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

Planet Labs PBC (NYSE:PL) has been assigned an average rating of “Hold” from the twelve ratings firms that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $35.1083.

Several research firms have recently weighed in on PL. Morgan Stanley raised their price objective on Planet Labs PBC from $26.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 25th. New Street Research assumed coverage on Planet Labs PBC in a research note on Wednesday, May 13th. They issued a “sell” rating and a $28.00 price target on the stock. The Goldman Sachs Group upped their price objective on shares of Planet Labs PBC from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. Weiss Ratings downgraded shares of Planet Labs PBC from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, June 1st. Finally, Needham & Company LLC raised their price objective on shares of Planet Labs PBC from $40.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, June 5th.

Planet Labs PBC Price Performance

Shares of NYSE PL opened at $31.11 on Wednesday. Planet Labs PBC has a twelve month low of $4.90 and a twelve month high of $51.76. The company has a current ratio of 2.81, a quick ratio of 2.78 and a debt-to-equity ratio of 1.01. The firm has a 50-day moving average of $38.80 and a two-hundred day moving average of $28.03. The company has a market capitalization of $10.77 billion, a price-to-earnings ratio of -27.29 and a beta of 1.99.

Planet Labs PBC (NYSE:PL) last released its earnings results on Thursday, June 4th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. The business had revenue of $94.15 million for the quarter, compared to the consensus estimate of $90.39 million. Planet Labs PBC had a negative net margin of 111.17% and a negative return on equity of 105.29%. The firm’s revenue was up 42.1% compared to the same quarter last year. As a group, analysts expect that Planet Labs PBC will post -0.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Planet Labs PBC news, insider Robert H. Schingler sold 73,683 shares of Planet Labs PBC stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $35.07, for a total transaction of $2,584,062.81. Following the transaction, the insider owned 256,488 shares of the company’s stock, valued at $8,995,034.16. The trade was a 22.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ashley F. Johnson sold 200,000 shares of the company’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $35.10, for a total value of $7,020,000.00. Following the completion of the transaction, the chief financial officer owned 1,895,162 shares in the company, valued at $66,520,186.20. This represents a 9.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 16.42% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. American Capital Advisory LLC purchased a new stake in Planet Labs PBC in the 1st quarter worth approximately $28,000. Western Wealth Management LLC purchased a new position in shares of Planet Labs PBC during the 1st quarter valued at $28,000. Pittenger & Anderson Inc. grew its holdings in shares of Planet Labs PBC by 40.9% during the 1st quarter. Pittenger & Anderson Inc. now owns 1,360 shares of the company’s stock valued at $38,000 after acquiring an additional 395 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Planet Labs PBC in the first quarter worth $41,000. Finally, Parkside Financial Bank & Trust increased its stake 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 worth $31,000 after acquiring an additional 745 shares during the last quarter. 41.71% of the stock is owned by hedge funds and other institutional investors.

Key Planet Labs PBC News

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

• Positive Sentiment: Planet Labs announced it is a founding participant in the AIRS initiative with Astroscale, a new industry-academia effort focused on atmospheric reentry research. The announcement highlights Planet’s role in a growing space ecosystem and could reinforce its long-term relevance in orbital data and space sustainability. Article Title
• Positive Sentiment: Options activity spiked, with traders buying far more Planet Labs call options than usual. That often signals expectations for continued upside or a near-term catalyst in the stock.
• Positive Sentiment: Recent commentary has pointed to strong quarterly results, including record revenue, a large backlog, and expanding defense and AI opportunities, which may be helping sentiment around the company. Article Title
• Neutral Sentiment: Several articles are focused on valuation and post-earnings volatility, suggesting investors are still debating whether the recent rally is justified after a sharp run-up and prior decline. Article Title
• Negative Sentiment: Some analysis cautions that although revenue growth remains strong, profitability is still distant and guidance implies slower growth ahead, with capital intensity and potential dilution remaining concerns for investors. Article Title

About Planet Labs PBC

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.