return on equity of 104.73% and a negative net margin of 443.06%. As a group, sell-side analysts predict that Satellogic will post -0.16 earnings per share for the current fiscal year.

About Satellogic

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.