Should I buy or sell Planet Labs PBC stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Planet Labs PBC in the last twelve months. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PL shares. View PL analyst ratings or view top-rated stocks .

What is Planet Labs PBC's stock price target for 2024?

7 Wall Street analysts have issued 1 year price objectives for Planet Labs PBC's shares. Their PL share price targets range from $3.00 to $7.00. On average, they expect the company's share price to reach $4.68 in the next twelve months. This suggests a possible upside of 168.1% from the stock's current price. View analysts price targets for PL or view top-rated stocks among Wall Street analysts .

How have PL shares performed in 2024?

Planet Labs PBC's stock was trading at $2.47 at the start of the year. Since then, PL stock has decreased by 29.4% and is now trading at $1.7450. View the best growth stocks for 2024 here .

When is Planet Labs PBC's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 13th 2024. View our PL earnings forecast .

How were Planet Labs PBC's earnings last quarter?

Planet Labs PBC (NYSE:PL) announced its quarterly earnings results on Wednesday, March, 29th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.02. The firm had revenue of $52.98 million for the quarter, compared to analysts' expectations of $52.56 million. Planet Labs PBC had a negative net margin of 63.67% and a negative trailing twelve-month return on equity of 26.14%. Planet Labs PBC's revenue was up 42.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.26) earnings per share.

What ETFs hold Planet Labs PBC's stock?

ETFs with the largest weight of Planet Labs PBC (NYSE:PL) stock in their portfolio include Procure Space ETF (UFO) and Direxion Moonshot Innovators ETF (MOON) . SPDR S&P Kensho Final Frontiers ETF (ROKT) .

What guidance has Planet Labs PBC issued on next quarter's earnings?

Planet Labs PBC issued an update on its first quarter 2025 earnings guidance on Thursday, March, 28th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $58.0 million-$61.0 million, compared to the consensus revenue estimate of $60.3 million.

What other stocks do shareholders of Planet Labs PBC own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Planet Labs PBC investors own include Ballard Power Systems (BLDP) and Regions Financial (RF) .

Who are Planet Labs PBC's major shareholders?

Planet Labs PBC's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Penbrook Management LLC (0.15%), 180 Wealth Advisors LLC (0.05%) and Banque Cantonale Vaudoise (0.01%). Insiders that own company stock include Ashley F Johnson, Kevin Weil , Masi Niccolo De and William Spencer Marshall. View institutional ownership trends .

How do I buy shares of Planet Labs PBC?

Shares of PL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:PL

Planet Labs PBC (PL) Stock Price, News & Analysis

→ Claim Your Complimentary Bitcoin Reward (From Crypto Swap Profits) (Ad)

Free PL Stock Alerts

$1.74

-0.01 (-0.57%)

(As of 04/19/2024 ET)

Compare

Today's Range: $1.68
▼
$1.78
50-Day Range: $1.72
▼
$2.56
52-Week Range: $1.68
▼
$5.00

Volume: 1.64 million shs
Average Volume: 1.33 million shs
Market Capitalization: $507.13 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $4.68

Get Planet Labs PBC alerts:

Planet Labs PBC MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.86 Rating Score
Upside/Downside: 168.1% Upside
$4.68 Price Target
Short Interest: Bearish
4.03% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.11
Based on 11 Articles This Week
Insider Trading: Selling Shares
$7,020 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.41) to ($0.28) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.36 out of 5 stars

Computer And Technology Sector

263rd out of 585 stocks

Radio & T.V. Communications Equipment Industry

8th out of 19 stocks

4.4

Analyst's Opinion

Consensus Rating
Planet Labs PBC has received a consensus rating of Moderate Buy. The company's average rating score is 2.86, and is based on 6 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Planet Labs PBC has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
4.03% of the float of Planet Labs PBC has been sold short.
Short Interest Ratio / Days to Cover
Planet Labs PBC has a short interest ratio ("days to cover") of 6.
Change versus previous month
Short interest in Planet Labs PBC has recently increased by 4.80%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Planet Labs PBC does not currently pay a dividend.
Dividend Growth
Planet Labs PBC does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PL.

2.2

News and Social Media Coverage

News Sentiment
Planet Labs PBC has a news sentiment score of -0.11. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.49 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for Planet Labs PBC this week, compared to 5 articles on an average week.
Search Interest
15 people have searched for PL on MarketBeat in the last 30 days. This is an increase of 25% compared to the previous 30 days.
MarketBeat Follows
13 people have added Planet Labs PBC to their MarketBeat watchlist in the last 30 days. This is an increase of 160% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Planet Labs PBC insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $7,020.00 in company stock.
Percentage Held by Insiders
11.49% of the stock of Planet Labs PBC is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
41.71% of the stock of Planet Labs PBC is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Planet Labs PBC are expected to grow in the coming year, from ($0.41) to ($0.28) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Planet Labs PBC is -3.42, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Planet Labs PBC is -3.42, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Planet Labs PBC has a P/B Ratio of 0.97. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Ad Crypto Swap Profits

Claim Your Complimentary Bitcoin Reward

Many have already secured their free Bitcoin reward offered by our esteemed guest. How about you? In an effort to spread the word about our upcoming workshop, he's generously offering $10 in Bitcoin (BTC) to participants. Absolutely no strings attached.

