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

Shares of Satellogic Inc. (NASDAQ:SATL) have earned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $8.90.

Several equities analysts recently issued reports on the company. Roth Capital reissued a “buy” rating on shares of Satellogic in a research report on Thursday, August 6th. Citigroup reaffirmed an “outperform” rating on shares of Satellogic in a research report on Wednesday, May 13th. Wall Street Zen downgraded Satellogic from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of Satellogic in a report on Friday, August 7th. Finally, Freedom Capital raised Satellogic from a “hold” rating to a “strong-buy” rating in a report on Monday, June 29th.

Satellogic Stock Down 1.5%

NASDAQ:SATL opened at $5.80 on Friday. The company has a market cap of $859.79 million, a PE ratio of -7.07 and a beta of 1.31. Satellogic has a twelve month low of $1.25 and a twelve month high of $12.00. The company has a current ratio of 2.34, a quick ratio of 2.31 and a debt-to-equity ratio of 2.65. The company’s 50 day moving average is $5.01 and its two-hundred day moving average is $5.53.

Satellogic (NASDAQ:SATL) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.10). Satellogic had a positive return on equity of 303.84% and a negative net margin of 325.65%.The company had revenue of $15.92 million during the quarter, compared to analysts’ expectations of $9.57 million. Analysts anticipate that Satellogic will post -0.02 EPS for the current year.

Insider Transactions at Satellogic

In other Satellogic news, Director Liberty 77 Capital L.P. sold 10,000,000 shares of Satellogic stock in a transaction that occurred on 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 completion of the sale, the director directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 38.84% of the company’s stock.

Institutional Trading of Satellogic

Hedge funds and other institutional investors have recently made changes to their positions in the business. Legal & General Group Plc purchased a new position in shares of Satellogic during the 2nd quarter valued at about $27,000. LMR Partners LLP acquired a new position in Satellogic in the second quarter valued at approximately $30,000. Squarepoint Ops LLC purchased a new stake in Satellogic in the 3rd quarter worth approximately $33,000. Krilogy Financial LLC purchased a new stake in Satellogic in the 1st quarter worth approximately $60,000. Finally, Virtu Financial LLC purchased a new stake in Satellogic in the 3rd quarter worth approximately $36,000. Institutional investors and hedge funds own 17.58% of the company’s stock.

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.