Satellogic (NASDAQ:SATL) Raised to Hold at Wall Street Zen

Satellogic (NASDAQ:SATL) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Other analysts also recently issued reports about the company. Northland Securities set a $11.00 target price on Satellogic in a research report on Thursday. Loop Capital set a $4.50 price objective on Satellogic in a report on Wednesday, March 11th. Weiss Ratings upgraded Satellogic from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 13th. Freedom Capital downgraded Satellogic from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, Cantor Fitzgerald lifted their price objective on Satellogic from $7.00 to $10.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Satellogic has an average rating of “Moderate Buy” and an average price target of $9.10.

Satellogic Stock Down 3.5%

NASDAQ:SATL opened at $9.51 on Friday. Satellogic has a twelve month low of $1.25 and a twelve month high of $12.00. The company has a market cap of $1.41 billion, a price-to-earnings ratio of -12.68 and a beta of 1.06. The stock has a fifty day simple moving average of $7.34 and a 200-day simple moving average of $4.34. The company has a current ratio of 2.44, a quick ratio of 2.41 and a debt-to-equity ratio of 0.93.

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

Insiders Place Their Bets

In other Satellogic news, CTO Alan Kharsansky sold 87,091 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $8.35, for a total value of $727,209.85. Following the completion of the transaction, the chief technology officer directly owned 47,785 shares in the company, valued at approximately $399,004.75. The trade was a 64.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Fitzgerald L. P. Cantor sold 500,000 shares of the business’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $5.01, for a total transaction of $2,505,000.00. Following the completion of the transaction, the insider owned 12,356,500 shares of the company’s stock, valued at $61,906,065. This represents a 3.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 10,587,091 shares of company stock worth $100,932,210. 51.62% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Satellogic

Large investors have recently added to or reduced their stakes in the company. Abel Hall LLC bought a new position in Satellogic in the fourth quarter worth about $25,000. StoneX Group Inc. bought a new position in Satellogic in the fourth quarter worth about $25,000. Neuberger Berman Group LLC bought a new position in Satellogic in the fourth quarter worth about $25,000. Legal & General Group Plc purchased a new stake in shares of Satellogic during the second quarter worth about $27,000. Finally, ProShare Advisors LLC grew its stake in shares of Satellogic by 30.2% during the fourth quarter. ProShare Advisors LLC now owns 15,349 shares of the company’s stock worth $29,000 after acquiring an additional 3,561 shares during the last quarter. 17.58% of the stock is currently owned by 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.