Satellogic Inc. (NASDAQ:SATL) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Analysts rate Satellogic “Moderate Buy” overall: Of eight analysts, five recommend buying, one strongly recommends buying, while one rates the stock a hold and one a sell. The average 12-month price target is $8.90.
• Recent earnings were mixed: Satellogic reported quarterly revenue of $15.92 million, exceeding the $9.57 million consensus estimate, but its loss of $0.13 per share was wider than the expected $0.03 loss.
• Institutional interest has increased: Several investment firms initiated or expanded positions, and institutional investors now own 17.58% of Satellogic’s shares.

Shares of Satellogic Inc. (NASDAQ:SATL - Get Free Report) have received an average recommendation of "Moderate Buy" from the eight analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $8.90.

A number of brokerages recently issued reports on SATL. Weiss Ratings reissued a "sell (d-)" rating on shares of Satellogic in a research note on Friday, August 7th. Wall Street Zen lowered Satellogic from a "hold" rating to a "sell" rating in a research note on Saturday, July 25th. Freedom Capital upgraded Satellogic from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 29th. Roth Capital reissued a "buy" rating on shares of Satellogic in a research note on Thursday, August 6th. Finally, Zacks Research cut shares of Satellogic from a "strong-buy" rating to a "hold" rating in a report on Monday, August 10th.

Satellogic Stock Performance

SATL opened at $5.73 on Friday. The company has a debt-to-equity ratio of 2.65, a quick ratio of 2.31 and a current ratio of 2.34. The stock has a market capitalization of $880.93 million, a price-to-earnings ratio of -6.99 and a beta of 1.37. The company has a fifty day moving average of $5.10 and a 200 day moving average of $5.96. Satellogic has a fifty-two week low of $1.25 and a fifty-two week high of $12.00.

Satellogic (NASDAQ:SATL - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. 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 the consensus estimate of $9.57 million. As a group, sell-side analysts forecast that Satellogic will post -0.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Tidal Investments LLC bought a new position in shares of Satellogic during the 2nd quarter worth $11,613,000. Tema ETFs LLC purchased a new stake in Satellogic in the second quarter worth about $8,640,000. Renaissance Technologies LLC bought a new position in Satellogic during the 1st quarter worth about $6,463,000. Royal Bank of Canada lifted its position 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 worth $2,269,000 after purchasing an additional 406,991 shares during the period. Finally, Sei Investments Co. purchased a new stake in shares of Satellogic in the 1st quarter worth approximately $1,607,000. 17.58% of the stock is currently owned by hedge funds and other institutional investors.

About Satellogic

Satellogic Inc NASDAQ: SATL is a geospatial intelligence company that operates a constellation of satellites designed to capture high-resolution imagery of Earth. Its satellites collect multispectral data that can be used to monitor changes in agriculture, infrastructure, natural resources, climate conditions and other areas of interest.

The company provides satellite imagery, tasking services and geospatial data products to government and commercial customers. Its platform is intended to support applications including defense and security, environmental monitoring, mapping, agriculture, energy and infrastructure management.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.