Satellogic (NASDAQ:SATL) Upgraded 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 report released on Sunday.

Several other research analysts also recently commented on SATL. Citigroup reissued an “outperform” rating on shares of Satellogic in a research note on Wednesday, May 13th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Satellogic in a research note on Monday, June 15th. Freedom Capital raised shares of Satellogic from a “hold” rating to a “strong-buy” rating in a report on Monday, June 29th. Northland Securities set a $11.00 target price on shares of Satellogic in a research report on Thursday, May 28th. Finally, Weiss Ratings raised shares of Satellogic from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $9.10.

Satellogic Price Performance

SATL stock traded down $0.07 during mid-day trading on Friday, hitting $4.54. 4,710,754 shares of the stock were exchanged, compared to its average volume of 7,604,895. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.44 and a quick ratio of 2.41. The business has a fifty day moving average price of $7.20 and a 200 day moving average price of $5.26. Satellogic has a 12 month low of $1.25 and a 12 month high of $12.00. The stock has a market capitalization of $673.01 million, a price-to-earnings ratio of -6.05 and a beta of 1.26.

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

Insider Activity

In other news, CTO Alan Kharsansky sold 87,091 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $8.35, for a total transaction of $727,209.85. Following the completion of the sale, the chief technology officer directly owned 47,785 shares in the company, valued at approximately $399,004.75. This represents a 64.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Liberty 77 Capital L.P. sold 10,000,000 shares of Satellogic stock in a transaction on 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 in the company, valued at approximately $97,700,000. This trade represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 38.84% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Abel Hall LLC purchased a new position in Satellogic during the 4th quarter valued at about $25,000. StoneX Group Inc. purchased a new stake in Satellogic in the fourth quarter worth about $25,000. Neuberger Berman Group LLC bought a new position in shares of Satellogic during the fourth quarter valued at approximately $25,000. Legal & General Group Plc bought a new position in shares of Satellogic during the second quarter valued at approximately $27,000. Finally, ProShare Advisors LLC lifted its holdings in shares of Satellogic by 30.2% during the fourth quarter. ProShare Advisors LLC now owns 15,349 shares of the company’s stock valued at $29,000 after purchasing 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.