NYSE:PL

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

$2.50

+0.02 (+0.81%)

(As of 09/27/2023 ET)

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Today's Range: $2.46
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$2.53
50-Day Range: $2.48
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$3.77
52-Week Range: $2.46
▼
$6.27

Volume: 1.21 million shs
Average Volume: 1.85 million shs
Market Capitalization: $714.15 million

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

Planet Labs PBC MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.90 Rating Score
Upside/Downside: 134.2% Upside
$5.85 Price Target
Short Interest: Bearish
6.72% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.29
Based on 8 Articles This Week
Insider Trading: Acquiring Shares
$270,000 Bought Last Quarter
Proj. Earnings Growth: Growing
From ($0.54) to ($0.45) Per Share

Overall MarketRank^™

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

2.48 out of 5 stars

Computer And Technology Sector

200th out of 604 stocks

Radio & T.V. Communications Equipment Industry

11th out of 22 stocks

4.5

Analyst's Opinion

Consensus Rating
Planet Labs PBC has received a consensus rating of Moderate Buy. The company's average rating score is 2.90, and is based on 9 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 134.2% from its current price of $2.50.
Amount of Analyst Coverage
Planet Labs PBC has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
6.72% 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 6.4.
Change versus previous month
Short interest in Planet Labs PBC has recently decreased by 2.06%, indicating that investor sentiment is improving.

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.

2.4

News and Social Media Coverage

News Sentiment
Planet Labs PBC has a news sentiment score of 0.29. 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 is a lower news sentiment than the 0.73 average news sentiment score 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
7 people have searched for PL on MarketBeat in the last 30 days. This is an increase of 75% compared to the previous 30 days.
MarketBeat Follows
Only 6 people have added Planet Labs PBC to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% 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 2,526.46% more of their company's stock than they have sold. Specifically, they have bought $270,000.00 in company stock and sold $10,280.00 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 ($0.54) to ($0.45) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Planet Labs PBC is -4.46, 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 -4.46, 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 1.32. 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 (NYSE:PL) Stock

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 Price History

30 days | 90 days | 365 days | Advanced Chart

PL Stock News Headlines

September 27, 2023 | markets.businessinsider.com

Analysts Are Bullish on Top Technology Stocks: ACM Research (ACMR), Riot Platforms (RIOT)

September 26, 2023 | nytimes.com

Russia-Ukraine WarUkraine’s Military Claims to Have Killed the Head of Russia’s Black Sea Fleet

September 27, 2023 | Tradewins (Ad)

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September 25, 2023 | msn.com

Russia-Ukraine war live: Ukraine claims to have killed commander of Russia’s Black Sea fleet

September 24, 2023 | msn.com

Ukraine attacks Russian Black Sea navy HQ in Crimea

September 24, 2023 | americanbankingnews.com

Planet Labs PBC (NYSE:PL) Shares Down 3.4%

September 24, 2023 | barrons.com

Planet Labs PBC Wt

September 23, 2023 | markets.businessinsider.com

Northland Securities Keeps Their Buy Rating on Planet Labs PBC (PL)

September 27, 2023 | Legacy Research (Ad)

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If you have any U.S. dollars in your bank account… You must see this shocking video exposing the government’s new plan to recall the U.S. dollar. According to Business Insider, this recall “could be imminent.” And if you don’t prepare now, you could end up holding a bunch of worthless U.S. dollars.

September 21, 2023 | americanbankingnews.com

Planet Labs PBC (NYSE:PL) Shares Gap Up Following Insider Buying Activity

September 20, 2023 | finance.yahoo.com

Insider Buying: Co-Founder and CEO William Marshall Acquires 100,000 Shares of Planet Labs PBC (PL)

September 15, 2023 | news.yahoo.com

Before and After Satellite Images Show Effects of Strike on Sevastopol Navy Shipyard

September 14, 2023 | msn.com

Satellite Images Reveal Aftermath of 'Storm Shadow' Hit on Crimea Shipyard

September 14, 2023 | apnews.com

AP Photos: Satellite images show flood devastation that killed more than 11,000 in Libya

September 14, 2023 | investing.com

Satellite images appear to show Wagner camp in Belarus being dismantled

September 14, 2023 | reuters.com

Devastation in Derna

September 14, 2023 | finance.yahoo.com

NASA JPL Imaging Spectrometer Ready for Tanager 1 Integration

September 14, 2023 | msn.com

20,000 feared dead in Libya floods

September 14, 2023 | reuters.com

Libyans search for families after catastrophic flood

September 14, 2023 | finance.yahoo.com

Libya, Morocco Death Toll Nears 9,000 as Rescuers Comb Wreckage

September 13, 2023 | apnews.com

Body found by divers in Greece raises death toll from recent storm to 16

September 13, 2023 | msn.com

Rescuers retrieve over 2,000 bodies in eastern Libya wrecked by devastating floods

