Satellogic (NASDAQ:SATL) Rating Lowered to “Sell” at Wall Street Zen

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

A number of other analysts also recently weighed in on SATL. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Satellogic in a research report on Thursday, January 22nd. Cantor Fitzgerald set a $7.00 price objective on shares of Satellogic in a research report on Friday, February 20th. Craig Hallum assumed coverage on shares of Satellogic in a research report on Wednesday, January 21st. They set a “buy” rating and a $5.00 price objective on the stock. Northland Securities assumed coverage on shares of Satellogic in a research report on Wednesday, February 18th. They set an “outperform” rating and a $5.50 price objective on the stock. Finally, Freedom Capital downgraded shares of Satellogic from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $6.40.

Satellogic Price Performance

NASDAQ:SATL opened at $7.57 on Friday. The firm’s 50-day moving average price is $5.33 and its 200-day moving average price is $3.52. The company has a market capitalization of $1.08 billion, a PE ratio of -30.28 and a beta of 1.06. The company has a debt-to-equity ratio of 0.93, a current ratio of 5.12 and a quick ratio of 5.02. Satellogic has a 1-year low of $1.25 and a 1-year high of $8.35.

Satellogic (NASDAQ:SATL) last released its 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. The firm had revenue of $6.25 million for 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%. On average, equities analysts predict that Satellogic will post -0.17 EPS for the current fiscal year.

Insider Transactions at Satellogic

In other Satellogic news, insider Fitzgerald L. P. Cantor sold 500,000 shares of the company’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $5.01, for a total transaction of $2,505,000.00. Following the transaction, the insider owned 12,356,500 shares in the company, valued at approximately $61,906,065. This represents a 3.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 51.62% of the company’s stock.

Hedge Funds Weigh In On Satellogic

Institutional investors have recently made changes to their positions in the business. Legal & General Group Plc bought a new position in shares of Satellogic in the 2nd quarter worth approximately $27,000. Farther Finance Advisors LLC bought a new position in shares of Satellogic in the 3rd quarter worth approximately $26,000. LMR Partners LLP bought a new position in shares of Satellogic in the 2nd quarter worth approximately $30,000. Squarepoint Ops LLC bought a new position in shares of Satellogic in the 3rd quarter worth approximately $33,000. Finally, Krilogy Financial LLC bought a new position in shares of Satellogic in the 1st quarter worth approximately $60,000. Institutional investors own 17.58% of the company’s stock.

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.