Satellogic (NASDAQ:SATL) Trading Up 9.1% - What's Next?

Key Points

• Satellogic shares rose 9.1% to $5.78 in Friday trading, though volume was 78% below the average session level.
• Analyst opinions remain mixed, but the stock carries a consensus “Moderate Buy” rating with an $8.90 price target; Northland Securities set a target of $11.00.
• The company beat revenue expectations with quarterly revenue of $15.92 million versus $9.57 million forecast, but missed on adjusted earnings and reported a $0.13 per-share loss.

Satellogic Inc. (NASDAQ:SATL - Get Free Report) was up 9.1% during trading on Friday . The company traded as high as $5.78 and last traded at $5.78. Approximately 2,053,730 shares traded hands during trading, a decline of 78% from the average session volume of 9,363,870 shares. The stock had previously closed at $5.30.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Freedom Capital upgraded Satellogic from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 29th. Wall Street Zen downgraded shares of Satellogic from a "hold" rating to a "sell" rating in a report on Saturday, July 25th. Weiss Ratings restated a "sell (d-)" rating on shares of Satellogic in a report on Friday, August 7th. Roth Capital reaffirmed a "buy" rating on shares of Satellogic in a research note on Thursday, August 6th. Finally, Northland Securities set a $11.00 price target on shares of Satellogic in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $8.90.

Satellogic Trading Up 6.8%

The firm has a market cap of $870.17 million, a price-to-earnings ratio of -6.90 and a beta of 1.31. The company has a debt-to-equity ratio of 2.65, a current ratio of 2.34 and a quick ratio of 2.31. The business has a 50-day moving average of $4.92 and a 200-day moving average of $5.54.

Satellogic (NASDAQ:SATL - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.10). The company had revenue of $15.92 million during the quarter, compared to the consensus estimate of $9.57 million. Satellogic had a negative net margin of 325.65% and a positive return on equity of 303.84%. Research analysts anticipate that Satellogic Inc. will post -0.02 EPS for the current year.

Insiders Place Their Bets

In other Satellogic news, Director Liberty 77 Capital L.P. sold 10,000,000 shares of the company's stock in a transaction on 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 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 legal filing with the SEC, which is available through this hyperlink. Insiders own 38.84% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. ProShare Advisors LLC boosted its stake in shares of Satellogic by 30.2% during the 4th quarter. ProShare Advisors LLC now owns 15,349 shares of the company's stock worth $29,000 after acquiring an additional 3,561 shares during the period. Invesco Ltd. boosted its position in Satellogic by 14.0% during the fourth quarter. Invesco Ltd. now owns 46,639 shares of the company's stock worth $87,000 after purchasing an additional 5,723 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Satellogic by 107.5% in the third quarter. BNP Paribas Financial Markets now owns 13,613 shares of the company's stock valued at $45,000 after purchasing an additional 7,052 shares during the last quarter. Legal & General Group Plc acquired a new position in shares of Satellogic in the second quarter valued at $27,000. Finally, LMR Partners LLP bought a new position in shares of Satellogic in the second quarter valued at about $30,000. 17.58% of the stock is currently owned by institutional investors and hedge funds.

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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