Brokerages Set Planet Labs PBC (NYSE:PL) Price Target at $11.26

Planet Labs PBC (NYSE:PL) has received an average recommendation of “Moderate Buy” from the twelve research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $11.26.

PL has been the topic of several research analyst reports. Citigroup restated an “outperform” rating on shares of Planet Labs PBC in a report on Tuesday, September 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Planet Labs PBC in a report on Wednesday, October 8th. Needham & Company LLC boosted their price objective on shares of Planet Labs PBC from $12.00 to $16.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Cantor Fitzgerald upped 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 note on Friday, October 17th. Finally, Citizens Jmp downgraded Planet Labs PBC from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 21st.

Insider Transactions at Planet Labs PBC

In other Planet Labs PBC news, insider Robert H. Schingler sold 81,656 shares of the business’s stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $15.50, for a total value of $1,265,668.00. Following the sale, the insider owned 1,288,843 shares in the company, valued at approximately $19,977,066.50. The trade was a 5.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 17.53% of the company’s stock.

Institutional Trading of Planet Labs PBC

A number of hedge funds and other institutional investors have recently made changes to their positions in PL. MCF Advisors LLC acquired a new position in Planet Labs PBC during the third quarter worth $32,000. Iron Gate Global Advisors LLC acquired a new position in shares of Planet Labs PBC during the 1st quarter worth about $36,000. HighTower Advisors LLC bought a new position in shares of Planet Labs PBC in the 1st quarter valued at about $37,000. Wellington Shields & Co. LLC acquired a new stake in shares of Planet Labs PBC in the first quarter valued at about $39,000. Finally, Larson Financial Group LLC acquired a new stake in shares of Planet Labs PBC in the third quarter valued at about $39,000. 41.71% of the stock is currently owned by institutional investors and hedge funds.

Planet Labs PBC Stock Performance

NYSE:PL traded up $0.20 on Friday, reaching $11.92. The company’s stock had a trading volume of 2,046,819 shares, compared to its average volume of 7,697,959. Planet Labs PBC has a 1-year low of $2.79 and a 1-year high of $16.78. The firm has a market cap of $3.67 billion, a PE ratio of -39.72 and a beta of 1.99. The business’s 50-day moving average price is $12.98 and its two-hundred day moving average price is $8.59.

Planet Labs PBC (NYSE:PL) last released its quarterly earnings results on Monday, September 8th. The company reported ($0.07) EPS 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 business had revenue of $73.39 million for the quarter, compared to analyst estimates of $65.88 million. During the same period in the prior year, the business earned ($0.06) EPS. The company’s revenue for the quarter 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. As a group, sell-side analysts expect that Planet Labs PBC will post -0.37 EPS for the current year.

About Planet Labs PBC

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.