Needham & Company LLC reiterated their buy rating on shares of Planet Labs PBC (NYSE:PL - Free Report) in a research report report published on Friday morning,Benzinga reports. Needham & Company LLC currently has a $5.00 price objective on the stock.
PL has been the subject of a number of other research reports. Citigroup boosted their target price on Planet Labs PBC from $4.05 to $5.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Craig Hallum lifted their price target on shares of Planet Labs PBC from $2.50 to $3.50 and gave the stock a "hold" rating in a research note on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Planet Labs PBC from $4.00 to $4.50 and gave the company a "buy" rating in a research report on Tuesday, December 17th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $4.50 target price (up previously from $4.00) on shares of Planet Labs PBC in a research report on Monday, December 9th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $4.33.
Check Out Our Latest Stock Report on PL
Planet Labs PBC Stock Performance
Shares of PL stock traded up $0.01 during mid-day trading on Friday, hitting $3.82. The company's stock had a trading volume of 2,234,605 shares, compared to its average volume of 3,017,180. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of -9.30 and a beta of 1.32. Planet Labs PBC has a 52-week low of $1.67 and a 52-week high of $4.99. The business has a 50-day moving average price of $3.80 and a 200 day moving average price of $2.78.
Institutional Trading of Planet Labs PBC
Several large investors have recently added to or reduced their stakes in PL. Algert Global LLC bought a new position in Planet Labs PBC in the second quarter worth approximately $38,000. Monterey Private Wealth Inc. purchased a new stake in shares of Planet Labs PBC in the 4th quarter worth $40,000. Valeo Financial Advisors LLC bought a new position in Planet Labs PBC in the 3rd quarter worth $45,000. Vontobel Holding Ltd. lifted its position in Planet Labs PBC by 81.5% during the third quarter. Vontobel Holding Ltd. now owns 22,270 shares of the company's stock valued at $50,000 after purchasing an additional 10,000 shares in the last quarter. Finally, nVerses Capital LLC bought a new stake in Planet Labs PBC during the third quarter valued at about $61,000. 41.71% of the stock is currently owned by institutional investors.
Planet Labs PBC Company Profile
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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.
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