Satellogic (NASDAQ:SATL) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen lowered shares of Satellogic (NASDAQ:SATL) from a hold rating to a sell rating in a report issued on Saturday morning.

SATL has been the topic of a number of other research reports. Loop Capital set a $4.50 price target on shares of Satellogic in a report on Wednesday, March 11th. Cantor Fitzgerald set a $7.00 price target on shares of Satellogic in a report on Friday, February 20th. Northland Securities assumed coverage on shares of Satellogic in a report on Wednesday, February 18th. They issued an “outperform” rating and a $5.50 price target on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Satellogic in a report on Thursday, January 22nd. Finally, Freedom Capital lowered shares of Satellogic from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $6.40.

Satellogic Price Performance

Shares of NASDAQ:SATL opened at $7.57 on Friday. The company’s fifty day moving average price is $5.33 and its 200-day moving average price is $3.52. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of -30.28 and a beta of 1.06. Satellogic has a one year low of $1.25 and a one year high of $8.35. 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 (NASDAQ:SATL) last issued its quarterly earnings results on Thursday, March 19th. The company reported $0.17 EPS 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 analyst estimates 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 research analysts anticipate that Satellogic will post -0.17 earnings per share for the current fiscal year.

Insider Activity at Satellogic

In related news, insider Fitzgerald L. P. Cantor sold 500,000 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $61,906,065. This trade represents a 3.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 51.62% of the company’s stock.

Hedge Funds Weigh In On Satellogic

Institutional investors and hedge funds have recently made changes to their positions in the business. Alyeska Investment Group L.P. bought a new stake in shares of Satellogic in the fourth quarter worth about $16,830,000. Weiss Asset Management LP bought a new stake in shares of Satellogic in the fourth quarter worth about $4,053,000. Cantor Fitzgerald L. P. grew its stake in shares of Satellogic by 16.2% in the fourth quarter. Cantor Fitzgerald L. P. now owns 13,380,873 shares of the company’s stock worth $25,022,000 after purchasing an additional 1,863,696 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Satellogic in the fourth quarter worth about $2,172,000. Finally, Vanguard Group Inc. grew 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 worth $10,700,000 after purchasing an additional 1,002,400 shares during 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.