Satellogic Inc. (NASDAQ:SATL) Receives Average Recommendation of “Moderate Buy” from Analysts

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

Several research analysts recently issued reports on SATL shares. Northland Securities set a $11.00 price target on shares of Satellogic in a research report on Thursday. Loop Capital set a $4.50 price target on shares of Satellogic in a research report on Wednesday, March 11th. Zacks Research raised Satellogic to a “hold” rating in a report on Thursday, February 19th. Weiss Ratings raised Satellogic from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 13th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Satellogic in a report on Wednesday, May 13th.

Satellogic Price Performance

Shares of NASDAQ SATL opened at $9.51 on Monday. The firm’s 50-day simple moving average is $7.34 and its 200 day simple moving average is $4.36. The company has a market cap of $1.41 billion, a price-to-earnings ratio of -12.68 and a beta of 1.19. 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 12-month low of $1.25 and a 12-month high of $12.00.

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

Insiders Place Their Bets

In other Satellogic news, CTO Alan Kharsansky sold 87,091 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $8.35, for a total transaction of $727,209.85. Following the transaction, the chief technology officer owned 47,785 shares of the company’s stock, valued at approximately $399,004.75. This represents a 64.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Liberty 77 Capital L.P. sold 10,000,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $9.77, for a total transaction of $97,700,000.00. Following the transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 10,587,091 shares of company stock valued at $100,932,210. 38.84% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its position in Satellogic by 29.8% during the 1st quarter. Bank of America Corp DE now owns 72,832 shares of the company’s stock valued at $396,000 after purchasing an additional 16,707 shares during the period. MSA Advisors LLC acquired a new position in shares of Satellogic in the 1st quarter valued at $143,000. Royal Bank of Canada lifted its stake in shares of Satellogic by 4,052.9% in the 1st quarter. Royal Bank of Canada now owns 417,033 shares of the company’s stock valued at $2,269,000 after purchasing an additional 406,991 shares during the period. Themes Management Co LLC acquired a new position in shares of Satellogic in the 1st quarter valued at $121,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Satellogic in the 1st quarter valued at $6,463,000. 17.58% of the stock is currently owned by institutional investors and hedge funds.

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.