Satellogic (NASDAQ:SATL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Satellogic (NASDAQ:SATL) from a sell rating to a hold rating in a research report sent to investors on Saturday.

Several other brokerages have also commented on SATL. Freedom Capital upgraded Satellogic to a “strong-buy” rating in a research report on Wednesday, March 11th. Northland Securities started coverage on Satellogic in a research note on Wednesday, February 18th. They issued an “outperform” rating and a $5.50 price target on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Satellogic in a report on Thursday, January 22nd. Loop Capital set a $4.50 price objective on shares of Satellogic in a research report on Wednesday, March 11th. Finally, Zacks Research upgraded shares of Satellogic to a “hold” rating in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Satellogic currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.50.

Satellogic Price Performance

SATL stock opened at $4.96 on Friday. The company has a quick ratio of 5.02, a current ratio of 5.12 and a debt-to-equity ratio of 0.93. The firm has a market cap of $671.93 million, a price-to-earnings ratio of -19.84 and a beta of 1.46. The company’s fifty day simple moving average is $3.57 and its 200 day simple moving average is $2.86. Satellogic has a 12-month low of $1.25 and a 12-month high of $5.93.

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

Insider Buying and Selling

In other Satellogic news, major shareholder Fitzgerald L. P. Cantor sold 5,575 shares of the stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $5.55, for a total value of $30,941.25. Following the transaction, the insider owned 12,856,500 shares in the company, valued at approximately $71,353,575. This represents a 0.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders sold 524,373 shares of company stock valued at $2,942,676. Insiders own 51.62% of the company’s stock.

Institutional Investors Weigh In On Satellogic

Several hedge funds and other institutional investors have recently modified their holdings of the company. Alyeska Investment Group L.P. bought a new position in shares of Satellogic in the 4th quarter worth $16,830,000. Weiss Asset Management LP bought a new stake in Satellogic during the 4th quarter valued at $4,053,000. Cantor Fitzgerald L. P. raised its holdings in Satellogic by 16.2% during the fourth quarter. Cantor Fitzgerald L. P. now owns 13,380,873 shares of the company’s stock worth $25,022,000 after buying an additional 1,863,696 shares during the last quarter. Millennium Management LLC acquired a new position in Satellogic during the fourth quarter worth $2,172,000. Finally, Vanguard Group Inc. lifted its stake in shares of Satellogic by 44.4% in the third quarter. Vanguard Group Inc. now owns 3,262,216 shares of the company’s stock valued at $10,700,000 after buying an additional 1,002,400 shares in the last quarter. Institutional investors 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.