Planet Labs PBC (NYSE:PL) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Planet Labs PBC (NYSE:PL) have been assigned an average rating of “Hold” from the eleven research firms that are currently covering the firm, Marketbeat Ratings reports. One investment 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 twelve-month price target among analysts that have issued ratings on the stock in the last year is $27.2455.

Several research analysts recently issued reports on PL shares. National Bank Financial set a $12.30 price target on shares of Planet Labs PBC in a report on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft lifted their price objective on Planet Labs PBC from $16.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Needham & Company LLC increased their target price on Planet Labs PBC to $40.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Wedbush raised their price target on Planet Labs PBC from $30.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, March 20th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Planet Labs PBC in a research note on Thursday, January 22nd.

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 Stock Performance

NYSE:PL opened at $32.31 on Friday. The company has a debt-to-equity ratio of 2.37, a current ratio of 1.65 and a quick ratio of 1.64. The firm has a market cap of $10.13 billion, a price-to-earnings ratio of -41.42 and a beta of 1.95. The firm’s fifty day moving average price is $25.71 and its 200 day moving average price is $18.58. Planet Labs PBC has a 1-year low of $2.79 and a 1-year high of $37.05.

Planet Labs PBC (NYSE:PL) last announced its quarterly earnings data on Thursday, March 19th. The company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $86.82 million for the quarter, compared to analysts’ expectations of $78.17 million. The business’s quarterly revenue was up 41.1% on a year-over-year basis. On average, sell-side analysts expect that Planet Labs PBC will post -0.37 EPS for the current year.

Insider Buying and Selling at Planet Labs PBC

In other Planet Labs PBC news, Director Vijaya Gadde sold 20,000 shares of the business’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $26.77, for a total transaction of $535,400.00. Following the sale, the director directly owned 250,169 shares in the company, 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kristen Robinson sold 47,835 shares of the company’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $26.96, for a total transaction of $1,289,631.60. Following the transaction, the director directly 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 SEC filing for this sale provides additional information. Over the last quarter, insiders sold 218,566 shares of company stock valued at $5,896,276. 17.53% of the stock is owned by company insiders.

Institutional Trading of Planet Labs PBC

Institutional investors have recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust increased its holdings in 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 in the last quarter. MCF Advisors LLC purchased a new stake in shares of Planet Labs PBC during the 3rd quarter worth approximately $32,000. Baillie Gifford & Co. acquired a new stake in shares of Planet Labs PBC in the 4th quarter worth approximately $32,000. Larson Financial Group LLC acquired a new stake in shares of Planet Labs PBC in the 3rd quarter worth approximately $39,000. Finally, GAMMA Investing LLC increased its stake in Planet Labs PBC by 146.4% in the 4th quarter. GAMMA Investing LLC now owns 2,011 shares of the company’s stock valued at $40,000 after purchasing an additional 1,195 shares in the last quarter. Hedge funds and other institutional investors own 41.71% of the company’s stock.

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.