Brokerages Set Satellogic Inc. (NASDAQ:SATL) Price Target at $8.90

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

SATL has been the topic of a number of research reports. Freedom Capital upgraded shares of Satellogic from a “hold” rating to a “strong-buy” rating in a report on Monday, June 29th. Northland Securities set a $11.00 price objective on Satellogic in a research note on Thursday, May 28th. Roth Capital restated a “buy” rating on shares of Satellogic in a report on Thursday, August 6th. Cantor Fitzgerald reduced their price target on Satellogic from $10.00 to $9.00 and set an “overweight” rating on the stock in a research report on Thursday, August 6th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Satellogic in a research note on Friday, August 7th.

Institutional Investors Weigh In On Satellogic

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Allworth Financial LP grew its position in shares of Satellogic by 69.4% during the second quarter. Allworth Financial LP now owns 6,214 shares of the company’s stock worth $36,000 after acquiring an additional 2,545 shares during the last quarter. ProShare Advisors LLC grew its position in Satellogic by 30.2% during the 4th quarter. ProShare Advisors LLC now owns 15,349 shares of the company’s stock worth $29,000 after purchasing an additional 3,561 shares during the last quarter. Invesco Ltd. increased its stake in Satellogic by 14.0% in the fourth quarter. Invesco Ltd. now owns 46,639 shares of the company’s stock valued at $87,000 after purchasing an additional 5,723 shares during the period. BNP Paribas Financial Markets increased its stake in Satellogic by 107.5% in the third quarter. BNP Paribas Financial Markets now owns 13,613 shares of the company’s stock valued at $45,000 after purchasing an additional 7,052 shares during the period. Finally, Legal & General Group Plc purchased a new stake in shares of Satellogic in the second quarter valued at about $27,000. Institutional investors and hedge funds own 17.58% of the company’s stock.

Satellogic Stock Performance

Shares of SATL stock opened at $4.79 on Wednesday. Satellogic has a 1-year low of $1.25 and a 1-year high of $12.00. The company has a debt-to-equity ratio of 2.65, a current ratio of 2.34 and a quick ratio of 2.31. The company has a 50-day moving average of $4.69 and a two-hundred day moving average of $5.73. The firm has a market cap of $736.41 million, a PE ratio of -5.84 and a beta of 1.36.

Satellogic (NASDAQ:SATL) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.10). The firm had revenue of $15.92 million for the quarter, compared to analysts’ expectations of $9.57 million. Satellogic had a positive return on equity of 303.84% and a negative net margin of 325.65%. On average, analysts predict that Satellogic will post -0.02 EPS for the current year.

About Satellogic

Satellogic Inc (NASDAQ:SATL) is a geospatial intelligence company that designs, builds and operates a constellation of Earth-observation satellites. The company collects high-resolution multispectral imagery and other remote-sensing data intended to help customers monitor changes on the ground and make more informed decisions.

Satellogic provides satellite imagery, tasking and data-access services through its platform, which is designed to support frequent observation of locations worldwide.