Satellogic (NASDAQ:SATL) Stock Bumped Up to “Hold” by Wall Street Zen

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

A number of other research analysts also recently commented on SATL. Weiss Ratings reiterated a “sell (d-)” rating on shares of Satellogic in a research note on Wednesday, November 4th. Zacks Research downgraded shares of Satellogic from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Roth Capital reaffirmed a “buy” rating on shares of Satellogic in a report on Thursday, August 6th. Finally, Cantor Fitzgerald lowered their price target on shares of Satellogic from $9.00 to $7.00 and set an “overweight” rating for the company in a research report on Wednesday. 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $8.50.

Satellogic Stock Down 6.3%

NASDAQ SATL traded down $0.22 on Friday, reaching $3.30. The company had a trading volume of 4,336,189 shares, compared to its average volume of 4,865,872. The firm has a market capitalization of $507.34 million, a PE ratio of -5.00 and a beta of 1.49. The firm has a 50-day moving average of $4.54 and a 200-day moving average of $5.24. The company has a debt-to-equity ratio of 1.36, a current ratio of 4.90 and a quick ratio of 2.31. Satellogic has a 1 year low of $1.25 and a 1 year high of $12.00.

Satellogic (NASDAQ:SATL) last released its quarterly earnings results on Tuesday, November 10th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.16. The business had revenue of $16.04 million during the quarter, compared to analyst estimates of $12.44 million. Satellogic had a negative net margin of 179.55% and a positive return on equity of 10.43%. On average, equities research analysts anticipate that Satellogic will post -0.02 EPS for the current fiscal year.

Institutional Investors Weigh In On Satellogic

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tidal Investments LLC acquired a new position in shares of Satellogic during the 2nd quarter valued at $11,613,000. Tema ETFs LLC acquired a new stake in shares of Satellogic in the second quarter valued at $8,640,000. Renaissance Technologies LLC acquired a new stake in shares of Satellogic in the first quarter valued at $6,463,000. Royal Bank of Canada boosted its stake in Satellogic by 4,052.9% during the first quarter. Royal Bank of Canada now owns 417,033 shares of the company’s stock valued at $2,269,000 after buying an additional 406,991 shares in the last quarter. Finally, Sei Investments Co. bought a new position in Satellogic during the first quarter valued at about $1,607,000. Institutional investors own 17.58% of the company’s stock.

About Satellogic

Satellogic is a space technology company that designs, manufactures and operates Earth-observation satellites. It provides satellite imagery and geospatial data products to customers seeking information about conditions and changes on the ground. The company’s services include imagery and monitoring solutions for applications such as agriculture, forestry, energy, infrastructure and government operations. Satellogic also offers access to satellite data and imaging capacity for organizations that need tailored Earth-observation capabilities.