Satellogic Inc. (NASDAQ:SATL) Stock Has Consensus Price Target of $8.90 According to Analysts

Shares of Satellogic Inc. (NASDAQ:SATL – Get Free Report) have received an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $8.90.

Several equities research analysts have weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Satellogic in a report on Friday, August 7th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Satellogic in a research note on Monday, September 21st. Wall Street Zen downgraded shares of Satellogic from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Zacks Research cut shares of Satellogic from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Finally, Roth Capital reiterated a “buy” rating on shares of Satellogic in a research note on Thursday, August 6th.

Get Our Latest Stock Analysis on SATL

Hedge Funds Weigh In On Satellogic

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP boosted its holdings in shares of Satellogic by 69.4% in the 2nd quarter. Allworth Financial LP now owns 6,214 shares of the company’s stock valued at $36,000 after buying an additional 2,545 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Satellogic in the 2nd quarter valued at $46,000. Trueblood Wealth Management LLC purchased a new stake in Satellogic in the third quarter valued at $55,000. Krilogy Financial LLC acquired a new position in Satellogic in the first quarter valued at $60,000. Finally, Commonwealth Financial Services LLC purchased a new position in shares of Satellogic during the first quarter worth about $82,000. 17.58% of the stock is owned by institutional investors and hedge funds.

Satellogic Trading Down 3.5%

Shares of NASDAQ SATL opened at $3.81 on Thursday. The stock has a market capitalization of $585.75 million, a PE ratio of -4.65 and a beta of 1.37. The company has a current ratio of 2.34, a quick ratio of 2.31 and a debt-to-equity ratio of 2.65. The stock has a fifty day simple moving average of $4.93 and a 200-day simple moving average of $5.27. Satellogic has a twelve month low of $1.25 and a twelve month high of $12.00.

Satellogic (NASDAQ:SATL – Get Free Report) last announced its earnings results on Thursday, August 6th. 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 for 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%. On average, equities analysts forecast that Satellogic will post -0.02 earnings per share for the current year.

About Satellogic

(Get Free Report)

Satellogic Inc is a geospatial intelligence company that designs, manufactures and operates a constellation of Earth observation satellites. Its satellites collect high-resolution, multispectral imagery intended to help customers monitor changes on the planet’s surface, including activity related to agriculture, infrastructure, natural resources, climate and national security.

The company provides access to satellite imagery, analytics and related data products through its platform. Satellogic also offers satellite-as-a-service and sovereign constellation solutions, allowing government and commercial customers to obtain dedicated Earth observation capabilities and build applications based on frequently updated geospatial data.

Founded in 2010 by Emiliano Kargieman, Satellogic is headquartered in Montevideo, Uruguay, and serves customers in multiple international markets.

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Analyst Recommendations for Satellogic (NASDAQ:SATL)

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