Wall Street Zen Upgrades Satellogic (NASDAQ:SATL) to Hold

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 on Saturday.

A number of other equities research analysts have also recently commented on SATL. Loop Capital set a $4.50 target price on Satellogic in a research note on Wednesday, March 11th. Zacks Research raised Satellogic to a “hold” rating in a research report on Thursday, February 19th. Freedom Capital raised Satellogic to a “strong-buy” rating in a report on Wednesday, March 11th. Craig Hallum assumed coverage on Satellogic in a research report on Wednesday, January 21st. They issued a “buy” rating and a $5.00 price objective on the stock. Finally, Northland Securities initiated coverage on Satellogic in a research note on Wednesday, February 18th. They set an “outperform” rating and a $5.50 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.50.

Satellogic Stock Performance

Shares of SATL stock opened at $3.59 on Friday. The stock has a 50 day simple moving average of $3.55 and a 200-day simple moving average of $2.85. Satellogic has a 12-month low of $1.25 and a 12-month high of $5.93. The company has a market cap of $486.34 million, a price-to-earnings ratio of -14.36 and a beta of 1.46. The company has a current ratio of 5.12, a quick ratio of 5.02 and a debt-to-equity ratio of 0.93.

Satellogic (NASDAQ:SATL) last posted its quarterly earnings results on Thursday, March 19th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.23. The company had revenue of $6.25 million during the quarter, compared to the consensus estimate of $3.83 million. Satellogic had a negative net margin of 27.01% and a negative return on equity of 34.92%.

Insider Buying and Selling at Satellogic

In other Satellogic news, major shareholder Fitzgerald L. P. Cantor sold 388,827 shares of the firm’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $5.63, for a total value of $2,189,096.01. Following the transaction, the insider directly owned 12,862,075 shares of the company’s stock, valued at $72,413,482.25. This trade represents a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders have sold 524,373 shares of company stock worth $2,942,676. Insiders own 51.62% of the company’s stock.

Institutional Trading of Satellogic

Several large investors have recently bought and sold shares of the company. ProShare Advisors LLC increased its stake in Satellogic by 30.2% during the 4th quarter. ProShare Advisors LLC now owns 15,349 shares of the company’s stock worth $29,000 after buying an additional 3,561 shares during the period. Invesco Ltd. grew its stake in shares of Satellogic by 14.0% during the fourth quarter. Invesco Ltd. now owns 46,639 shares of the company’s stock valued at $87,000 after acquiring an additional 5,723 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Satellogic during the second quarter valued at about $25,000. BNP Paribas Financial Markets increased its position in shares of Satellogic by 107.5% during the third quarter. BNP Paribas Financial Markets now owns 13,613 shares of the company’s stock worth $45,000 after acquiring an additional 7,052 shares during the last quarter. Finally, Legal & General Group Plc purchased a new stake in shares of Satellogic during the second quarter worth about $27,000. Institutional investors and hedge funds own 17.58% of the company’s stock.

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.