Satellogic (NASDAQ:SATL) Stock Rating Upgraded by Freedom Capital

Satellogic (NASDAQ:SATL) was upgraded by stock analysts at Freedom Capital from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other brokerages also recently weighed in on SATL. Northland Securities set a $11.00 price target on shares of Satellogic in a report on Thursday, May 28th. Roth Mkm increased their price objective on shares of Satellogic from $10.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Wall Street Zen downgraded shares of Satellogic from a “hold” rating to a “sell” rating in a research report on Saturday. Loop Capital set a $4.50 target price on shares of Satellogic in a report on Wednesday, March 11th. Finally, Citigroup reiterated an “outperform” rating on shares of Satellogic in a research note on Wednesday, May 13th. One equities research 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $9.10.

Satellogic Stock Performance

Shares of SATL opened at $5.72 on Monday. The business has a 50-day simple moving average of $7.44 and a two-hundred day simple moving average of $5.11. The company has a quick ratio of 2.41, a current ratio of 2.44 and a debt-to-equity ratio of 0.93. Satellogic has a 52 week low of $1.25 and a 52 week high of $12.00. The stock has a market cap of $847.93 million, a price-to-earnings ratio of -7.63 and a beta of 1.19.

Satellogic (NASDAQ:SATL) last announced its quarterly earnings data on Tuesday, March 31st. The company reported ($0.84) earnings per share (EPS) for the quarter. The company 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, analysts expect that Satellogic will post -0.11 EPS for the current year.

Insider Buying and Selling

In other news, CTO Alan Kharsansky sold 87,091 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $8.35, for a total value of $727,209.85. Following the transaction, the chief technology officer owned 47,785 shares of the company’s stock, valued at approximately $399,004.75. The trade was a 64.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Liberty 77 Capital L.P. sold 10,000,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $9.77, for a total transaction of $97,700,000.00. Following the transaction, the director owned 10,000,000 shares of the company’s stock, valued at approximately $97,700,000. This represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 38.84% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SATL. Legal & General Group Plc purchased a new stake in shares of Satellogic in the second quarter worth about $27,000. LMR Partners LLP purchased a new position in Satellogic during the 2nd quarter valued at approximately $30,000. Squarepoint Ops LLC bought a new stake in Satellogic in the 3rd quarter worth approximately $33,000. Krilogy Financial LLC bought a new stake in Satellogic in the 1st quarter worth approximately $60,000. Finally, Virtu Financial LLC purchased a new stake in shares of Satellogic during the 3rd quarter worth approximately $36,000. 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.