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

7 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 6 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 target for 2024?

7 analysts have issued 1 year price objectives for Planet Labs PBC's shares. Their PL share price targets range from $3.00 to $7.00. On average, they expect the company's share price to reach $4.68 in the next year. This suggests a possible upside of 166.5% 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 beginning of the year. Since then, PL shares have decreased by 28.9% and is now trading at $1.7550. View the best growth stocks for 2024 here .

When is Planet Labs PBC's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 13th 2024. View our PL earnings forecast .

How were Planet Labs PBC's earnings last quarter?

Planet Labs PBC (NYSE:PL) posted its earnings results on Wednesday, March, 29th. The company reported ($0.14) earnings per share 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 the consensus estimate of $52.56 million. Planet Labs PBC had a negative trailing twelve-month return on equity of 26.14% and a negative net margin of 63.67%. The firm's revenue was up 42.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($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) 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 updated its first quarter 2025 earnings guidance on Thursday, March, 28th. The company provided EPS guidance of for the period. The company issued revenue guidance of $58.0 million-$61.0 million, compared to the consensus revenue estimate of $60.3 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 institutional and retail investors. Top institutional investors include Penbrook Management LLC (0.15%), 180 Wealth Advisors LLC (0.05%) and Banque Cantonale Vaudoise (0.01%). 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 .

NYSE:PL

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

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$1.76

0.00 (0.00%)

(As of 04/18/2024 ET)

Compare

Today's Range: $1.74
▼
$1.84
50-Day Range: $1.72
▼
$2.56
52-Week Range: $1.71
▼
$5.00

Volume: 1.36 million shs
Average Volume: 1.69 million shs
Market Capitalization: $510.04 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $4.68

Get Planet Labs PBC alerts:

Planet Labs PBC MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.86 Rating Score
Upside/Downside: 166.5% Upside
$4.68 Price Target
Short Interest: Bearish
4.03% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.23
Based on 9 Articles This Week
Insider Trading: Selling Shares
$7,020 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.41) to ($0.28) 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.

3.32 out of 5 stars

Computer And Technology Sector

297th out of 584 stocks

Radio & T.V. Communications Equipment Industry

10th out of 19 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 2.86, and is based on 6 buy ratings, 1 hold rating, and no sell ratings.
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
4.03% 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.
Change versus previous month
Short interest in Planet Labs PBC has recently increased by 4.80%, indicating that investor sentiment is decreasing.

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.

2.1

News and Social Media Coverage

News Sentiment
Planet Labs PBC has a news sentiment score of -0.23. 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 9 news articles for Planet Labs PBC this week, compared to 5 articles on an average week.
Search Interest
16 people have searched for PL on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.
MarketBeat Follows
11 people have added Planet Labs PBC to their MarketBeat watchlist in the last 30 days. This is an increase of 120% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Planet Labs PBC insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $7,020.00 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
41.71% 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.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Planet Labs PBC are expected to grow in the coming year, from ($0.41) to ($0.28) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Planet Labs PBC is -3.44, 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 -3.44, 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 0.98. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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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

April 18, 2024 | marketbeat.com

Planet Labs Soars Fueled by AI Data Demand

Artificial intelligence (AI) is propping up the computer and technology sector, but it's also helping many other industries involved in collecting, procuring and providing real-time data. Planet Labs PBC NYSE: PL, which was started by NASA scientists in 2010, operates a network of over 200 satellites that provides planetary data around the clock for many industries.

April 18, 2024 | marketbeat.com

Planet Labs Soars Fueled by AI Data Demand

AI requires oceans of data to train models, and this insatiable demand for data has been driving revenues higher for Planet Labs.

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 16, 2024 | americanbankingnews.com

Planet Labs PBC (NYSE:PL) Reaches New 1-Year Low After Analyst Downgrade

April 14, 2024 | americanbankingnews.com

The Goldman Sachs Group Lowers Planet Labs PBC (NYSE:PL) Price Target to $4.20

April 11, 2024 | investorplace.com

7 Non-Pharma Penny Stocks on the Brink of 100% Gains

April 9, 2024 | businesswire.com

Planet Announces Planet Insights Platform with Powerful Tooling for Unlocking Earth Observation Data

April 7, 2024 | msn.com

Gaza buildings and land decimated in 6 months of war

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

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April 5, 2024 | markets.businessinsider.com

Navigating 4 Analyst Ratings For Planet Labs

April 2, 2024 | marketwatch.com

Planet Labs Shares Drop 11% After Outlook Disappoints

April 2, 2024 | markets.businessinsider.com

Analysts Offer Insights on Industrial Goods Companies: 3M (MMM), Planet Labs PBC (PL) and General Dynamics (GD)

April 1, 2024 | finance.yahoo.com

Planet Labs PBC (NYSE:PL) Q4 2024 Earnings Call Transcript

April 1, 2024 | markets.businessinsider.com

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

April 1, 2024 | markets.businessinsider.com

Buy Rating Affirmed for Planet Labs PBC Amid Strong Financials and Strategic Sales Execution

April 1, 2024 | msn.com

Why Shares of Planet Labs Are Plunging Today

April 1, 2024 | markets.businessinsider.com

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

April 1, 2024 | theguardian.com

‘Ecocide in Gaza’: does scale of environmental destruction amount to a war crime?

