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

Key Points

• Analysts rate Satellogic “Moderate Buy”: Five analysts recommend buying the stock, one gives a strong-buy rating, while one rates it hold and one sell. The average 12-month price target is $8.90, above the reported $5.35 share price.
• Institutional interest has increased, with several investors—including Renaissance Technologies, Tema ETFs and RBC—adding or initiating positions. Hedge funds and other institutions collectively own 17.58% of Satellogic.
• Satellogic reported quarterly revenue of $15.92 million, exceeding estimates of $9.57 million, but its adjusted loss of $0.13 per share was wider than the expected $0.03 loss. The company continues to operate with a deeply negative net margin.

Shares of Satellogic Inc. (NASDAQ:SATL - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eight analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $8.90.

A number of research firms have issued reports on SATL. Northland Securities set a $11.00 target price on shares of Satellogic in a report on Thursday, May 28th. Roth Capital reissued a "buy" rating on shares of Satellogic in a research report on Thursday, August 6th. Zacks Research downgraded shares of Satellogic from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 10th. Cantor Fitzgerald decreased their target price on shares of Satellogic from $10.00 to $9.00 and set an "overweight" rating on the stock in a research report on Thursday, August 6th. Finally, Wall Street Zen lowered Satellogic from a "hold" rating to a "sell" rating in a research note on Saturday, July 25th.

Hedge Funds Weigh In On Satellogic

Several large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its holdings in shares of Satellogic by 4,052.9% during the 1st quarter. Royal Bank of Canada now owns 417,033 shares of the company's stock valued at $2,269,000 after acquiring an additional 406,991 shares in the last quarter. Sei Investments Co. acquired a new stake in Satellogic in the 1st quarter valued at $1,607,000. Renaissance Technologies LLC acquired a new stake in Satellogic in the 1st quarter valued at $6,463,000. Tema ETFs LLC purchased a new position in Satellogic in the second quarter valued at about $8,640,000. Finally, Caitong International Asset Management Co. Ltd raised its position in Satellogic by 223,650.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 277,450 shares of the company's stock valued at $519,000 after purchasing an additional 277,326 shares during the period. 17.58% of the stock is currently owned by hedge funds and other institutional investors.

Satellogic Trading Up 15.3%

Shares of Satellogic stock opened at $5.35 on Wednesday. The firm has a market cap of $822.51 million, a price-to-earnings ratio of -6.52 and a beta of 1.36. The company's 50-day simple moving average is $4.73 and its 200-day simple moving average is $5.69. Satellogic has a 52-week low of $1.25 and a 52-week high of $12.00. The company has a quick ratio of 2.31, a current ratio of 2.34 and a debt-to-equity ratio of 2.65.

Satellogic (NASDAQ:SATL - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.10). The company had revenue of $15.92 million during the quarter, compared to analyst estimates of $9.57 million. Satellogic had a negative net margin of 325.65% and a positive return on equity of 303.84%. As a group, equities research analysts anticipate that Satellogic will post -0.02 earnings per share for the current 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.

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