Secure Your Spot Now

About Planet Labs PBC Stock (NYSE:PL)

Planet Labs PBC designs, constructs, and launches constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform worldwide. The company offers planet monitoring, basemap, tasking, apps, variables, hyperspectral, analytic feeds, and platform, as well as planet professional services including launch program, architectural workshop, planet training, integration and data services, and quick start services; and technical support services, which includes planet help center, developer resource center, and planet community and university. It serves agriculture, civil government, civil and intelligence, drought response, science programs, energy and infrastructure, finance and insurance, forestry and land, mapping, maritime, planet federal, and nonprofit program markets. The company is headquartered in San Francisco, California.

PL Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PL Stock News Headlines

April 18, 2024 | marketbeat.com

Planet Labs Soars Fueled by AI Data Demand

Artificial intelligence (AI) is propping up the computer and technology sector, but it's also helping many other industries involved in collecting, procuring and providing real-time data. Planet Labs PBC NYSE: PL, which was started by NASA scientists in 2010, operates a network of over 200 satellites that provides planetary data around the clock for many industries.

April 18, 2024 | marketbeat.com

Planet Labs Soars Fueled by AI Data Demand

AI requires oceans of data to train models, and this insatiable demand for data has been driving revenues higher for Planet Labs.

April 20, 2024 | Paradigm Press (Ad)

Forget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THIS

You might have seen that Bitcoin was one of the best performing assets of 2023. It gained 164%. But a crypto millionaire who has been tracking the space for more than a decade has ABANDONED Bitcoin. He found something better.

April 19, 2024 | msn.com

Israel’s long-term credit rating is downgraded by S&P, 2nd major US agency to do so, citing conflict

April 19, 2024 | msn.com

Isfahan, apparent site of Israeli strike, is home to Iranian nuclear facilities

April 19, 2024 | msn.com

Iran fires at suspected Israeli drones near air base and nuclear site

April 16, 2024 | americanbankingnews.com

Planet Labs PBC (NYSE:PL) Reaches New 1-Year Low After Analyst Downgrade

April 14, 2024 | americanbankingnews.com

The Goldman Sachs Group Lowers Planet Labs PBC (NYSE:PL) Price Target to $4.20

April 20, 2024 | Paradigm Press (Ad)

Forget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THIS

April 11, 2024 | investorplace.com

7 Non-Pharma Penny Stocks on the Brink of 100% Gains

April 9, 2024 | businesswire.com

Planet Announces Planet Insights Platform with Powerful Tooling for Unlocking Earth Observation Data

April 7, 2024 | msn.com

Gaza buildings and land decimated in 6 months of war

April 5, 2024 | markets.businessinsider.com

Navigating 4 Analyst Ratings For Planet Labs

April 2, 2024 | marketwatch.com

Planet Labs Shares Drop 11% After Outlook Disappoints

April 2, 2024 | markets.businessinsider.com

Analysts Offer Insights on Industrial Goods Companies: 3M (MMM), Planet Labs PBC (PL) and General Dynamics (GD)

April 1, 2024 | finance.yahoo.com

Planet Labs PBC (NYSE:PL) Q4 2024 Earnings Call Transcript

April 1, 2024 | markets.businessinsider.com

Buy Rating Affirmed for Planet Labs PBC Amid Strong Financials and Strategic Sales Execution

April 1, 2024 | markets.businessinsider.com

Northland Securities Reaffirms Their Buy Rating on Planet Labs PBC (PL)

April 1, 2024 | msn.com

Why Shares of Planet Labs Are Plunging Today

April 1, 2024 | markets.businessinsider.com

JMP Securities Keeps Their Buy Rating on Planet Labs PBC (PL)

April 1, 2024 | theguardian.com

‘Ecocide in Gaza’: does scale of environmental destruction amount to a war crime?

March 31, 2024 | investorplace.com

3 Space Stocks to Buy Before the 2024 Total Solar Eclipse

March 30, 2024 | finanznachrichten.de

Planet Labs PBC Reports Financial Results for Fourth Quarter and Full Fiscal Year 2024

March 30, 2024 | seekingalpha.com

Planet Labs PBC (PL) Q4 2024 Earnings Call Transcript

March 30, 2024 | finance.yahoo.com

Planet Labs PBC Full Year 2024 Earnings: EPS Beats Expectations

March 29, 2024 | msn.com

Buffer Zone and Control Corridor: What Israeli Army's Entrenchment in Gaza Looks Like

March 29, 2024 | msn.com

Satellite images expose UAE's new military site in Yemeni waters amid maritime conflict