March 31, 2024 | investorplace.com

3 Space Stocks to Buy Before the 2024 Total Solar Eclipse

March 30, 2024 | finanznachrichten.de

Planet Labs PBC Reports Financial Results for Fourth Quarter and Full Fiscal Year 2024

March 30, 2024 | seekingalpha.com

Planet Labs PBC (PL) Q4 2024 Earnings Call Transcript

March 30, 2024 | finance.yahoo.com

Planet Labs PBC Full Year 2024 Earnings: EPS Beats Expectations

March 29, 2024 | msn.com

Buffer Zone and Control Corridor: What Israeli Army's Entrenchment in Gaza Looks Like

March 29, 2024 | msn.com

Satellite images expose UAE's new military site in Yemeni waters amid maritime conflict

March 29, 2024 | msn.com

'Only Murders' fans: Steve Martin's full life on display in Apple TV+ doc 'Steve!'

March 29, 2024 | finance.yahoo.com

Q4 2024 Planet Labs PBC Earnings Call

March 29, 2024 | seekingalpha.com

Planet Labs PBC 2024 Q4 - Results - Earnings Call Presentation

See More Headlines

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Company Calendar

Last Earnings: 3/29/2023
Today: 4/19/2024
Next Earnings (Estimated): 6/13/2024
Fiscal Year End: 1/31/2025

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Computer and Technology
Industry: Radio & t.v. communications equipment
Sub-Industry: N/A
Current Symbol: NYSE:PL
CUSIP: N/A
CIK: 1836833
Web: www.planet.com
Phone: 415-829-3313
Fax: N/A
Employees: 1,180
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $4.68
High Stock Price Target: $7.00
Low Stock Price Target: $3.00
Potential Upside/Downside: +166.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.86
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.51)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-140,510,000.00
Net Margins: -63.67%
Pretax Margin: -63.30%
Return on Equity: -26.14%
Return on Assets: -19.66%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.71
Quick Ratio: 2.71

Sales & Book Value

Annual Sales: $220.70 million
Price / Sales: 2.31
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.79 per share
Price / Book: 0.98

Miscellaneous

Outstanding Shares: 290,620,000
Free Float: 257,228,000
Market Cap: $510.04 million
Optionable: Optionable
Beta: 0.79

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Key Executives

Mr. William Spencer Marshall (Age 45)
Co-Founder, CEO & Chairman of the Board
Comp: $610.28k
Mr. Robert Henry Schingler Jr. (Age 45)
Co-Founder, Chief Strategy Officer & Director
Comp: $495.91k
Ms. Ashley Whitfield Fieglein Johnson (Age 52)
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 40)
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?: 7 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 6 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 target for 2024?: 7 analysts have issued 1 year price objectives for Planet Labs PBC's shares. Their PL share price targets range from $3.00 to $7.00. On average, they expect the company's share price to reach $4.68 in the next year. This suggests a possible upside of 166.5% 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 beginning of the year. Since then, PL shares have decreased by 28.9% and is now trading at $1.7550.
View the best growth stocks for 2024 here.
When is Planet Labs PBC's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, June 13th 2024.
View our PL earnings forecast.
How were Planet Labs PBC's earnings last quarter?: Planet Labs PBC (NYSE:PL) posted its earnings results on Wednesday, March, 29th. The company reported ($0.14) earnings per share 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 the consensus estimate of $52.56 million. Planet Labs PBC had a negative trailing twelve-month return on equity of 26.14% and a negative net margin of 63.67%. The firm's revenue was up 42.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($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) 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 updated its first quarter 2025 earnings guidance on Thursday, March, 28th. The company provided EPS guidance of for the period. The company issued revenue guidance of $58.0 million-$61.0 million, compared to the consensus revenue estimate of $60.3 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 institutional and retail investors. Top institutional investors include Penbrook Management LLC (0.15%), 180 Wealth Advisors LLC (0.05%) and Banque Cantonale Vaudoise (0.01%). 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 4/19/2024 by MarketBeat.com Staff

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

Planet Labs PBC MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Planet Labs PBC Stock (NYSE:PL)

PL Stock Price History

PL Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

PL Stock Analysis - Frequently Asked Questions

Overall MarketRank^™