Planet Labs PBC (NYSE:PL) Earns Market Perform Rating from JMP Securities

Planet Labs PBC (NYSE:PL)‘s stock had its “market perform” rating reaffirmed by research analysts at JMP Securities in a research note issued on Tuesday,Benzinga reports.

Other analysts have also recently issued reports about the company. Needham & Company LLC boosted their price target on Planet Labs PBC from $12.00 to $16.00 and gave the stock a “buy” rating in a report on Monday. Cantor Fitzgerald lifted their target price on shares of Planet Labs PBC from $8.50 to $20.00 and gave the stock an “overweight” rating in a research report on Friday, October 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of Planet Labs PBC in a report on Wednesday, October 8th. Citizens Jmp downgraded shares of Planet Labs PBC from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Finally, Citigroup reiterated an “outperform” rating on shares of Planet Labs PBC in a report on Tuesday, September 9th. Eight analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Planet Labs PBC presently has an average rating of “Moderate Buy” and an average price target of $11.26.

Planet Labs PBC Stock Performance

Shares of NYSE:PL opened at $12.48 on Tuesday. Planet Labs PBC has a 52-week low of $2.18 and a 52-week high of $16.78. The company has a market capitalization of $3.84 billion, a PE ratio of -41.59 and a beta of 1.99. The company has a fifty day moving average of $10.60 and a 200-day moving average of $6.88.

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

Insider Activity

In other news, insider Robert H. Schingler sold 81,656 shares of the company’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $15.50, for a total value of $1,265,668.00. Following the sale, the insider directly owned 1,288,843 shares of the company’s stock, valued at approximately $19,977,066.50. This represents a 5.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 17.53% of the company’s stock.

Hedge Funds Weigh In On Planet Labs PBC

Hedge funds and other institutional investors have recently bought and sold shares of the company. Iron Gate Global Advisors LLC bought a new stake in Planet Labs PBC during the first quarter valued at $36,000. HighTower Advisors LLC acquired a new position in shares of Planet Labs PBC in the 1st quarter valued at about $37,000. Wellington Shields & Co. LLC bought a new stake in shares of Planet Labs PBC during the 1st quarter valued at about $39,000. Forum Financial Management LP bought a new stake in shares of Planet Labs PBC during the 1st quarter valued at about $39,000. Finally, Mackenzie Financial Corp grew its stake in Planet Labs PBC by 32.1% during the first quarter. Mackenzie Financial Corp now owns 13,364 shares of the company’s stock worth $45,000 after purchasing an additional 3,245 shares during the period. Institutional investors and hedge funds own 41.71% of the company’s stock.

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.