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

Key Points

• Analysts give Satellogic an average rating of "Moderate Buy" across six firms (1 sell, 1 hold, 3 buy, 1 strong buy) with a consensus 12‑month price target of $5.50.
• Insider Fitzgerald L. P. Cantor sold 500,000 shares at an average of $5.01 on March 23, and insiders have sold 1,024,373 shares over the past three months, though corporate insiders still own 51.62% of the company.
• Recent quarterly results beat expectations—EPS of $0.17 vs. a ($0.06) estimate and revenue of $6.25M vs. $3.83M—but the company remains unprofitable with a -27.01% net margin and -34.92% ROE.

Shares of Satellogic Inc. (NASDAQ:SATL - Get Free Report) have received an average rating of "Moderate Buy" from the six research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $5.50.

Several equities research analysts have recently commented on the company. Northland Securities assumed coverage on Satellogic in a report on Wednesday, February 18th. They issued an "outperform" rating and a $5.50 price objective for the company. Craig Hallum assumed coverage on Satellogic in a report on Wednesday, January 21st. They issued a "buy" rating and a $5.00 price objective for the company. Wall Street Zen raised Satellogic from a "sell" rating to a "hold" rating in a report on Saturday, March 21st. Loop Capital set a $4.50 price objective on Satellogic in a report on Wednesday, March 11th. Finally, Zacks Research raised Satellogic to a "hold" rating in a report on Thursday, February 19th.

Insider Activity at Satellogic

In other news, insider Fitzgerald L. P. Cantor sold 500,000 shares of the stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $5.01, for a total value of $2,505,000.00. Following the completion of the sale, the insider owned 12,356,500 shares of the company's stock, valued at approximately $61,906,065. This represents a 3.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders sold 1,024,373 shares of company stock valued at $5,447,676. Corporate insiders own 51.62% of the company's stock.

Institutional Investors Weigh In On Satellogic

Several large investors have recently made changes to their positions in the stock. ProShare Advisors LLC boosted its holdings in shares of Satellogic by 30.2% in the 4th quarter. ProShare Advisors LLC now owns 15,349 shares of the company's stock valued at $29,000 after buying an additional 3,561 shares during the last quarter. Invesco Ltd. lifted its holdings in Satellogic by 14.0% during the 4th 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 last quarter. BNP Paribas Financial Markets boosted its position in Satellogic by 107.5% during the third quarter. BNP Paribas Financial Markets now owns 13,613 shares of the company's stock worth $45,000 after purchasing an additional 7,052 shares during the period. Legal & General Group Plc bought a new position in Satellogic during the second quarter worth $27,000. Finally, Farther Finance Advisors LLC bought a new position in Satellogic during the third quarter worth $26,000. Institutional investors and hedge funds own 17.58% of the company's stock.

Satellogic Price Performance

Shares of SATL opened at $7.33 on Friday. The stock has a market capitalization of $1.05 billion, a P/E ratio of -29.32 and a beta of 0.99. Satellogic has a twelve month low of $1.25 and a twelve month high of $8.02. The company has a 50 day moving average of $4.15 and a 200-day moving average of $3.13. The company has a quick ratio of 5.02, a current ratio of 5.12 and a debt-to-equity ratio of 0.93.

Satellogic (NASDAQ:SATL - Get Free Report) last issued its quarterly earnings results on Thursday, March 19th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.23. The company had revenue of $6.25 million during the quarter, compared to analysts' expectations of $3.83 million. Satellogic had a negative net margin of 27.01% and a negative return on equity of 34.92%.

Satellogic Company Profile

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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