Satellogic (NASDAQ:SATL) Upgraded by Wall Street Zen to Hold Rating

Satellogic (NASDAQ:SATL) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

Other equities analysts also recently issued research reports about the company. Freedom Capital upgraded Satellogic to a “strong-buy” rating in a research report on Wednesday, March 11th. Northland Securities initiated coverage on Satellogic in a research report on Wednesday, February 18th. They issued an “outperform” rating and a $5.50 price objective for the company. Cantor Fitzgerald set a $7.00 target price on Satellogic in a research note on Friday, February 20th. Zacks Research upgraded Satellogic to a “hold” rating in a research report on Thursday, February 19th. Finally, Craig Hallum started coverage on shares of Satellogic in a research note on Wednesday, January 21st. They issued a “buy” rating and a $5.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $5.50.

Satellogic Stock Performance

SATL opened at $3.59 on Friday. The company has a fifty day moving average of $3.55 and a two-hundred day moving average of $2.86. The stock has a market capitalization of $486.34 million, a price-to-earnings ratio of -14.36 and a beta of 1.45. Satellogic has a fifty-two week low of $1.25 and a fifty-two week high of $5.93.

Satellogic (NASDAQ:SATL) last posted its earnings results on Thursday, March 19th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.23. Satellogic had a negative net margin of 27.01% and a negative return on equity of 18.57%. The business had revenue of $6.25 million for the quarter, compared to analyst estimates of $3.83 million.

Insider Activity

In other news, major shareholder Fitzgerald L. P. Cantor sold 5,575 shares of the stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $5.55, for a total value of $30,941.25. Following the completion of the sale, the insider directly owned 12,856,500 shares in the company, valued at $71,353,575. This represents a 0.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 524,373 shares of company stock worth $2,942,676 over the last ninety days. 51.62% of the stock is owned by corporate insiders.

Institutional Trading of Satellogic

Several large investors have recently bought and sold shares of SATL. Ameritas Investment Partners Inc. purchased a new stake in Satellogic during the 2nd quarter valued at about $25,000. Abel Hall LLC purchased a new position in Satellogic in the 4th quarter worth approximately $25,000. StoneX Group Inc. acquired a new position in shares of Satellogic during the 4th quarter worth approximately $25,000. Neuberger Berman Group LLC acquired a new position in shares of Satellogic during the 4th quarter worth approximately $25,000. Finally, Farther Finance Advisors LLC purchased a new stake in shares of Satellogic in the third quarter valued at approximately $26,000. Hedge funds and other 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.