Satellogic (NASDAQ:SATL) Upgraded to “Hold” at Wall Street Zen

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

SATL has been the subject of several other reports. Northland Securities set a $11.00 price target on shares of Satellogic in a report on Thursday, May 28th. Freedom Capital lowered Satellogic from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Weiss Ratings upgraded Satellogic from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 13th. Citigroup reissued an “outperform” rating on shares of Satellogic in a research note on Wednesday, May 13th. Finally, Cantor Fitzgerald raised their price target on Satellogic from $7.00 to $10.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Satellogic has a consensus rating of “Moderate Buy” and an average price target of $9.10.

Satellogic Stock Performance

Shares of SATL opened at $6.66 on Monday. The stock has a market capitalization of $987.28 million, a P/E ratio of -8.88 and a beta of 1.19. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.41 and a current ratio of 2.44. Satellogic has a 1 year low of $1.25 and a 1 year high of $12.00. The company’s fifty day moving average is $7.79 and its two-hundred day moving average is $4.78.

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

Insider Transactions at Satellogic

In other news, insider Fitzgerald L. P. Cantor sold 500,000 shares of the stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $5.01, for a total value of $2,505,000.00. Following the completion of the transaction, the insider owned 12,356,500 shares in the company, valued at $61,906,065. This trade represents a 3.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Liberty 77 Capital L.P. sold 10,000,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $9.77, for a total transaction of $97,700,000.00. Following the completion of the sale, the director owned 10,000,000 shares of the company’s stock, valued at $97,700,000. This trade represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 10,587,091 shares of company stock valued at $100,932,210 in the last ninety days. 38.84% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SATL. Legal & General Group Plc acquired a new stake in shares of Satellogic during the 2nd quarter valued at approximately $27,000. LMR Partners LLP acquired a new stake in shares of Satellogic in the 2nd quarter worth approximately $30,000. Squarepoint Ops LLC acquired a new stake in shares of Satellogic in the 3rd quarter worth approximately $33,000. Krilogy Financial LLC purchased a new position in Satellogic in the 1st quarter valued at approximately $60,000. Finally, Virtu Financial LLC acquired a new position in Satellogic during the third quarter worth $36,000. 17.58% of the stock is owned by hedge funds and other 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.