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

9 Wall Street equities 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 8 buy ratings for the stock. The consensus among Wall Street equities 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?

9 brokers have issued 12-month target prices for Planet Labs PBC's shares. Their PL share price targets range from $4.00 to $8.00. On average, they expect the company's share price to reach $5.85 in the next year. This suggests a possible upside of 127.8% 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 2023?

Planet Labs PBC's stock was trading at $4.35 at the beginning of the year. Since then, PL stock has decreased by 40.9% and is now trading at $2.57. View the best growth stocks for 2023 here .

How were Planet Labs PBC's earnings last quarter?

Planet Labs PBC (NYSE:PL) released its quarterly earnings data on Wednesday, March, 29th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.02. The firm earned $52.98 million during the quarter, compared to the consensus estimate of $52.56 million. Planet Labs PBC had a negative net margin of 71.96% and a negative trailing twelve-month return on equity of 26.53%. The firm's quarterly revenue was up 42.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.26) earnings per share.

Is Planet Labs PBC a good dividend stock?

Planet Labs PBC (NYSE:PL) pays an annual dividend of $0.96 per share and currently has a dividend yield of 0.00%. Read our dividend analysis for PL .

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 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 institutional and retail investors. Top institutional investors include Northern Trust Corp (0.55%), Charles Schwab Investment Management Inc. (0.50%), GSA Capital Partners LLP (0.34%), Exchange Traded Concepts LLC (0.33%), Deutsche Bank AG (0.28%) and Deutsche Bank AG (0.28%). 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 WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Top-Rated StocksTop-Rated

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

$2.52

-0.05 (-1.95%)

(As of 10:27 AM ET)

Compare

Today's Range: $2.36
▼
$2.56
50-Day Range: $2.06
▼
$2.61
52-Week Range: $2.04
▼
$5.65

Volume: 781,751 shs
Average Volume: 1.73 million shs
Market Capitalization: $719.86 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $5.85

Planet Labs PBC MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.89 Rating Score
Upside/Downside: 127.8% Upside
$5.85 Price Target
Short Interest: Bearish
5.21% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.55
Based on 8 Articles This Week
Insider Trading: Acquiring Shares
$270,000 Bought Last Quarter
Proj. Earnings Growth: Growing
From ($0.55) to ($0.44) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.05 out of 5 stars

Computer And Technology Sector

233rd out of 591 stocks

Radio & T.V. Communications Equipment Industry

11th out of 22 stocks

3.4

Analyst's Opinion

Consensus Rating
Planet Labs PBC has received a consensus rating of Moderate Buy. The company's average rating score is 2.89, and is based on 8 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $5.85, Planet Labs PBC has a forecasted upside of 127.8% from its current price of $2.57.
Amount of Analyst Coverage
Planet Labs PBC has only been the subject of 1 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
5.21% 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 5.8.
Change versus previous month
Short interest in Planet Labs PBC has recently increased by 12.05%, indicating that investor sentiment is decreasing significantly.

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.

2.5

News and Social Media Coverage

News Sentiment
Planet Labs PBC has a news sentiment score of 0.55. 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Planet Labs PBC this week, compared to 4 articles on an average week.
Search Interest
Only 8 people have searched for PL on MarketBeat in the last 30 days. This is a decrease of -47% compared to the previous 30 days.
MarketBeat Follows
5 people have added Planet Labs PBC to their MarketBeat watchlist in the last 30 days. This is an increase of 25% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Planet Labs PBC insiders have bought 3,676.22% more of their company's stock than they have sold. Specifically, they have bought $270,000.00 in company stock and sold $7,150.00 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
42.36% 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.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Planet Labs PBC are expected to grow in the coming year, from ($0.55) to ($0.44) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Planet Labs PBC is -4.59, 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 -4.59, 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 1.21. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

December 8, 2023 | businesswire.com

PLANET

December 8, 2023 | finance.yahoo.com

Planet Labs PBC (NYSE:PL) Q3 2024 Earnings Call Transcript

December 8, 2023 | Wealthpress (Ad)

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December 7, 2023 | seekingalpha.com

Planet Labs PBC 2024 Q3 - Results - Earnings Call Presentation

December 7, 2023 | finance.yahoo.com

Planet Labs PBC (PL) Reports Revenue Growth and Operational Milestones in Q3 Fiscal 2024

December 7, 2023 | finance.yahoo.com

Planet Reports Financial Results for Third Quarter of Fiscal 2024

December 7, 2023 | msn.com

Chinese navy ships are first to dock at new pier at Cambodian naval base linked to Beijing

December 5, 2023 | msn.com

Live updates | Israel’s military calls for more evacuations in southern Gaza as it widens offensive

December 8, 2023 | Wealthpress (Ad)

Trading Experts Call It “The Perfect Tesla Trade”

November 30, 2023 | americanbankingnews.com

Planet Labs PBC (PL) to Release Quarterly Earnings on Thursday

November 28, 2023 | americanbankingnews.com

Planet Labs PBC (NYSE:PL) Receives Consensus Rating of "Moderate Buy" from Analysts

