Citizens Jmp Reaffirms Market Perform Rating for Planet Labs PBC (NYSE:PL)

Planet Labs PBC (NYSE:PL)‘s stock had its “market perform” rating reiterated by equities research analysts at Citizens Jmp in a report released on Friday, Benzinga reports.

Several other equities research analysts also recently weighed in on the stock. Craig Hallum upped their price objective on shares of Planet Labs PBC from $36.00 to $49.00 and gave the stock a “buy” rating in a report on Friday, June 5th. Zacks Research raised shares of Planet Labs PBC from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 2nd. Weiss Ratings upgraded shares of Planet Labs PBC from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 15th. Citigroup reaffirmed a “market perform” rating on shares of Planet Labs PBC in a research note on Friday. Finally, New Street Research upgraded Planet Labs PBC from a “sell” rating to a “neutral” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Planet Labs PBC presently has a consensus rating of “Hold” and a consensus target price of $33.56.

Planet Labs PBC Stock Performance

Shares of PL stock opened at $18.76 on Friday. Planet Labs PBC has a 12-month low of $6.26 and a 12-month high of $51.76. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.81 and a quick ratio of 2.78. The firm has a market capitalization of $6.69 billion, a price-to-earnings ratio of -16.02 and a beta of 2.10. The business has a 50 day simple moving average of $23.84 and a 200 day simple moving average of $30.12.

Planet Labs PBC (NYSE:PL) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. The company had revenue of $116.05 million during the quarter, compared to analyst estimates of $104.53 million. Planet Labs PBC had a negative return on equity of 105.29% and a negative net margin of 111.17%.The firm’s quarterly revenue was up 58.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.07) EPS. On average, equities research analysts anticipate that Planet Labs PBC will post -0.92 EPS for the current year.

Insider Activity at Planet Labs PBC

In other Planet Labs PBC news, CFO Ashley Johnson sold 75,035 shares of the business’s stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $22.08, for a total value of $1,656,772.80. Following the transaction, the chief financial officer owned 1,132,122 shares in the company, valued at $24,997,253.76. The trade was a 6.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John W. Raymond sold 6,494 shares of the firm’s stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $26.16, for a total value of $169,883.04. Following the sale, the director directly owned 37,114 shares of the company’s stock, valued at $970,902.24. This trade represents a 14.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 171,122 shares of company stock valued at $4,148,906. Insiders own 16.42% of the company’s stock.

Institutional Trading of Planet Labs PBC

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Planet Labs PBC in the 2nd quarter worth approximately $590,000. Carlson Financial Inc. acquired a new position in Planet Labs PBC in the 2nd quarter valued at $231,000. California State Teachers Retirement System raised its holdings in Planet Labs PBC by 3,265.0% in the 2nd quarter. California State Teachers Retirement System now owns 9,622,277 shares of the company’s stock worth $290,440,000 after acquiring an additional 9,336,325 shares during the period. FirstWave Capital Management LLC acquired a new position in Planet Labs PBC during the 2nd quarter worth $2,182,000. Finally, Raiffeisen Bank International AG boosted its holdings in Planet Labs PBC by 36.7% during the second quarter. Raiffeisen Bank International AG now owns 298,000 shares of the company’s stock valued at $9,321,000 after acquiring an additional 80,000 shares during the period. Institutional investors and hedge funds own 41.71% of the company’s stock.

More Planet Labs PBC News

Here are the key news stories impacting Planet Labs PBC this week:

• Positive Sentiment: Planet reported fiscal Q2 2027 revenue of $116.1 million, up 58% year over year and well above the $104.5 million consensus estimate. Adjusted EPS was $0.02, beating expectations for a $0.02 loss. Planet Reports Financial Results for Second Quarter of Fiscal Year 2027
• Positive Sentiment: The company signed a seven-figure agreement with a European defense and intelligence customer, reinforcing demand for its satellite imagery and analytics in government and defense markets. Planet Signs 7-Figure Agreement with European Defense and Intelligence Customer
• Positive Sentiment: Berenberg upgraded Planet to “strong buy,” while Needham maintained a “buy” rating and set a $40 price target, despite reducing its target from $53. These calls imply substantial potential upside from current levels.
• Neutral Sentiment: New Street Research upgraded PL from “sell” to “neutral,” signaling reduced bearishness but not a bullish recommendation.
• Negative Sentiment: Planet guided for fiscal Q3 revenue of $101 million to $105 million, below the $114.3 million analyst consensus. This near-term outlook appears to be the primary reason the stock has decreased following the earnings release.
• Negative Sentiment: Fiscal-year revenue guidance of $430 million to $441 million is broadly around consensus, but the company remains unprofitable, with a negative net margin and negative return on equity. That increases sensitivity to any slowdown in growth.

About Planet Labs PBC

Planet Labs PBC is a public benefit corporation that operates one of the largest fleets of Earth-imaging satellites, providing high-frequency, high-resolution imagery and data analytics to a broad range of industries. The company’s multi-spectral satellite constellation captures daily snapshots of the planet, enabling clients to monitor changes in agriculture, forestry, urban development, energy infrastructure and environmental conditions. Planet’s imagery platform is designed to support timely decision-making by transforming raw satellite data into actionable insights for business and government users.

Founded in 2010 by former NASA scientists Will Marshall, Robbie Schingler and Chris Boshuizen, Planet Labs grew from a small startup into a key provider in the satellite imaging sector.