NYSE:PL

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

$4.63

+0.04 (+0.87%)

(As of 02:34 PM ET)

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Today's Range: $4.49
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$4.66
50-Day Range: $3.40
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$4.59
52-Week Range: $3.29
▼
$7.51

Volume: 659,059 shs
Average Volume: 1.59 million shs
Market Capitalization: $1.27 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $7.28

Planet Labs PBC MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.88 Rating Score
Upside/Downside: 57.2% Upside
$7.28 Price Target
Short Interest: Bearish
5.47% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.36
Based on 2 Articles This Week
Insider Trading: Acquiring Shares
$997,360 Bought Last Quarter
Proj. Earnings Growth: Growing
From ($0.54) to ($0.43) Per Share

Overall MarketRank^™

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

2.36 out of 5 stars

Computer And Technology Sector

389th out of 1,226 stocks

Radio & T.V. Communications Equipment Industry

19th out of 48 stocks

4.4

Analyst's Opinion

Consensus Rating
Planet Labs PBC has received a consensus rating of Buy. The company's average rating score is 2.88, and is based on 7 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $7.28, Planet Labs PBC has a forecasted upside of 57.2% from its current price of $4.63.
Amount of Analyst Coverage
Planet Labs PBC has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
5.47% 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 4.8.
Change versus previous month
Short interest in Planet Labs PBC has recently decreased by 1.59%, 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.

1.3

News and Social Media Coverage

News Sentiment
Planet Labs PBC has a news sentiment score of 0.36. 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 0.51 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Planet Labs PBC this week, compared to 4 articles on an average week.
Search Interest
Only 5 people have searched for PL on MarketBeat in the last 30 days. This is a decrease of -87% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Planet Labs PBC to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% 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 12,461.21% more of their company's stock than they have sold. Specifically, they have bought $997,360.00 in company stock and sold $7,940.00 in company stock.
Percentage Held by Insiders
10.20% 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
43.05% 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 ($0.43) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Planet Labs PBC is -7.59, 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 -7.59, 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 2.18. 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 Open Geospatial Consortium, a cloud-native proprietary technology that performs critical processing and overall harmonizing of images for time series and data fusion and analysis; and space-based hardware and related software systems. It serves agriculture, mapping, forestry, and finance and insurance, as well as federal, state, and local government bodies. The company was incorporated in 2010 and is headquartered in San Francisco, California.

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PL Stock News Headlines

May 26, 2023 | seekingalpha.com

Planet Labs: Massive SBCs And Profitability Still Far Away

May 25, 2023 | msn.com

Planet Labs join hands with the UAE Space Agency

June 1, 2023 | Edge On The Street (Ad)

AI Getting Close to Thinking Like Humans

Technology experts working with neuroscientists have created the world's first Artificial Intelligence Network Operating System. AI can now process information like the human brain and understand the world the way humans do.

May 25, 2023 | finance.yahoo.com

Planet Partners with the UAE Space Agency to Build Satellite Data-driven Loss and Damage Atlas for Climate Resilience

May 23, 2023 | markets.businessinsider.com

Analysts’ Top Technology Picks: Magnite (MGNI), Planet Labs PBC (PL)

May 22, 2023 | news.yahoo.com

Possible new Iran nuclear site deep underground challenges West

May 22, 2023 | finance.yahoo.com

Planet Announces AI Partnerships at GEOINT 2023

May 19, 2023 | markets.businessinsider.com

Planet Labs PBC (PL) Receives a Buy from Needham

June 1, 2023 | Edge On The Street (Ad)

AI Getting Close to Thinking Like Humans

May 17, 2023 | americanbankingnews.com

Planet Labs PBC (NYSE:PL) Given Average Recommendation of "Moderate Buy" by Brokerages

May 13, 2023 | americanbankingnews.com

Planet Labs PBC (NYSE:PL) Shares Gap Down to $4.13

May 11, 2023 | finance.yahoo.com

Planet to Announce Fiscal First Quarter 2024 Results on Thursday, June 8, 2023

May 10, 2023 | msn.com

Planet Labs: Well-Positioned In A Growing Market

May 10, 2023 | finance.yahoo.com

Planet and AXA Climate Extend Strategic Partnership to Drive Drought Insurance Program

May 7, 2023 | nypost.com

Satellite photos reveal oil tankers seized by Iran anchored off port city

May 2, 2023 | americanbankingnews.com

Planet Labs PBC (NYSE:PL) Earns Outperform Rating from Analysts at JMP Securities

May 2, 2023 | markets.businessinsider.com

Planet Labs PBC (PL) Receives a New Rating from JMP Securities

April 27, 2023 | finance.yahoo.com

Insiders sitting comfortably on a US$77k profit after buying Planet Labs PBC (NYSE:PL) stock worth US$997k last year

April 24, 2023 | americanbankingnews.com

Planet Labs PBC (NYSE:PL) Given Consensus Rating of "Moderate Buy" by Brokerages

April 22, 2023 | americanbankingnews.com

Needham & Company LLC Reaffirms Buy Rating for Planet Labs PBC (NYSE:PL)