November 20, 2023 | markets.businessinsider.com

SPCE, RKLB, PL: What’s Ahead for These Space Stocks

November 20, 2023 | finance.yahoo.com

Planet to Announce Fiscal Third Quarter 2024 Results on Thursday, December 7, 2023

November 16, 2023 | seekingalpha.com

The Prognosis For Planet Labs

November 11, 2023 | finance.yahoo.com

Planet Launches First Pelican Tech Demonstration and 36 SuperDoves with SpaceX

November 10, 2023 | benzinga.com

Earth Imaging Company Planet Labs Boards Tech Demonstration Satellite & 36 SuperDoves On SpaceX's Transporter-9 Mission

November 9, 2023 | finance.yahoo.com

Planet to Launch Pelican Tech Demonstration and 36 SuperDoves with SpaceX

November 9, 2023 | yahoo.com

White House cautions Israel against reoccupying Gaza

November 9, 2023 | yahoo.com

Blinken warns Israel against long-term Gaza occupation

November 7, 2023 | finance.yahoo.com

Planet Releases Forest Carbon Diligence Product

November 6, 2023 | news.yahoo.com

Russians take 'operational pause' after Ukrainian army strikes Kerch shipyard

November 3, 2023 | realmoney.thestreet.com

Planet Labs: Rising Star for NASA, but a Cash Burner

November 3, 2023 | finance.yahoo.com

Planet Labs PBC Releases First Ground Testing Results for NASA CSP Program

October 31, 2023 | theglobeandmail.com

Israel’s ground war in Gaza: Maps and satellite images show the conflict so far

October 20, 2023 | apnews.com

Trucks mass at Gaza border as they wait to bring aid to desperate Palestinians

October 13, 2023 | msn.com

Hamas practiced in plain sight, posting video of mock attack weeks before border breach

October 13, 2023 | markets.businessinsider.com

Planet Labs PBC: Promising Future Growth and Market Expansion – A Buy Recommendation

See More Headlines

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Company Calendar

Last Earnings: 3/29/2023
Today: 12/08/2023
Fiscal Year End: 1/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Radio & t.v. communications equipment
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NYSE:PL
CUSIP: N/A
CIK: 1836833
Web: www.planet.com
Phone: 415-829-3313
Fax: N/A
Employees: 1,100
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $5.85
High Stock Price Target: $8.00
Low Stock Price Target: $4.00
Potential Upside/Downside: +127.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.89
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.56)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-161,970,000.00
Net Margins: -71.96%
Pretax Margin: -71.35%
Return on Equity: -26.53%
Return on Assets: -20.45%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 3.68
Quick Ratio: 3.68

Sales & Book Value

Annual Sales: $209.14 million
Price / Sales: 3.51
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $2.12 per share
Price / Book: 1.21

Miscellaneous

Outstanding Shares: 285,660,000
Free Float: 252,838,000
Market Cap: $734.15 million
Optionable: Optionable
Beta: 0.75

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Key Executives

Mr. William Spencer Marshall (Age 44)
Co-Founder, CEO & Chairman of the Board
Comp: $610.28k
Mr. Robert Henry Schingler Jr. (Age 44)
Co-Founder, Chief Strategy Officer & Director
Comp: $495.91k
Ms. Ashley Whitfield Fieglein Johnson (Age 51)
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 39)
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?: 9 Wall Street equities 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 8 buy ratings for the stock. The consensus among Wall Street equities 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?: 9 brokers have issued 12-month target prices for Planet Labs PBC's shares. Their PL share price targets range from $4.00 to $8.00. On average, they expect the company's share price to reach $5.85 in the next year. This suggests a possible upside of 127.8% 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 2023?: Planet Labs PBC's stock was trading at $4.35 at the beginning of the year. Since then, PL stock has decreased by 40.9% and is now trading at $2.57.
View the best growth stocks for 2023 here.
How were Planet Labs PBC's earnings last quarter?: Planet Labs PBC (NYSE:PL) released its quarterly earnings data on Wednesday, March, 29th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.02. The firm earned $52.98 million during the quarter, compared to the consensus estimate of $52.56 million. Planet Labs PBC had a negative net margin of 71.96% and a negative trailing twelve-month return on equity of 26.53%. The firm's quarterly revenue was up 42.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.26) earnings per share.
Is Planet Labs PBC a good dividend stock?: Planet Labs PBC (NYSE:PL) pays an annual dividend of $0.96 per share and currently has a dividend yield of 0.00%.
Read our dividend analysis for PL.

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 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 institutional and retail investors. Top institutional investors include Northern Trust Corp (0.55%), Charles Schwab Investment Management Inc. (0.50%), GSA Capital Partners LLP (0.34%), Exchange Traded Concepts LLC (0.33%), Deutsche Bank AG (0.28%) and Deutsche Bank AG (0.28%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:PL) was last updated on 12/8/2023 by MarketBeat.com Staff

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