Public Employees Retirement System of Ohio Takes Position in Planet Labs PBC (NYSE:PL)

Public Employees Retirement System of Ohio bought a new stake in shares of Planet Labs PBC (NYSE:PL - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 182,200 shares of the company's stock, valued at approximately $406,000. Public Employees Retirement System of Ohio owned about 0.06% of Planet Labs PBC as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Valeo Financial Advisors LLC purchased a new position in Planet Labs PBC in the 3rd quarter worth about $45,000. Algert Global LLC purchased a new position in shares of Planet Labs PBC in the 2nd quarter worth approximately $38,000. 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 acquiring an additional 10,000 shares during the last quarter. nVerses Capital LLC purchased a new position in Planet Labs PBC in the third quarter worth $61,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Planet Labs PBC by 234.6% during the 2nd quarter. SG Americas Securities LLC now owns 44,442 shares of the company's stock valued at $83,000 after purchasing an additional 31,160 shares during the last quarter. 41.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PL has been the topic of several recent analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $5.00 target price on shares of Planet Labs PBC in a research report on Tuesday, December 10th. Craig Hallum lifted their target price 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. The Goldman Sachs Group cut their price target on shares of Planet Labs PBC from $3.50 to $3.10 and set a "buy" rating on the stock in a research note on Tuesday, September 10th. Citigroup lifted their price objective on shares of Planet Labs PBC from $4.05 to $5.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Planet Labs PBC from $4.00 to $4.50 and gave the company a "buy" rating in a research report on Tuesday. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Planet Labs PBC presently has an average rating of "Moderate Buy" and a consensus price target of $4.33.

Planet Labs PBC Trading Up 4.1 %

PL traded up $0.16 during midday trading on Friday, hitting $4.04. 15,128,347 shares of the company were exchanged, compared to its average volume of 2,236,560. The company's 50 day simple moving average is $3.15 and its 200 day simple moving average is $2.50. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of -9.85 and a beta of 1.34. Planet Labs PBC has a 1-year low of $1.67 and a 1-year high of $4.99.

Planet Labs PBC Profile

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.