Planet Labs PBC’s (PL) Market Perform Rating Reiterated at Citizens Jmp

Planet Labs PBC (NYSE:PL)‘s stock had its “market perform” rating restated by Citizens Jmp in a report issued on Friday, Benzinga reports.

Several other research analysts have also issued reports on PL. Northland Securities set a $50.00 price target on shares of Planet Labs PBC in a research report on Friday, June 5th. Weiss Ratings upgraded shares of Planet Labs PBC from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 15th. Wedbush began coverage on shares of Planet Labs PBC in a research report on Wednesday, July 1st. They issued an “outperform” rating and a $50.00 price target on the stock. Zacks Research raised shares of Planet Labs PBC from a “strong sell” rating to a “hold” rating in a report on Thursday, July 2nd. Finally, The Goldman Sachs Group increased their price target on Planet Labs PBC from $22.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Planet Labs PBC has a consensus rating of “Hold” and a consensus target price of $33.56.

Planet Labs PBC Stock Up 2.3%

PL stock opened at $18.76 on Friday. Planet Labs PBC has a twelve month low of $6.26 and a twelve month high of $51.76. The company has a quick ratio of 2.78, a current ratio of 2.81 and a debt-to-equity ratio of 1.01. The company has a market cap of $6.69 billion, a PE ratio of -16.02 and a beta of 2.10. The business’s 50-day simple moving average is $23.84 and its 200 day simple moving average is $30.12.

Planet Labs PBC (NYSE:PL) last announced its quarterly earnings data on Thursday, September 3rd. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. The company had revenue of $116.05 million during the quarter, compared to the consensus estimate of $104.53 million. Planet Labs PBC had a negative return on equity of 105.29% and a negative net margin of 111.17%.The company’s quarterly revenue was up 58.2% on a year-over-year basis. During the same quarter last year, the company earned ($0.07) EPS. On average, research analysts anticipate that Planet Labs PBC will post -0.92 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Ashley F. Johnson sold 75,035 shares of Planet Labs PBC stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $22.08, for a total value of $1,656,772.80. Following the sale, the chief financial officer directly owned 1,132,122 shares in the company, valued at $24,997,253.76. This trade represents a 6.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert H. Schingler sold 25,000 shares of the business’s stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $25.92, for a total transaction of $648,000.00. Following the sale, the insider directly owned 225,171 shares in the company, valued at $5,836,432.32. This trade represents a 9.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 171,122 shares of company stock valued at $4,148,906. 16.42% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PL. American Capital Advisory LLC bought a new position in Planet Labs PBC during the first quarter worth about $28,000. Western Wealth Management LLC acquired a new stake in shares of Planet Labs PBC in the first quarter valued at approximately $28,000. Parkside Financial Bank & Trust boosted its stake in shares of Planet Labs PBC by 92.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,550 shares of the company’s stock valued at $31,000 after buying an additional 745 shares during the period. Pittenger & Anderson Inc. increased its stake in Planet Labs PBC by 40.9% during the 1st quarter. Pittenger & Anderson Inc. now owns 1,360 shares of the company’s stock worth $38,000 after acquiring an additional 395 shares during the period. Finally, Larson Financial Group LLC acquired a new position in Planet Labs PBC in the third quarter valued at about $39,000. 41.71% of the stock is owned by institutional investors.

Key Planet Labs PBC News

Here are the key news stories impacting Planet Labs PBC this week:

• Positive Sentiment: Planet reported fiscal Q2 2027 revenue of $116.1 million, up 58% year over year and well above the $104.5 million consensus estimate. Adjusted EPS was $0.02, beating expectations for a $0.02 loss. Planet Reports Financial Results for Second Quarter of Fiscal Year 2027
• Positive Sentiment: The company signed a seven-figure agreement with a European defense and intelligence customer, reinforcing demand for its satellite imagery and analytics in government and defense markets. Planet Signs 7-Figure Agreement with European Defense and Intelligence Customer
• Positive Sentiment: Berenberg upgraded Planet to “strong buy,” while Needham maintained a “buy” rating and set a $40 price target, despite reducing its target from $53. These calls imply substantial potential upside from current levels.
• Neutral Sentiment: New Street Research upgraded PL from “sell” to “neutral,” signaling reduced bearishness but not a bullish recommendation.
• Negative Sentiment: Planet guided for fiscal Q3 revenue of $101 million to $105 million, below the $114.3 million analyst consensus. This near-term outlook appears to be the primary reason the stock has decreased following the earnings release.
• Negative Sentiment: Fiscal-year revenue guidance of $430 million to $441 million is broadly around consensus, but the company remains unprofitable, with a negative net margin and negative return on equity. That increases sensitivity to any slowdown in growth.

Planet Labs PBC Company Profile

Planet Labs PBC is a public benefit corporation that operates one of the largest fleets of Earth-imaging satellites, providing high-frequency, high-resolution imagery and data analytics to a broad range of industries. The company’s multi-spectral satellite constellation captures daily snapshots of the planet, enabling clients to monitor changes in agriculture, forestry, urban development, energy infrastructure and environmental conditions. Planet’s imagery platform is designed to support timely decision-making by transforming raw satellite data into actionable insights for business and government users.

Founded in 2010 by former NASA scientists Will Marshall, Robbie Schingler and Chris Boshuizen, Planet Labs grew from a small startup into a key provider in the satellite imaging sector.