Satellogic (NASDAQ:SATL) Rating Increased to Strong-Buy at Freedom Capital

Freedom Capital upgraded shares of Satellogic (NASDAQ:SATL) from a hold rating to a strong-buy rating in a research report released on Monday,Zacks.com reports.

Several other equities research analysts have also recently issued reports on SATL. Weiss Ratings raised shares of Satellogic from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 13th. Wall Street Zen lowered shares of Satellogic from a “hold” rating to a “sell” rating in a research report on Saturday. Loop Capital set a $4.50 price target on shares of Satellogic in a research note on Wednesday, March 11th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Satellogic in a research note on Monday, June 15th. Finally, Roth Mkm boosted their price target on Satellogic from $10.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $9.10.

Satellogic Stock Performance

SATL stock opened at $5.72 on Monday. Satellogic has a twelve month low of $1.25 and a twelve month high of $12.00. The firm has a market cap of $847.93 million, a price-to-earnings ratio of -7.63 and a beta of 1.19. The business’s fifty day simple moving average is $7.44 and its two-hundred day simple moving average is $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 (NASDAQ:SATL) last issued its earnings results 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%. Analysts predict that Satellogic will post -0.11 earnings per share for the current year.

Insider Transactions at Satellogic

In other Satellogic news, CTO Alan Kharsansky sold 87,091 shares of the firm’s 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 transaction, the chief technology officer owned 47,785 shares of the company’s stock, valued at approximately $399,004.75. This trade represents a 64.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Liberty 77 Capital L.P. sold 10,000,000 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 10,000,000 shares in the company, valued at $97,700,000. This trade represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. 38.84% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Satellogic

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Abel Hall LLC bought a new position in Satellogic in the fourth quarter worth approximately $25,000. StoneX Group Inc. bought a new stake in Satellogic during the 4th quarter valued at $25,000. Neuberger Berman Group LLC bought a new stake in Satellogic during the 4th quarter valued at $25,000. Legal & General Group Plc purchased a new position in shares of Satellogic in the 2nd quarter valued at $27,000. Finally, ProShare Advisors LLC increased its holdings in shares of Satellogic by 30.2% in the 4th quarter. ProShare Advisors LLC now owns 15,349 shares of the company’s stock valued at $29,000 after acquiring an additional 3,561 shares during the period. 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.