Arete Wealth Advisors LLC Has $519,000 Holdings in Planet Labs PBC $PL

Arete Wealth Advisors LLC grew its holdings in Planet Labs PBC (NYSE:PL) by 21.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 153,479 shares of the company’s stock after purchasing an additional 26,625 shares during the quarter. Arete Wealth Advisors LLC owned approximately 0.05% of Planet Labs PBC worth $519,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Mackenzie Financial Corp raised its position in shares of Planet Labs PBC by 32.1% during the 1st quarter. Mackenzie Financial Corp now owns 13,364 shares of the company’s stock valued at $45,000 after acquiring an additional 3,245 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Planet Labs PBC by 4.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 122,655 shares of the company’s stock valued at $496,000 after purchasing an additional 5,785 shares during the last quarter. Rhumbline Advisers lifted its stake in Planet Labs PBC by 2.3% in the first quarter. Rhumbline Advisers now owns 293,950 shares of the company’s stock valued at $994,000 after buying an additional 6,692 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in Planet Labs PBC by 143.1% during the first quarter. Caitong International Asset Management Co. Ltd now owns 13,249 shares of the company’s stock worth $45,000 after buying an additional 7,799 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new position in shares of Planet Labs PBC during the 1st quarter worth about $37,000. Institutional investors and hedge funds own 41.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on PL shares. JMP Securities increased their price target on shares of Planet Labs PBC from $8.00 to $11.00 and gave the company a “market outperform” rating in a research report on Tuesday. The Goldman Sachs Group assumed coverage on shares of Planet Labs PBC in a report on Monday, June 30th. They issued a “neutral” rating and a $4.60 target price on the stock. Wedbush boosted their price target on shares of Planet Labs PBC from $5.00 to $7.00 and gave the company an “outperform” rating in a report on Thursday, June 5th. Citigroup reaffirmed an “outperform” rating on shares of Planet Labs PBC in a research note on Tuesday. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $8.50 target price (up from $6.30) on shares of Planet Labs PBC in a report on Tuesday, June 24th. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Planet Labs PBC presently has a consensus rating of “Moderate Buy” and an average price target of $7.56.

Planet Labs PBC Stock Down 0.8%

Shares of PL stock opened at $8.95 on Thursday. Planet Labs PBC has a 12-month low of $1.84 and a 12-month high of $9.71. The firm has a fifty day moving average of $6.79 and a 200-day moving average of $5.03. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of -29.82 and a beta of 1.81.

Planet Labs PBC (NYSE:PL) last announced its earnings results on Monday, September 8th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). Planet Labs PBC had a negative return on equity of 20.25% and a negative net margin of 34.46%.The company had revenue of $73.39 million during the quarter, compared to analyst estimates of $65.88 million. During the same period in the previous year, the company posted ($0.06) earnings per share. Planet Labs PBC’s revenue for the quarter was up 20.1% on a year-over-year basis. Planet Labs PBC has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, equities analysts expect that Planet Labs PBC will post -0.37 EPS for the current year.

Planet Labs PBC Company Profile

Planet Labs PBC engages in the design, construction, and launch constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform worldwide. The company’s platform offers planet monitoring, basemap, tasking, apps, and application programming interfaces, as well as analytics and planetary variables.