Satellogic Inc. (NASDAQ:SATL) Receives $9.10 Consensus Target Price from Analysts

Satellogic Inc. (NASDAQ:SATL) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $9.10.

A number of research firms recently issued reports on SATL. Northland Securities set a $11.00 price objective on Satellogic in a research note on Thursday, May 28th. Citigroup reaffirmed an “outperform” rating on shares of Satellogic in a research note on Wednesday, May 13th. Loop Capital set a $4.50 price objective on shares of Satellogic in a research note on Wednesday, March 11th. Roth Mkm boosted their price objective on shares of Satellogic from $10.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Finally, Zacks Research raised shares of Satellogic to a “hold” rating in a research note on Thursday, February 19th.

Satellogic Stock Performance

NASDAQ:SATL opened at $7.12 on Monday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.41 and a current ratio of 2.44. Satellogic has a 52-week low of $1.25 and a 52-week high of $12.00. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of -9.49 and a beta of 1.19. The business’s fifty day moving average is $7.68 and its 200 day moving average is $4.59.

Satellogic (NASDAQ:SATL) last released its quarterly earnings data on Tuesday, March 31st. The company reported ($0.84) earnings per share (EPS) for the quarter. Satellogic had a negative net margin of 443.06% and a negative return on equity of 100.03%. The company had revenue of $6.11 million for the quarter. Research analysts predict that Satellogic will post -0.11 EPS for the current year.

Insider Activity at Satellogic

In related news, Director Liberty 77 Capital L.P. sold 10,000,000 shares of Satellogic stock in a transaction on Tuesday, May 26th. The stock was 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 owned 10,000,000 shares of the company’s stock, valued at approximately $97,700,000. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Fitzgerald L. P. Cantor sold 500,000 shares of Satellogic stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $5.01, for a total value of $2,505,000.00. Following the sale, the insider directly owned 12,356,500 shares of the company’s stock, valued at $61,906,065. This represents a 3.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 10,587,091 shares of company stock valued at $100,932,210. Company insiders own 38.84% of the company’s stock.

Institutional Investors Weigh In On Satellogic

A number of institutional investors and hedge funds have recently bought and sold shares of SATL. Abel Hall LLC purchased a new stake in Satellogic in the fourth quarter valued at approximately $25,000. StoneX Group Inc. purchased a new stake in Satellogic in the fourth quarter valued at approximately $25,000. Neuberger Berman Group LLC purchased a new stake in Satellogic in the fourth quarter valued at approximately $25,000. Legal & General Group Plc purchased a new stake in Satellogic in the second quarter valued at approximately $27,000. Finally, ProShare Advisors LLC raised its stake in Satellogic by 30.2% in the fourth quarter. ProShare Advisors LLC now owns 15,349 shares of the company’s stock valued at $29,000 after purchasing an additional 3,561 shares in the last quarter. 17.58% of the stock is owned by hedge funds and other institutional investors.

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.