Clough Capital Partners L P raised its holdings in shares of Planet Labs PBC (NYSE:PL - Free Report) by 122.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 156,994 shares of the company's stock after purchasing an additional 86,494 shares during the quarter. Clough Capital Partners L P owned 0.05% of Planet Labs PBC worth $531,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in PL. Invesco Ltd. lifted its position in shares of Planet Labs PBC by 14.3% during the fourth quarter. Invesco Ltd. now owns 287,843 shares of the company's stock worth $1,163,000 after purchasing an additional 35,990 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Planet Labs PBC during the fourth quarter valued at $1,648,000. Barclays PLC increased its stake in shares of Planet Labs PBC by 12.8% during the fourth quarter. Barclays PLC now owns 367,735 shares of the company's stock valued at $1,485,000 after buying an additional 41,588 shares during the period. Mariner LLC increased its stake in shares of Planet Labs PBC by 67.3% during the fourth quarter. Mariner LLC now owns 65,767 shares of the company's stock valued at $266,000 after buying an additional 26,457 shares during the period. Finally, NewEdge Advisors LLC purchased a new position in shares of Planet Labs PBC during the fourth quarter valued at $59,000. 41.71% of the stock is currently owned by institutional investors.
Planet Labs PBC Stock Performance
Shares of PL traded down $0.45 during trading hours on Tuesday, hitting $6.65. 9,886,111 shares of the stock were exchanged, compared to its average volume of 6,724,724. Planet Labs PBC has a 12-month low of $1.76 and a 12-month high of $7.72. The company has a market cap of $2.02 billion, a price-to-earnings ratio of -18.46 and a beta of 1.81. The stock's 50-day moving average price is $6.54 and its two-hundred day moving average price is $4.92.
Planet Labs PBC (NYSE:PL - Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.01. Planet Labs PBC had a negative return on equity of 23.36% and a negative net margin of 42.58%.The firm had revenue of $66.27 million during the quarter, compared to analysts' expectations of $62.25 million. Planet Labs PBC has set its Q2 2026 guidance at EPS. FY 2026 guidance at EPS. On average, research analysts expect that Planet Labs PBC will post -0.37 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on PL shares. The Goldman Sachs Group started coverage on Planet Labs PBC in a research note on Monday, June 30th. They set a "neutral" rating and a $4.60 price target on the stock. Wedbush lifted their target price on Planet Labs PBC from $5.00 to $7.00 and gave the stock an "outperform" rating in a report on Thursday, June 5th. Needham & Company LLC reaffirmed a "buy" rating and set a $8.00 target price on shares of Planet Labs PBC in a report on Thursday, June 5th. Citigroup lifted their target price on Planet Labs PBC from $5.00 to $7.00 and gave the stock a "buy" rating in a report on Friday, June 6th. Finally, JMP Securities lifted their target price on Planet Labs PBC from $6.50 to $8.00 and gave the stock a "market outperform" rating in a report on Tuesday, July 22nd. Nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Planet Labs PBC currently has an average rating of "Moderate Buy" and a consensus target price of $6.86.
Read Our Latest Analysis on PL
Planet Labs PBC Company Profile
(
Free Report)
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.
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