Planet Labs PBC (PL) Stock Price, News & Analysis

Company Overview

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. It serves agriculture, mapping, energy, forestry, finance and insurance companies, and government agencies. The company was founded in 2010 and is headquartered in San Francisco, California.

Key Stats

• Today's Range: $3.17 to $3.26
• 50-Day Range: $2.05 to $3.18
• 52-Week Range: $1.67 to $3.30
• Volume: 276,213 shs
• Average Volume: 1.79 million shs
• Market Capitalization: $950.88 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $3.93
• Consensus Rating: Moderate Buy

Planet Labs PBC Stock Analysis - MarketRank™

Planet Labs PBC scored higher than 65% of companies evaluated by MarketBeat, and ranked 433rd out of 651 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Planet Labs PBC has received a consensus rating of Moderate Buy. The company's average rating score is 2.86, and is based on 6 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Planet Labs PBC has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Planet Labs PBC are expected to grow in the coming year, from ($0.41) to ($0.34) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Planet Labs PBC is -6.68, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Planet Labs PBC is -6.68, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Planet Labs PBC has a P/B Ratio of 1.75. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.02% of the float of Planet Labs PBC has been sold short.

Short Interest Ratio / Days to Cover

Planet Labs PBC has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Planet Labs PBC has recently decreased by 7.06%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Planet Labs PBC does not currently pay a dividend.

Dividend Growth

Planet Labs PBC does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.02% of the float of Planet Labs PBC has been sold short.

Short Interest Ratio / Days to Cover

Planet Labs PBC has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Planet Labs PBC has recently decreased by 7.06%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.39

News Sentiment

Planet Labs PBC has a news sentiment score of 0.39. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for Planet Labs PBC this week, compared to 6 articles on an average week.

Search Interest

28 people have searched for PL on MarketBeat in the last 30 days. This is an increase of 367% compared to the previous 30 days.

MarketBeat Follows

Only 6 people have added Planet Labs PBC to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Planet Labs PBC insiders have not sold or bought any company stock.

Percentage Held by Insiders

18.79% of the stock of Planet Labs PBC is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

41.71% of the stock of Planet Labs PBC is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PL Stock Analysis - Frequently Asked Questions

How have PL shares performed this year?

Planet Labs PBC's stock was trading at $2.47 at the start of the year. Since then, PL shares have increased by 27.1% and is now trading at $3.14.
View the best growth stocks for 2024 here.

How were Planet Labs PBC's earnings last quarter?

Planet Labs PBC (NYSE:PL) announced its quarterly earnings results on Thursday, September, 5th. The company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by $0.02. The company earned $61.09 million during the quarter, compared to analyst estimates of $61.57 million. Planet Labs PBC had a negative net margin of 57.71% and a negative trailing twelve-month return on equity of 26.87%.

Who are Planet Labs PBC's major shareholders?

Top institutional shareholders of Planet Labs PBC include Geode Capital Management LLC (1.66%), State Street Corp (1.46%), ArrowMark Colorado Holdings LLC (0.62%) and Charles Schwab Investment Management Inc. (0.59%). Insiders that own company stock include Ashley F Johnson, William Spencer Marshall, Kevin Weil and Masi Niccolo De.
View institutional ownership trends.

How do I buy shares of Planet Labs PBC?

Shares of PL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Planet Labs PBC own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Planet Labs PBC investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Adobe (ADBE), Arista Networks (ANET), e.l.f. Beauty (ELF) and Jabil (JBL).

Company Calendar

• Last Earnings: 9/05/2024
• Today: 11/21/2024
• Next Earnings (Estimated): 12/05/2024
• Fiscal Year End: 1/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Radio & t.v. communications equipment
• Sub-Industry: N/A
• Current Symbol: NYSE:PL
• CUSIP: N/A
• CIK: 1836833
• Web: www.planet.com
• Phone: 415-829-3313
• Fax: N/A
• Employees: 1,180
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $3.93
• High Stock Price Target: $5.00
• Low Stock Price Target: $2.50
• Potential Upside/Downside: +25.1%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.86
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.47)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-140,510,000.00
• Net Margins: -57.71%
• Pretax Margin: -57.17%
• Return on Equity: -26.87%
• Return on Assets: -19.80%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 2.34
• Quick Ratio: 2.34

Sales & Book Value

• Annual Sales: $235.76 million
• Price / Sales: 3.91
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.79 per share
• Price / Book: 1.75

Miscellaneous

• Outstanding Shares: 293,476,000
• Free Float: 238,332,000
• Market Cap: $921.51 million
• Optionable: Optionable
• Beta: 0.97