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

$2.26
+0.07 (+3.20%)
(As of 03/1/2024 ET)
Today's Range
$2.14
$2.26
50-Day Range
$2.07
$2.57
52-Week Range
$1.99
$5.00
Volume
1.38 million shs
Average Volume
1.15 million shs
Market Capitalization
$650.04 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$5.74

Planet Labs PBC MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.88 Rating Score
Upside/​Downside
155.1% Upside
$5.74 Price Target
Short Interest
Bearish
4.21% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.71mentions of Planet Labs PBC in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$7,180 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.53) to ($0.46) 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.

1.87 out of 5 stars

Computer And Technology Sector

434th out of 601 stocks

Radio & T.V. Communications Equipment Industry

15th out of 22 stocks


PL stock logo

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

PL Stock News Headlines

An attack on a cargo ship in the Red Sea has caused a miles-long oil slick. Things could get worse
The U.S. military says an attack by Yemeni Houthi rebels on a Belize-flagged ship earlier this month caused a significant oil leak
Bezos and Gates Invest in Search for Tech's Best-Kept Secret
Billionaires who've made their fortunes in tech, are quietly investing in essential yet rare elements known as "The Seeds of Technology". Learn more about this massive rare earth treasure hunt and the very elements making emerging technologies possible.
JMP Securities Reaffirms Their Buy Rating on Planet Labs PBC (PL)
Bezos and Gates Invest in Search for Tech's Best-Kept Secret
Billionaires who've made their fortunes in tech, are quietly investing in essential yet rare elements known as "The Seeds of Technology". Learn more about this massive rare earth treasure hunt and the very elements making emerging technologies possible.
INTENT and Planet Partnership Brings Ag Imagery Into Focus
7 Screaming Stock Buys for Under $5
Will Planet Labs PBC (PL) be Able to Capture the Market?
PL Mar 2024 2.000 put
See More Headlines
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Company Calendar

Last Earnings
12/07/2023
Today
3/01/2024
Next Earnings (Confirmed)
3/28/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Radio & t.v. communications equipment
Sub-Industry
N/A
Fax
N/A
Employees
1,100
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$5.74
High Stock Price Target
$8.00
Low Stock Price Target
$3.00
Potential Upside/Downside
+155.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
8 Analysts

Profitability

Net Income
$-161,970,000.00
Pretax Margin
-68.47%

Debt

Sales & Book Value

Annual Sales
$191.26 million
Book Value
$2.12 per share

Miscellaneous

Free Float
254,578,000
Market Cap
$647.17 million
Optionable
Optionable
Beta
0.75
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Key Executives















PL Stock Analysis - Frequently Asked Questions

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

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Planet Labs PBC in the last year. There are currently 1 hold rating and 7 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?

8 brokers have issued 12 month target prices for Planet Labs PBC's stock. Their PL share price targets range from $3.00 to $8.00. On average, they anticipate the company's share price to reach $5.74 in the next twelve months. This suggests a possible upside of 155.1% 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 shares have decreased by 8.9% and is now trading at $2.25.
View the best growth stocks for 2024 here
.

Are investors shorting Planet Labs PBC?

Planet Labs PBC saw a decrease in short interest in the month of January. As of January 31st, there was short interest totaling 6,640,000 shares, a decrease of 9.4% from the January 15th total of 7,330,000 shares. Based on an average trading volume of 1,410,000 shares, the short-interest ratio is presently 4.7 days. Approximately 4.0% of the shares of the stock are sold short.
View Planet Labs PBC's Short Interest
.

When is Planet Labs PBC's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 28th 2024.
View our PL earnings forecast
.

How were Planet Labs PBC's earnings last quarter?

Planet Labs PBC (NYSE:PL) posted its quarterly earnings results on Thursday, December, 7th. The company reported ($0.13) EPS for the quarter, beating analysts' consensus estimates of ($0.15) by $0.02. The firm earned $55.38 million during the quarter, compared to analysts' expectations of $54.66 million. Planet Labs PBC had a negative net margin of 69.02% and a negative trailing twelve-month return on equity of 26.85%.

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), Clough Long/Short Equity ETF (CBLS) 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 fourth quarter 2024 earnings guidance on Monday, December, 11th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $56.0 million-$59.0 million, compared to the consensus revenue estimate of $58.8 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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (6.35%), Voya Investment Management LLC (0.70%), Northern Trust Corp (0.60%), Charles Schwab Investment Management Inc. (0.52%), Exchange Traded Concepts LLC (0.40%) and Teramo Advisors LLC (0.38%). 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 3/1/2024 by MarketBeat.com Staff