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

Key Points

• Satellogic has a “Moderate Buy” consensus rating from eight analysts, with five buys, one strong buy, one hold and one sell. The average 12-month price target is $8.90, compared with the stock’s recent $5.80 price.
• The company reported quarterly revenue of $15.92 million, exceeding the $9.57 million consensus estimate, but its adjusted loss of $0.13 per share was wider than the expected $0.03 loss. Satellogic continues to post a negative net margin.
• Director Liberty 77 Capital sold 10 million shares for approximately $97.7 million, cutting its ownership by 50%; insiders still own 38.84% of the company. Institutional investors own 17.58%, with several firms recently establishing or expanding positions.

Satellogic Inc. (NASDAQ:SATL - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eight ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $8.90.

A number of analysts have weighed in on the company. Northland Securities set a $11.00 target price on Satellogic in a report on Thursday, May 28th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Satellogic in a report on Friday, August 7th. Zacks Research lowered Satellogic from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 10th. Freedom Capital upgraded Satellogic from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 29th. Finally, Cantor Fitzgerald cut their target price on Satellogic from $10.00 to $9.00 and set an "overweight" rating on the stock in a research note on Thursday, August 6th.

Insider Activity at Satellogic

In other Satellogic news, Director Liberty 77 Capital L.P. sold 10,000,000 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $9.77, for a total transaction of $97,700,000.00. Following the completion of the sale, the director directly owned 10,000,000 shares of the company's stock, valued at approximately $97,700,000. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 38.84% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Sei Investments Co. acquired a new stake in shares of Satellogic in the 1st quarter worth $1,607,000. Renaissance Technologies LLC acquired a new position in Satellogic during the 1st quarter valued at about $6,463,000. Tema ETFs LLC acquired a new position in Satellogic during the 2nd quarter valued at about $8,640,000. Caitong International Asset Management Co. Ltd raised its stake 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 buying an additional 277,326 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC purchased a new stake in Satellogic in the first quarter valued at about $584,000. Institutional investors own 17.58% of the company's stock.

Satellogic Trading Down 1.5%

NASDAQ SATL opened at $5.80 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 company has a market capitalization of $859.79 million, a price-to-earnings ratio of -7.07 and a beta of 1.31. The company's 50-day simple moving average is $5.01 and its two-hundred day simple moving average is $5.53. Satellogic has a one year low of $1.25 and a one year high of $12.00.

Satellogic (NASDAQ:SATL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.10). The business had revenue of $15.92 million during 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%. Equities analysts forecast that Satellogic will post -0.02 EPS for the current fiscal 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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