Planet Labs PBC (NYSE:PL) Stock Has Consensus Target Price of $32.77

Planet Labs PBC (NYSE:PL) has received an average recommendation of “Hold” from the thirteen analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $32.77.

Several analysts recently weighed in on the stock. Craig Hallum set a $35.00 target price on shares of Planet Labs PBC in a report on Friday, September 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Planet Labs PBC in a research note on Tuesday, September 8th. Citigroup downgraded Planet Labs PBC from a “market perform” rating to a “hold” rating in a report on Friday, September 4th. Zacks Research raised Planet Labs PBC from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 2nd. Finally, Citizens Jmp restated a “market perform” rating on shares of Planet Labs PBC in a report on Friday, September 4th.

Insider Activity at Planet Labs PBC

In other news, Director John W. Raymond sold 6,494 shares of Planet Labs PBC stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $26.16, for a total value of $169,883.04. Following the completion of the transaction, the director owned 37,114 shares in the company, valued at approximately $970,902.24. This trade represents a 14.89% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Ashley Johnson sold 75,035 shares of Planet Labs PBC stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $22.08, for a total transaction of $1,656,772.80. Following the completion of the transaction, the chief financial officer owned 1,132,122 shares of the company’s stock, valued at $24,997,253.76. This represents a 6.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 279,025 shares of company stock worth $5,978,941. Company insiders own 16.42% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Tidal Investments LLC increased its holdings in shares of Planet Labs PBC by 5,339.2% in the 2nd quarter. Tidal Investments LLC now owns 1,591,020 shares of the company’s stock valued at $52,710,000 after acquiring an additional 1,561,769 shares during the period. WINTON GROUP Ltd grew its position in Planet Labs PBC by 1,802.0% during the 2nd quarter. WINTON GROUP Ltd now owns 194,008 shares of the company’s stock worth $6,427,000 after purchasing an additional 183,808 shares during the last quarter. Baird Financial Group Inc. grew its position in Planet Labs PBC by 3.5% during the 2nd quarter. Baird Financial Group Inc. now owns 580,322 shares of the company’s stock worth $19,226,000 after purchasing an additional 19,760 shares during the last quarter. Arizona State Retirement System grew its position in Planet Labs PBC by 1.0% during the 2nd quarter. Arizona State Retirement System now owns 68,998 shares of the company’s stock worth $2,286,000 after purchasing an additional 705 shares during the last quarter. Finally, Nykredit A S acquired a new position in Planet Labs PBC in the second quarter valued at $302,000. Institutional investors and hedge funds own 41.71% of the company’s stock.

Planet Labs PBC Stock Up 7.6%

Shares of NYSE:PL opened at $17.62 on Friday. Planet Labs PBC has a 52-week low of $10.52 and a 52-week high of $51.76. The stock has a market cap of $6.41 billion, a P/E ratio of -16.02 and a beta of 2.10. The business has a fifty day moving average of $20.42 and a two-hundred day moving average of $29.32. The company has a quick ratio of 2.82, a current ratio of 2.84 and a debt-to-equity ratio of 0.79.

Planet Labs PBC (NYSE:PL) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. The business had revenue of $116.05 million during the quarter, compared to the consensus estimate of $104.53 million. Planet Labs PBC had a negative net margin of 95.13% and a negative return on equity of 93.11%. The business’s revenue was up 58.2% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.07) EPS. On average, research analysts expect that Planet Labs PBC will post -0.91 earnings per share for the current year.

More Planet Labs PBC News

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

• Positive Sentiment: Broad space-sector rally: Planet Labs rose alongside Rocket Lab and AST SpaceMobile as buying spread across publicly traded space companies, providing a favorable momentum backdrop for PL. Space Stocks Rally as Buying Spreads Across the Pure Plays
• Positive Sentiment: Capacity expansion and backlog support: Planet’s Berlin facility is expected to roughly double satellite manufacturing capacity, while the company enters fiscal 2027’s second half with approximately $815 million in backlog and more than $4 billion in potential satellite-services opportunities. These figures strengthen revenue visibility if demand converts into contracts. Planet Labs Scales European Manufacturing With Berlin Facility Can Planet Labs Turn Backlog Visibility Into Sustained Momentum?
• Positive Sentiment: New AI and environmental-data initiative: Planet launched Amazon.ia, a multi-partner program using satellite data, science and AI to support biodiversity protection and restoration in the Amazon. The initiative, backed in part by more than $14 million from the Bezos Earth Fund, highlights potential applications for Planet’s data platform. Planet Announces Amazon.ia
• Neutral Sentiment: Industry validation: Google’s accelerated satellite-based AI data-center experiment could increase investor interest in space infrastructure and satellite data, although it is not a Planet Labs contract or direct revenue announcement. Google Moves Up its Space Data Center Timeline
• Negative Sentiment: Insider selling and guidance concerns: A co-founder sold roughly 106,000 shares worth about $1.8 million, potentially weighing on sentiment. Separately, earlier softer guidance had offset a revenue beat, underscoring execution and profitability risks. Planet Labs Co-Founder Share Sale

About Planet Labs PBC

Planet Labs PBC is an Earth-imaging and geospatial data company that operates a constellation of satellites designed to provide frequent imagery of the planet’s landmass. The company collects, processes and delivers satellite imagery and related data products through cloud-based platforms and application programming interfaces.

Its offerings include PlanetScope imagery for broad-area monitoring, SkySat imagery for higher-resolution observation, and specialized products that support change detection, mapping and environmental analysis.