Satellogic (NASDAQ:SATL) Price Target Lowered to $9.00 at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald lowered Satellogic’s price target to $9.00 from $10.00 while maintaining an “overweight” rating, implying 86.72% upside from the prior close.
• Analyst sentiment remains broadly positive, with the stock carrying an average “Buy” rating and a consensus price target of $8.90, despite ratings ranging from “Strong Buy” to “Sell.”
• Satellogic exceeded revenue expectations with quarterly revenue of $15.92 million versus $9.57 million estimated, but missed on earnings, reporting a $0.13-per-share loss compared with a projected $0.03 loss.

Satellogic (NASDAQ:SATL - Get Free Report) had its target price lowered by research analysts at Cantor Fitzgerald from $10.00 to $9.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Cantor Fitzgerald's price target indicates a potential upside of 86.72% from the stock's previous close.

Other analysts also recently issued reports about the stock. Northland Securities set a $11.00 price target on shares of Satellogic in a report on Thursday, May 28th. Wall Street Zen downgraded Satellogic from a "hold" rating to a "sell" rating in a research report on Saturday, July 25th. Weiss Ratings raised Satellogic from a "sell (e+)" rating to a "sell (d-)" rating in a report on Wednesday, May 13th. Citigroup restated an "outperform" rating on shares of Satellogic in a research note on Wednesday, May 13th. Finally, Zacks Research upgraded shares of Satellogic from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $8.90.

Satellogic Price Performance

NASDAQ SATL opened at $4.82 on Thursday. The company has a market cap of $714.52 million, a P/E ratio of -6.43 and a beta of 1.31. Satellogic has a 1 year low of $1.25 and a 1 year high of $12.00. The company has a current ratio of 2.44, a quick ratio of 2.41 and a debt-to-equity ratio of 0.93. The company has a fifty day simple moving average of $5.42 and a 200 day simple moving average of $5.46.

Satellogic (NASDAQ:SATL - Get Free Report) last posted its quarterly earnings data 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). Satellogic had a negative return on equity of 100.03% and a negative net margin of 443.06%.The business had revenue of $15.92 million for the quarter, compared to analyst estimates of $9.57 million. On average, sell-side analysts predict that Satellogic will post -0.11 EPS for the current year.

Insider Activity

In other news, Director Liberty 77 Capital L.P. sold 10,000,000 shares of the company's stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $9.77, for a total value 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 $97,700,000. This represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Alan Kharsansky sold 87,091 shares of the company's stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $8.35, for a total transaction of $727,209.85. Following the completion of the sale, the chief technology officer owned 47,785 shares of the company's stock, valued at approximately $399,004.75. This represents a 64.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 38.84% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC bought a new position in shares of Satellogic during the first quarter worth about $6,463,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of 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 last quarter. Counterpoint Mutual Funds LLC acquired a new position in Satellogic during the first quarter worth $584,000. Halter Ferguson Financial Inc. grew its position in Satellogic by 116.0% in the fourth quarter. Halter Ferguson Financial Inc. now owns 839,832 shares of the company's stock valued at $1,570,000 after purchasing an additional 450,957 shares in the last quarter. Finally, Walleye Capital LLC acquired a new stake in Satellogic in the 1st quarter valued at $1,045,000. Institutional investors and hedge funds own 17.58% of the company's stock.

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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