See More Headlines

Receive PL Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Planet Labs PBC and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings: 3/29/2023
Today: 4/19/2024
Next Earnings (Estimated): 6/13/2024
Fiscal Year End: 1/31/2025

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Computer and Technology
Industry: Radio & t.v. communications equipment
Sub-Industry: N/A
Current Symbol: NYSE:PL
CUSIP: N/A
CIK: 1836833
Web: www.planet.com
Phone: 415-829-3313
Fax: N/A
Employees: 1,180
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $4.68
High Stock Price Target: $7.00
Low Stock Price Target: $3.00
Potential Upside/Downside: +168.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.86
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.51)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-140,510,000.00
Net Margins: -63.67%
Pretax Margin: -63.30%
Return on Equity: -26.14%
Return on Assets: -19.66%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.71
Quick Ratio: 2.71

Sales & Book Value

Annual Sales: $220.70 million
Price / Sales: 2.30
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.79 per share
Price / Book: 0.97

Miscellaneous

Outstanding Shares: 290,620,000
Free Float: 257,228,000
Market Cap: $507.13 million
Optionable: Optionable
Beta: 0.79

(Almost) Everything You Need To Know About The EV Market

Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.

Get This Free Report

Key Executives

Mr. William Spencer Marshall (Age 45)
Co-Founder, CEO & Chairman of the Board
Comp: $610.28k
Mr. Robert Henry Schingler Jr. (Age 45)
Co-Founder, Chief Strategy Officer & Director
Comp: $495.91k
Ms. Ashley Whitfield Fieglein Johnson (Age 52)
Chief Financial & Operating Officer
Comp: $564.94k
Mr. Christopher Genualdi
Vice President of Investor Relations
Ms. Amy Keating
Chief Legal Officer & Secretary
Ms. Donna Prlich
Chief Marketing Officer
Mr. Tramayne Whitney
Chief People Officer
Mr. Kevin Weil (Age 40)
President of Product & Business
Comp: $60.26k
Mr. Charlie Candy
Chief Revenue Officer
Mr. James Mason
Senior Vice President of Space Systems

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PL Stock Analysis - Frequently Asked Questions

Should I buy or sell Planet Labs PBC stock right now?: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Planet Labs PBC in the last twelve months. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PL shares.
View PL analyst ratings or view top-rated stocks.
What is Planet Labs PBC's stock price target for 2024?: 7 Wall Street analysts have issued 1 year price objectives for Planet Labs PBC's shares. Their PL share price targets range from $3.00 to $7.00. On average, they expect the company's share price to reach $4.68 in the next twelve months. This suggests a possible upside of 168.1% from the stock's current price.
View analysts price targets for PL or view top-rated stocks among Wall Street analysts.
How have PL shares performed in 2024?: Planet Labs PBC's stock was trading at $2.47 at the start of the year. Since then, PL stock has decreased by 29.4% and is now trading at $1.7450.
View the best growth stocks for 2024 here.
When is Planet Labs PBC's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, June 13th 2024.
View our PL earnings forecast.
How were Planet Labs PBC's earnings last quarter?: Planet Labs PBC (NYSE:PL) announced its quarterly earnings results on Wednesday, March, 29th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.02. The firm had revenue of $52.98 million for the quarter, compared to analysts' expectations of $52.56 million. Planet Labs PBC had a negative net margin of 63.67% and a negative trailing twelve-month return on equity of 26.14%. Planet Labs PBC's revenue was up 42.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.26) earnings per share.
What ETFs hold Planet Labs PBC's stock?: ETFs with the largest weight of Planet Labs PBC (NYSE:PL) stock in their portfolio include Procure Space ETF (UFO) and Direxion Moonshot Innovators ETF (MOON).SPDR S&P Kensho Final Frontiers ETF (ROKT).

What guidance has Planet Labs PBC issued on next quarter's earnings?: Planet Labs PBC issued an update on its first quarter 2025 earnings guidance on Thursday, March, 28th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $58.0 million-$61.0 million, compared to the consensus revenue estimate of $60.3 million.
What other stocks do shareholders of Planet Labs PBC own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Planet Labs PBC investors own include Ballard Power Systems (BLDP) and Regions Financial (RF).
Who are Planet Labs PBC's major shareholders?: Planet Labs PBC's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Penbrook Management LLC (0.15%), 180 Wealth Advisors LLC (0.05%) and Banque Cantonale Vaudoise (0.01%). Insiders that own company stock include Ashley F Johnson, Kevin Weil, Masi Niccolo De and William Spencer Marshall.
View institutional ownership trends.
How do I buy shares of Planet Labs PBC?: Shares of PL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:PL) was last updated on 4/20/2024 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

Planet Labs PBC (PL) Stock Price, News & Analysis

Planet Labs PBC MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Planet Labs PBC Stock (NYSE:PL)

PL Stock Price History

PL Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

PL Stock Analysis - Frequently Asked Questions

Overall MarketRank^™