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Planet Labs PBC (NYSE:PL) Gets Average “Moderate Buy” Rating from Analysts

Planet Labs PBC (NYSE:PL) Gets Average “Moderate Buy” Rating from Analysts


Planet Labs PBC (NYSE:PLGet a Free Report) has received a consensus recommendation of “Moderate Buy” from the seven brokerage firms currently following the stock, Market breakout reports. One investment analyst has rated the stock with a hold rating, while six have issued a buy rating for the company. The average 12-month price target among brokerages that have reported on the stock in the last year is $4.30.

A number of research firms have issued reports on PL. Benchmark lowered their target price on Planet Labs PBC from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Tuesday, April 2. JMP Securities reiterated their “market perform” rating on shares of Planet Labs PBC and set a $4.00 target price in a research note on Thursday, June 27. Craig Hallum lowered their target price on Planet Labs PBC from $3.00 to $2.00 and set a “hold” rating on the stock in a research note on Friday, June 7. Citigroup lowered their target price on Planet Labs PBC from $4.50 to $3.90 and set a “buy” rating on the stock in a research note on Thursday, April 4. Finally, Goldman Sachs Group lowered their price target on shares of Planet Labs PBC from $4.80 to $4.20 and set a “buy” rating on the stock in a research note on Friday, April 12.

View Our Latest Research Report on PL

Planet Labs PBC Price Performance

Planet Labs PBC stock It opened at $1.77 on Wednesday. The company has a market cap of $514.66 million, a P/E ratio of -3.69, and a beta of 0.97. The company’s fifty-day moving average is $1.90, and its two-hundred-day moving average is $2.09. Planet Labs PBC has a 12-month low of $1.67 and a 12-month high of $3.77.

Planet Labs PBC (NYSE:PLGet a Free Report) released its latest quarter earnings data on Thursday, June 6th. The company reported ($0.10) EPS for the quarter, missing analysts’ ($0.08) consensus estimates of ($0.02). The business had revenue of $60.44 million during the quarter, while analysts’ estimates of $59.80 million were negative. Planet Labs PBC had a return on equity of 25.89% and a net margin of 59.26%. In the same period in the previous year, the company earned ($0.13) EPS. Equities research analysts forecast that Planet Labs PBC will report -0.4 earnings per share for the current year.

Institutional Investors Join Planet Labs PBC

Hedge funds and other institutional investors have recently bought and sold shares of the company. Xponance Inc. bought a new stake in Planet Labs PBC in the fourth quarter worth about $25,000. Bleakley Financial Group LLC bought a new position in Planet Labs PBC in the fourth quarter worth about $28,000. Simplicity Solutions LLC bought a new position in Planet Labs PBC in the fourth quarter worth about $28,000. Navalign LLC bought a new position in Planet Labs PBC in the fourth quarter worth about $28,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Planet Labs PBC in the fourth quarter worth about $34,000. 41.71% of the stock is currently in the hands of institutional investors.

Planet Labs PBC Company Profile

(Get a Free Report

Planet Labs PBC designs, builds and launches satellite constellations with the goal of providing high-speed geospatial data to customers via a worldwide online platform. The company’s platform provides planetary tracking, base mapping, tasking, applications and application programming interfaces, as well as analytics and planetary variables.

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