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 year. 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 1-year price objectives for Planet Labs PBC's stock. Their PL share price targets range from $4.00 to $8.00. On average, they predict the company's stock price to reach $5.85 in the next twelve months. This suggests a possible upside of 131.4% 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 start of the year. Since then, PL shares have decreased by 41.8% and is now trading at $2.53. 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, December 7th 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, December 7th 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) announced its earnings results on Thursday, September, 7th. The company reported ($0.14) earnings per share for the quarter, topping analysts' consensus estimates of ($0.15) by $0.01. The business earned $53.76 million during the quarter, compared to analysts' expectations of $54.04 million. Planet Labs PBC had a negative trailing twelve-month return on equity of 26.53% and a negative net margin of 71.96%.

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) .

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 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)

$2.53

+0.10 (+4.12%)

(As of 12/1/2023 ET)

Compare

Today's Range: $2.38
▼
$2.54
50-Day Range: $2.06
▼
$2.61
52-Week Range: $2.04
▼
$5.81

Volume: 1.07 million shs
Average Volume: 973,527 shs
Market Capitalization: $722.72 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: 131.4% Upside
$5.85 Price Target
Short Interest: Bearish
5.21% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.33
Based on 3 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.

2.20 out of 5 stars

Computer And Technology Sector

307th out of 594 stocks

Radio & T.V. Communications Equipment Industry

16th out of 24 stocks

4.4

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 131.4% from its current price of $2.53.
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.

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.

0.9

News and Social Media Coverage

News Sentiment
Planet Labs PBC has a news sentiment score of -0.33. 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 0.59 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Planet Labs PBC this week, compared to 4 articles on an average week.
Search Interest
Only 6 people have searched for PL on MarketBeat in the last 30 days. This is a decrease of -63% compared to the previous 30 days.
MarketBeat Follows
Only 4 people have added Planet Labs PBC to their MarketBeat watchlist in the last 30 days. This is a decrease of -43% 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 -4.52, 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 -4.52, 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 1.19. 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

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

December 3, 2023 | Wealthpress (Ad)

Trading Experts Call It “The Perfect Tesla Trade”

Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.

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

December 3, 2023 | Wealthpress (Ad)

Trading Experts Call It “The Perfect Tesla Trade”

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

October 11, 2023 | barrons.com

Destruction At The Erez Crossing

October 11, 2023 | markets.businessinsider.com

Benchmark Co. Sticks to Its Buy Rating for Planet Labs PBC (PL)

October 10, 2023 | finance.yahoo.com

Planet’s Pelican Tech Demonstration Satellite Ready for Launch

October 10, 2023 | msn.com

Hamas’ attack on Israel prompts South Korea to consider pausing military agreement with North Korea

October 6, 2023 | abcnews.go.com

Satellite images show Russia moved military ships after Ukrainian attacks

October 4, 2023 | finance.yahoo.com

Planet Gains Business Across Canadian Provincial Governments, Enabling Informed Disaster Response

October 4, 2023 | finance.yahoo.com

Bullish Planet Labs PBC Insiders Loaded Up On US$1.3m Of Stock

See More Headlines

Receive PL Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Planet Labs PBC and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings: 9/07/2023
Today: 12/02/2023
Next Earnings (Confirmed): 12/07/2023
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: +131.4%
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: $191.26 million
Price / Sales: 3.78
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $2.12 per share
Price / Book: 1.19

Miscellaneous

Outstanding Shares: 285,660,000
Free Float: 252,838,000
Market Cap: $722.72 million
Optionable: Optionable
Beta: 0.75

5G Stocks: The Path Forward is Profitable

Click the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report

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 year. 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 1-year price objectives for Planet Labs PBC's stock. Their PL share price targets range from $4.00 to $8.00. On average, they predict the company's stock price to reach $5.85 in the next twelve months. This suggests a possible upside of 131.4% 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 start of the year. Since then, PL shares have decreased by 41.8% and is now trading at $2.53.
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, December 7th 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, December 7th 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) announced its earnings results on Thursday, September, 7th. The company reported ($0.14) earnings per share for the quarter, topping analysts' consensus estimates of ($0.15) by $0.01. The business earned $53.76 million during the quarter, compared to analysts' expectations of $54.04 million. Planet Labs PBC had a negative trailing twelve-month return on equity of 26.53% and a negative net margin of 71.96%.

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).
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 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 12/3/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial