Planet Labs PBC (NYSE:PL) Given Average Recommendation of “Hold” by Brokerages

Planet Labs PBC (NYSE:PL) has earned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $27.2455.

Several brokerages have issued reports on PL. Citigroup upped their price target on shares of Planet Labs PBC from $19.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Cantor Fitzgerald raised their price objective on shares of Planet Labs PBC from $20.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, March 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Planet Labs PBC in a research report on Thursday, January 22nd. Wedbush upped their target price on Planet Labs PBC from $30.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, March 20th. Finally, Northland Securities set a $28.00 price target on Planet Labs PBC in a research report on Tuesday, January 13th.

Insider Activity at Planet Labs PBC

In related news, Director Vijaya Gadde sold 20,000 shares of the business’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $26.77, for a total value of $535,400.00. Following the completion of the transaction, the director owned 250,169 shares of the company’s stock, valued at approximately $6,697,024.13. The trade was a 7.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kristen Robinson sold 47,835 shares of the company’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $26.96, for a total transaction of $1,289,631.60. Following the completion of the transaction, the director owned 222,897 shares in the company, valued at approximately $6,009,303.12. This trade represents a 17.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 218,566 shares of company stock valued at $5,896,276 over the last quarter. Insiders own 17.53% of the company’s stock.

Institutional Investors Weigh In On Planet Labs PBC

Hedge funds and other institutional investors have recently modified their holdings of the company. Parkside Financial Bank & Trust raised its position in shares of Planet Labs PBC by 92.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,550 shares of the company’s stock valued at $31,000 after buying an additional 745 shares during the last quarter. Baillie Gifford & Co. acquired a new stake in Planet Labs PBC during the fourth quarter worth approximately $32,000. GAMMA Investing LLC boosted its position in Planet Labs PBC by 146.4% during the fourth quarter. GAMMA Investing LLC now owns 2,011 shares of the company’s stock worth $40,000 after acquiring an additional 1,195 shares during the last quarter. North Star Investment Management Corp. grew its stake in Planet Labs PBC by 1,111.1% in the 4th quarter. North Star Investment Management Corp. now owns 2,180 shares of the company’s stock worth $43,000 after acquiring an additional 2,000 shares during the period. Finally, MCF Advisors LLC purchased a new stake in Planet Labs PBC in the 3rd quarter worth approximately $32,000. 41.71% of the stock is currently owned by hedge funds and other institutional investors.

Planet Labs PBC Trading Down 8.7%

NYSE:PL opened at $32.31 on Friday. The company has a market capitalization of $10.13 billion, a PE ratio of -41.42 and a beta of 1.95. The company has a quick ratio of 1.64, a current ratio of 1.65 and a debt-to-equity ratio of 2.37. Planet Labs PBC has a 52-week low of $2.79 and a 52-week high of $37.05. The stock has a fifty day simple moving average of $25.71 and a 200-day simple moving average of $18.58.

Planet Labs PBC (NYSE:PL) last released its quarterly earnings data on Thursday, March 19th. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.43). Planet Labs PBC had a negative return on equity of 69.61% and a negative net margin of 80.22%.The business had revenue of $86.82 million during the quarter, compared to analysts’ expectations of $78.17 million. The company’s revenue was up 41.1% on a year-over-year basis. On average, equities research analysts expect that Planet Labs PBC will post -0.37 earnings per share for the current fiscal year.

Trending Headlines about Planet Labs PBC

Here are the key news stories impacting Planet Labs PBC this week:

• Positive Sentiment: European manufacturing expansion — Planet has started recruiting to staff a new Berlin satellite‑manufacturing facility, a concrete step toward scaling production and shortening delivery timelines. Article Title
• Positive Sentiment: All‑time/high breakout tied to Europe expansion and sector momentum — coverage notes Planet “rocketed” to an all‑time high as investors rewarded the European buildout and broader optimism in space stocks. Article Title
• Positive Sentiment: Analyst / media recognition — Planet was cited as a top space‑stock to watch and flagged in thematic pieces that boost institutional interest and flows. Article Title
• Positive Sentiment: Analyst target moves and upgrades have supported momentum — media reported an analyst upgrade / 1‑year‑high note that helped fuel the rally. Article Title
• Neutral Sentiment: Morgan Stanley raised its price target to $35 but left an “equal weight” rating — the higher target is constructive for upside, but the neutral rating tempers the buy‑side endorsement. Article Title
• Negative Sentiment: Earnings overhang remains — the company recently reported a sizable EPS miss despite solid revenue growth and margin improvements; that mixed fundamental print can prompt short‑term profit‑taking after a big run.

Planet Labs PBC Company Profile

Planet Labs PBC is a public benefit corporation that operates one of the largest fleets of Earth-imaging satellites, providing high-frequency, high-resolution imagery and data analytics to a broad range of industries. The company’s multi-spectral satellite constellation captures daily snapshots of the planet, enabling clients to monitor changes in agriculture, forestry, urban development, energy infrastructure and environmental conditions. Planet’s imagery platform is designed to support timely decision-making by transforming raw satellite data into actionable insights for business and government users.

Founded in 2010 by former NASA scientists Will Marshall, Robbie Schingler and Chris Boshuizen, Planet Labs grew from a small startup into a key provider in the satellite imaging sector.