Satellogic (NASDAQ:SATL – Get Free Report) had its target price dropped by Cantor Fitzgerald from $9.00 to $7.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald‘s target price indicates a potential upside of 79.49% from the stock’s previous close.
Other equities analysts have also recently issued reports about the company. Roth Capital reissued a “buy” rating on shares of Satellogic in a report on Thursday, August 6th. Wall Street Zen downgraded Satellogic from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Satellogic in a research note on Wednesday, November 4th. Finally, Zacks Research cut Satellogic from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Satellogic currently has an average rating of “Moderate Buy” and a consensus price target of $8.50.
Check Out Our Latest Stock Report on SATL
Satellogic Trading Down 1.5%
Shares of SATL opened at $3.90 on Wednesday. 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 firm has a 50 day simple moving average of $4.60 and a 200-day simple moving average of $5.26. Satellogic has a 1-year low of $1.25 and a 1-year high of $12.00. The stock has a market cap of $599.59 million, a price-to-earnings ratio of -4.76 and a beta of 1.49.
Satellogic (NASDAQ:SATL – Get Free Report) last posted its earnings results on Tuesday, November 10th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.16. Satellogic had a positive return on equity of 303.84% and a negative net margin of 325.65%. The firm had revenue of $16.04 million for the quarter, compared to analyst estimates of $12.44 million. Equities analysts forecast that Satellogic will post -0.02 EPS for the current fiscal year.
Institutional Trading of Satellogic
A number of hedge funds have recently bought and sold shares of SATL. Tidal Investments LLC purchased a new stake in Satellogic in the 2nd quarter worth approximately $11,613,000. Tema ETFs LLC acquired a new stake in shares of Satellogic during the second quarter worth $8,640,000. Renaissance Technologies LLC acquired a new stake in shares of Satellogic during the first quarter worth $6,463,000. Royal Bank of Canada boosted its holdings in shares of Satellogic by 4,052.9% during the first quarter. Royal Bank of Canada now owns 417,033 shares of the company’s stock worth $2,269,000 after purchasing an additional 406,991 shares during the last quarter. Finally, Sei Investments Co. purchased a new stake in shares of Satellogic in the first quarter valued at $1,607,000. Institutional investors and hedge funds own 17.58% of the company’s stock.
Satellogic Company Profile
Satellogic is a space technology company that designs, manufactures and operates Earth-observation satellites. It provides satellite imagery and geospatial data products to customers seeking information about conditions and changes on the ground. The company’s services include imagery and monitoring solutions for applications such as agriculture, forestry, energy, infrastructure and government operations. Satellogic also offers access to satellite data and imaging capacity for organizations that need tailored Earth-observation capabilities.
Recommended Stories
- Five stocks we like better than Satellogic
- The Trade Desk Beats on Revenue, But the Fine Print Matters
- Poll Reveals: Which States Are Most Prepared for a Crisis? [2026]
- Why Kinder Morgan’s Chairman Just Bought $15 Million in Stock
- Rocket Lab’s Record Backlog Could Fuel a Rebound, But Neutron Raises the Stakes
Receive News & Ratings for Satellogic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Satellogic and related companies with MarketBeat.com's FREE daily email newsletter.
