Planet Labs PBC (NYSE:PL) Receives $27.25 Consensus PT from Analysts

Shares of Planet Labs PBC (NYSE:PL) have been given a consensus rating of “Hold” by the eleven analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $27.2455.

A number of analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Planet Labs PBC from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Cantor Fitzgerald increased their price target on Planet Labs PBC from $20.00 to $40.00 and gave the company an “overweight” rating in a research note on Friday, March 20th. Craig Hallum reaffirmed a “buy” rating and set a $30.00 price target on shares of Planet Labs PBC in a report on Tuesday, January 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Planet Labs PBC in a research report on Thursday, January 22nd. Finally, National Bank Financial set a $12.30 price objective on shares of Planet Labs PBC in a report on Tuesday, December 16th.

Planet Labs PBC Stock Up 0.2%

Shares of PL stock opened at $30.93 on Friday. The company has a debt-to-equity ratio of 2.37, a quick ratio of 1.64 and a current ratio of 1.65. The firm’s 50-day moving average is $25.76 and its 200-day moving average is $18.87. The stock has a market cap of $10.71 billion, a price-to-earnings ratio of -39.66 and a beta of 1.95. Planet Labs PBC has a 52-week low of $2.79 and a 52-week high of $37.05.

Planet Labs PBC (NYSE:PL) last issued its earnings results on Thursday, March 19th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.43). The firm had revenue of $86.82 million during the quarter, compared to analyst estimates of $78.17 million. Planet Labs PBC had a negative net margin of 80.22% and a negative return on equity of 69.61%. The company’s quarterly revenue was up 41.1% on a year-over-year basis. Sell-side analysts predict that Planet Labs PBC will post -0.37 EPS for the current year.

Insider Buying and Selling

In related news, Director Kristen Robinson sold 47,835 shares of Planet Labs PBC stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $26.96, for a total transaction of $1,289,631.60. Following the completion of the sale, the director owned 222,897 shares of the company’s stock, valued at approximately $6,009,303.12. The trade was a 17.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Ashley F. Johnson sold 150,731 shares of the company’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $27.01, for a total transaction of $4,071,244.31. Following the completion of the transaction, the chief financial officer owned 1,956,101 shares in the company, valued at approximately $52,834,288.01. This trade represents a 7.15% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 218,566 shares of company stock valued at $5,896,276. Company insiders own 17.53% of the company’s stock.

Hedge Funds Weigh In On Planet Labs PBC

Institutional investors and hedge funds have recently made changes to their positions in the company. Parkside Financial Bank & Trust lifted its holdings in Planet Labs PBC by 92.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,550 shares of the company’s stock worth $31,000 after purchasing an additional 745 shares during the last quarter. Baillie Gifford & Co. bought a new stake in Planet Labs PBC in the 4th quarter valued at $32,000. GAMMA Investing LLC grew its holdings in Planet Labs PBC by 146.4% in the 4th quarter. GAMMA Investing LLC now owns 2,011 shares of the company’s stock valued at $40,000 after buying an additional 1,195 shares in the last quarter. North Star Investment Management Corp. increased its position in Planet Labs PBC by 1,111.1% during the 4th quarter. North Star Investment Management Corp. now owns 2,180 shares of the company’s stock worth $43,000 after buying an additional 2,000 shares during the period. Finally, MCF Advisors LLC bought a new position in Planet Labs PBC during the 3rd quarter worth $32,000. Institutional investors and hedge funds own 41.71% of the company’s stock.

Key Planet Labs PBC News

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

• Positive Sentiment: Planet expanded production capacity in Berlin to serve growing European AI satellite demand — a clear revenue-growth and TAM-expansion signal that investors rewarded with recent price gains. Planet Labs Expands Berlin Production To Serve European AI Satellite Demand
• Positive Sentiment: Analyst upgrades and bullish notes (including a Morgan Stanley call) have lifted sentiment and helped push the stock to new highs; coverage momentum can attract more institutional interest. Morgan Stanley Analyst Says Stock Price Expected to Rise
• Positive Sentiment: Media pieces highlight a very strong 12‑month performance and the company delivering its first full fiscal year of profitability, reinforcing a longer-term growth + earnings narrative. Planet Labs Stock Has Risen 765% in a Year
• Neutral Sentiment: Brokerage consensus sits around “Hold,” suggesting some analysts see upside but others prefer to wait for more proof of sustainable margins and execution. Given Average Recommendation of “Hold” by Brokerages
• Neutral Sentiment: Market commentary highlights the stock’s recent strong performance and notes broader macro headlines driving short-term market volatility — useful context but not company-specific. MarketBeat Week in Review – 03/23 – 03/27
• Negative Sentiment: Planet announced redemption of all outstanding public warrants. That move removes an overhang long term but can trigger near-term selling pressure as warrant holders decide to exercise, sell or accept redemption; it also brings cap‑table and cash/financing implications that investors must parse from the redemption terms. This announcement appears to be the immediate catalyst for the intraday pullback. Planet Labs Announces Redemption of Outstanding Public Warrants Planet Announces Redemption of Public Warrants

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.