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

Satellogic Inc. (NASDAQ:SATL - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the six brokerages that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $5.50.

Several equities analysts have recently weighed in on SATL shares. Loop Capital set a $4.50 price target on shares of Satellogic in a research note on Wednesday, March 11th. Craig Hallum started coverage on shares of Satellogic in a research note on Wednesday, January 21st. They issued a "buy" rating and a $5.00 price target on the stock. Cantor Fitzgerald set a $7.00 price target on shares of Satellogic in a research note on Friday, February 20th. Weiss Ratings restated a "sell (d-)" rating on shares of Satellogic in a research report on Thursday, January 22nd. Finally, Northland Securities began coverage on shares of Satellogic in a research report on Wednesday, February 18th. They set an "outperform" rating and a $5.50 price objective for the company.

Satellogic Stock Performance

SATL opened at $7.14 on Thursday. The company has a quick ratio of 5.02, a current ratio of 5.12 and a debt-to-equity ratio of 0.93. The company has a market cap of $1.02 billion, a price-to-earnings ratio of -28.56 and a beta of 1.06. Satellogic has a 52-week low of $1.25 and a 52-week high of $8.35. The firm's fifty day simple moving average is $5.26 and its two-hundred day simple moving average is $3.49.

Satellogic (NASDAQ:SATL - Get Free Report) last posted its quarterly earnings data on Thursday, March 19th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.23. The business had revenue of $6.25 million for the quarter, compared to the consensus estimate of $3.83 million. Satellogic had a negative net margin of 27.01% and a negative return on equity of 34.92%. Equities analysts anticipate that Satellogic will post -0.17 earnings per share for the current fiscal year.

Insider Buying and Selling at Satellogic

In other Satellogic news, insider Fitzgerald L. P. Cantor sold 500,000 shares of Satellogic stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $5.01, for a total transaction of $2,505,000.00. Following the completion of the sale, the insider directly owned 12,356,500 shares in the company, valued at $61,906,065. This trade represents a 3.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 51.62% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SATL. Alyeska Investment Group L.P. acquired a new position in shares of Satellogic in the fourth quarter valued at approximately $16,830,000. Weiss Asset Management LP purchased a new stake in shares of Satellogic during the 4th quarter worth approximately $4,053,000. Cantor Fitzgerald L. P. lifted its position in shares of Satellogic by 16.2% during the 4th quarter. Cantor Fitzgerald L. P. now owns 13,380,873 shares of the company's stock worth $25,022,000 after buying an additional 1,863,696 shares during the last quarter. Millennium Management LLC acquired a new stake in Satellogic during the 4th quarter worth $2,172,000. Finally, Vanguard Group Inc. boosted its stake in Satellogic by 44.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,262,216 shares of the company's stock worth $10,700,000 after purchasing an additional 1,002,400 shares during the period. 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.

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