Planet Labs PBC (NYSE:PL) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Planet Labs PBC (NYSE:PL) have earned an average recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $11.26.

PL has been the subject of several research reports. Needham & Company LLC raised their target price on Planet Labs PBC from $12.00 to $16.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Weiss Ratings reissued a “sell (d-)” rating on shares of Planet Labs PBC in a report on Wednesday, October 8th. JMP Securities reaffirmed a “market perform” rating on shares of Planet Labs PBC in a research note on Tuesday, October 21st. Citizens Jmp downgraded shares of Planet Labs PBC from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 21st. Finally, Cantor Fitzgerald increased their target price on shares of Planet Labs PBC from $8.50 to $20.00 and gave the company an “overweight” rating in a research note on Friday, October 17th.

Insider Buying and Selling at Planet Labs PBC

In related news, insider Robert H. Schingler sold 81,656 shares of Planet Labs PBC stock in a transaction on Monday, October 13th. The stock was sold at an average price of $15.50, for a total value of $1,265,668.00. Following the transaction, the insider directly owned 1,288,843 shares in the company, valued at $19,977,066.50. The trade was a 5.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 17.53% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Planet Labs PBC

Hedge funds and other institutional investors have recently modified their holdings of the stock. CIBC Bancorp USA Inc. purchased a new position in Planet Labs PBC in the 3rd quarter worth about $323,000. Ariadne Wealth Management LP increased its position in shares of Planet Labs PBC by 8.8% in the third quarter. Ariadne Wealth Management LP now owns 11,202 shares of the company’s stock worth $145,000 after acquiring an additional 905 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Planet Labs PBC during the third quarter valued at approximately $56,000. Castleark Management LLC purchased a new stake in shares of Planet Labs PBC in the 3rd quarter valued at approximately $3,962,000. Finally, PharVision Advisers LLC purchased a new stake in shares of Planet Labs PBC in the 3rd quarter valued at approximately $368,000. Institutional investors and hedge funds own 41.71% of the company’s stock.

Planet Labs PBC Price Performance

NYSE PL opened at $11.19 on Friday. Planet Labs PBC has a 12 month low of $2.79 and a 12 month high of $16.78. The firm has a market capitalization of $3.45 billion, a PE ratio of -37.30 and a beta of 1.99. The company’s 50 day simple moving average is $12.84 and its 200 day simple moving average is $8.30.

Planet Labs PBC (NYSE:PL) last issued its quarterly earnings results on Monday, September 8th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). Planet Labs PBC had a negative net margin of 34.46% and a negative return on equity of 20.25%. The firm had revenue of $73.39 million for the quarter, compared to the consensus estimate of $65.88 million. During the same period in the previous year, the business posted ($0.06) earnings per share. The business’s revenue for the quarter was up 20.1% compared to the same quarter last year. Planet Labs PBC has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Sell-side analysts anticipate that Planet Labs PBC will post -0.37 earnings per share for the current fiscal year.

About Planet Labs PBC

Planet Labs PBC engages in the design, construction, and launch constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform worldwide. The company’s platform offers planet monitoring, basemap, tasking, apps, and application programming interfaces, as well as analytics and planetary variables.