September 13, 2023 | ca.news.yahoo.com

Satellite Images Show Aftermath of Catastrophic Flooding in Libya

September 13, 2023 | msn.com

How Libya’s chaos left its people vulnerable to deadly flooding

September 13, 2023 | axios.com

Before and after satellite images show scale of Libya flood destruction

September 12, 2023 | apnews.com

European Union to rush more than $2 billion to disaster-hit Greece, using untapped funds

September 11, 2023 | seekingalpha.com

Planet Labs Q2 Earnings Review: Sluggish Growth Could Continue This Year

See More Headlines

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PL Company Calendar

Last Earnings: 3/29/2023
Today: 9/27/2023
Next Earnings (Estimated): 12/13/2023
Fiscal Year End: 1/31/2024

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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 Forecast: $5.85
High Stock Price Forecast: $8.00
Low Stock Price Forecast: $4.00
Forecasted Upside/Downside: +134.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.90
Research Coverage: 10 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: $191.26 million
Price / Sales: 3.73
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.89 per share
Price / Book: 1.32

Miscellaneous

Outstanding Shares: 285,660,000
Free Float: 252,838,000
Market Cap: $714.15 million
Optionable: Optionable
Beta: 0.51

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Key Executives

Mr. William Spencer Marshall (Age 44)
Co-Founder, CEO & Chairman
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
VP of Investor Relations

Ms. Amy Keating
Chief Legal Officer & Sec.

Ms. Donna Prlich
Chief Marketing Officer

Mr. Tramayne Whitney
Chief People Officer

Mr. Kevin Weil (Age 39)
Pres of Product & Bus.

Mr. Charlie Candy
Chief Revenue Officer

Mr. James Mason
Sr. VP of Space Systems

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PL Stock - Frequently Asked Questions

Should I buy or sell Planet Labs PBC stock right now?: 10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Planet Labs PBC in the last twelve months. There are currently 1 hold rating and 9 buy ratings for the stock. The consensus among Wall Street 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 forecast for 2023?: 10 Wall Street analysts have issued 1 year price targets for Planet Labs PBC's shares. Their PL share price forecasts range from $4.00 to $8.00. On average, they expect the company's share price to reach $5.85 in the next twelve months. This suggests a possible upside of 134.2% 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 on January 1st, 2023. Since then, PL stock has decreased by 42.5% and is now trading at $2.50.
View the best growth stocks for 2023 here.
When is Planet Labs PBC's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 13th 2023.
View our PL earnings forecast.
How were Planet Labs PBC's earnings last quarter?: Planet Labs PBC (NYSE:PL) issued its quarterly earnings data on Wednesday, March, 29th. The company reported ($0.14) EPS for the quarter, beating analysts' consensus estimates of ($0.16) by $0.02. The firm had revenue of $52.98 million for the quarter, compared to analysts' expectations of $52.56 million. Planet Labs PBC had a negative trailing twelve-month return on equity of 26.53% and a negative net margin of 71.96%. The firm's revenue for the quarter was up 42.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.26) EPS.
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 third quarter 2024 earnings guidance on Thursday, September, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $54.00 million-$56.00 million, compared to the consensus revenue estimate of $57.03 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).
What is Planet Labs PBC's stock symbol?: Planet Labs PBC trades on the New York Stock Exchange (NYSE) under the ticker symbol "PL."
Who are Planet Labs PBC's major shareholders?: Planet Labs PBC's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.00%), State Street Corp (1.74%), Geode Capital Management LLC (1.34%), Northern Trust Corp (0.62%), Charles Schwab Investment Management Inc. (0.53%) and Frontier Capital Management Co. LLC (0.49%). 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.
What is Planet Labs PBC's stock price today?: One share of PL stock can currently be purchased for approximately $2.50.
How much money does Planet Labs PBC make?: Planet Labs PBC (NYSE:PL) has a market capitalization of $714.15 million and generates $191.26 million in revenue each year. The company earns $-161,970,000.00 in net income (profit) each year or ($0.56) on an earnings per share basis.
How many employees does Planet Labs PBC have?: The company employs 1,100 workers across the globe.
How can I contact Planet Labs PBC?: Planet Labs PBC's mailing address is 645 Harrison Street 4th Floor San Francisco, CA 94107 United States. The official website for the company is www.planet.com. The company can be reached via phone at 415-829-3313 or via email at ir@dmytechnology.com.

This page (NYSE:PL) was last updated on 9/27/2023 by MarketBeat.com Staff

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