Satellogic (NASDAQ:SATL) Research Coverage Started at Craig Hallum

Craig Hallum began coverage on shares of Satellogic (NASDAQ:SATL) in a research report report published on Wednesday, Marketbeat reports. The brokerage issued a buy rating and a $5.00 price objective on the stock.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Satellogic in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Satellogic presently has a consensus rating of “Hold” and an average price target of $5.00.

Satellogic Price Performance

Shares of Satellogic stock opened at $5.25 on Wednesday. The business has a fifty day simple moving average of $2.27 and a two-hundred day simple moving average of $2.87. Satellogic has a 1 year low of $1.25 and a 1 year high of $5.29. The company has a market capitalization of $711.22 million, a price-to-earnings ratio of -21.88 and a beta of 1.36.

Satellogic (NASDAQ:SATL) last issued its quarterly earnings data on Monday, November 10th. The company reported ($0.02) earnings per share for the quarter. The firm had revenue of $3.63 million for the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Penserra Capital Management LLC acquired a new stake in Satellogic during the second quarter worth approximately $380,000. Halter Ferguson Financial Inc. acquired a new position in Satellogic in the 3rd quarter valued at $1,276,000. Legal & General Group Plc bought a new stake in shares of Satellogic during the 2nd quarter valued at $27,000. SG Americas Securities LLC bought a new stake in shares of Satellogic during the 4th quarter valued at $46,000. Finally, Thompson Davis & CO. Inc. acquired a new stake in shares of Satellogic during the 4th quarter worth $41,000. 17.58% of the stock is owned by institutional investors.

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.