April 22, 2023 | americanbankingnews.com

Planet Labs PBC (NYSE:PL) Rating Reiterated by Needham & Company LLC

April 22, 2023 | seekingalpha.com

Planet Labs: Profitability In Sight

April 21, 2023 | msn.com

Needham Reiterates Planet Labs PBC - (PL) Buy Recommendation

April 21, 2023 | omaha.com

Sudan army demands rivals' surrender as cease-fire runs out

April 20, 2023 | washingtonpost.com

Sudan's truce falters, as Egypt repatriates army personnel

April 20, 2023 | americanbankingnews.com

Planet Labs PBC (NYSE:PL) Shares Gap Up to $4.36

April 20, 2023 | americanbankingnews.com

Planet Labs PBC (NYSE:PL) Coverage Initiated by Analysts at Citigroup

See More Headlines

PL Price History

30 days | 90 days | 365 days | Advanced Chart

PL Company Calendar

Last Earnings: 3/29/2023
Today: 6/01/2023
Next Earnings (Confirmed): 6/08/2023
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: $7.28
High Stock Price Forecast: $10.00
Low Stock Price Forecast: $5.50
Forecasted Upside/Downside: +58.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.88
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.61)
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: -84.68%
Pretax Margin: -84.24%
Return on Equity: -26.83%
Return on Assets: -21.15%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 3.89
Quick Ratio: 3.89

Sales & Book Value

Annual Sales: $191.26 million
Price / Sales: 6.60
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $2.12 per share
Price / Book: 2.17

Miscellaneous

Outstanding Shares: 274,970,000
Free Float: 246,920,000
Market Cap: $1.26 billion
Optionable: Optionable
Beta: 0.69

Key Executives

Mr. William Spencer Marshall (Age 44)
Co-Founder, CEO & Chairman
Comp: $484.62k

Mr. Robert Henry Schingler Jr. (Age 44)
Co-Founder, Chief Strategy Officer & Director

Ms. Ashley Whitfield Fieglein Johnson (Age 51)
Chief Financial & Operating Officer
Comp: $578.19k

Mr. Kevin Weil (Age 39)
Pres of Product & Bus.
Comp: $60.26k

Mr. Christopher Genualdi
VP of Investor Relations

Ms. Amy Keating
Chief Legal Officer & Sec.

Ms. Donna Prlich
Chief Marketing Officer

Ms. Kristi Erickson
Chief People Officer

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?: 8 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 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PL shares.
View PL analyst ratings or view top-rated stocks.
What is Planet Labs PBC's stock price forecast for 2023?: 8 Wall Street analysts have issued 1-year price objectives for Planet Labs PBC's stock. Their PL share price forecasts range from $5.50 to $10.00. On average, they anticipate the company's share price to reach $7.28 in the next year. This suggests a possible upside of 58.6% 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 2023. Since then, PL stock has increased by 5.5% and is now trading at $4.59.
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 Thursday, June 8th 2023.
View our PL earnings forecast.
How can I listen to Planet Labs PBC's earnings call?: Planet Labs PBC will be holding an earnings conference call on Thursday, June 8th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.
How were Planet Labs PBC's earnings last quarter?: Planet Labs PBC (NYSE:PL) posted its quarterly earnings data on Wednesday, March, 29th. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.02. The company earned $52.98 million during the quarter, compared to analysts' expectations of $52.56 million. Planet Labs PBC had a negative trailing twelve-month return on equity of 26.83% and a negative net margin of 84.68%. The firm's quarterly revenue was up 42.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.26) earnings per share.
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), Changebridge Select Equity ETF (CBSE), SPDR S&P Kensho Final Frontiers ETF (ROKT), Changebridge Long/Short Equity ETF (CBLS), Direxion Moonshot Innovators ETF (MOON), Putnam Sustainable Future ETF (PFUT), SPDR Kensho Future Security ETF (FITE) and Fidelity Sustainable U.S. Equity ETF (FSST).
What guidance has Planet Labs PBC issued on next quarter's earnings?: Planet Labs PBC issued an update on its FY 2024 earnings guidance on Wednesday, March, 29th. The company provided EPS guidance of for the period. The company issued revenue guidance of $248.00 million-$268.00 million, compared to the consensus revenue estimate of $259.03 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 a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (4.93%), State Street Corp (1.72%), Geode Capital Management LLC (1.26%), Next Century Growth Investors LLC (0.91%), Charles Schwab Investment Management Inc. (0.53%) and Putnam Investments LLC (0.46%). 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 $4.59.
How much money does Planet Labs PBC make?: Planet Labs PBC (NYSE:PL) has a market capitalization of $1.26 billion and generates $191.26 million in revenue each year. The company earns $-161,970,000.00 in net income (profit) each year or ($0.61) 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 6/1/2023 by MarketBeat.com Staff

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