Shares of Satellogic Inc. (NASDAQ:SATL – Get Free Report) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $8.90.
A number of analysts have recently issued reports on the company. Cantor Fitzgerald restated an “overweight” rating on shares of Satellogic in a report on Monday, September 21st. Zacks Research downgraded Satellogic from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Wall Street Zen downgraded Satellogic from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Roth Capital restated a “buy” rating on shares of Satellogic in a research report on Thursday, August 6th. Finally, Freedom Capital raised Satellogic from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th.
Read Our Latest Stock Report on SATL
Satellogic Price Performance
Satellogic (NASDAQ:SATL – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.10). Satellogic had a positive return on equity of 303.84% and a negative net margin of 325.65%.The company had revenue of $15.92 million for the quarter, compared to analyst estimates of $9.57 million. As a group, analysts expect that Satellogic will post -0.02 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Satellogic
Several large investors have recently made changes to their positions in the company. Veracity Capital LLC boosted its position in shares of Satellogic by 4.7% in the third quarter. Veracity Capital LLC now owns 62,348 shares of the company’s stock valued at $345,000 after acquiring an additional 2,772 shares during the period. Tidal Investments LLC bought a new position in Satellogic during the second quarter worth $11,613,000. Integrated Wealth Concepts LLC acquired a new position in Satellogic during the 2nd quarter valued at $46,000. Allworth Financial LP raised its stake in Satellogic by 69.4% during the 2nd quarter. Allworth Financial LP now owns 6,214 shares of the company’s stock valued at $36,000 after purchasing an additional 2,545 shares during the last quarter. Finally, Arizona State Retirement System acquired a new position in Satellogic during the 2nd quarter valued at $131,000. Institutional investors own 17.58% of the company’s stock.
Satellogic Company Profile
Satellogic Inc (NASDAQ: SATL) is a geospatial intelligence company that operates a constellation of satellites designed to capture high-resolution imagery of Earth. Its satellites collect multispectral data that can be used to monitor changes in agriculture, infrastructure, natural resources, climate conditions and other areas of interest.
The company provides satellite imagery, tasking services and geospatial data products to government and commercial customers. Its platform is intended to support applications including defense and security, environmental monitoring, mapping, agriculture, energy and infrastructure management.
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