Planet Labs PBC (NYSE:PL) Shares Up 5.8% – Still a Buy?

Planet Labs PBC (NYSE:PL) shares traded up 5.8% on Thursday . The stock traded as high as $17.17 and last traded at $17.3310. Approximately 6,041,047 shares changed hands during trading, a decline of 50% from the average session volume of 12,068,066 shares. The stock had previously closed at $16.38.

Planet Labs PBC News Summary

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

• Positive Sentiment: Planet launched Amazon.ia – Inteligencia Ambiental, a multi-partner initiative using satellite data, science and artificial intelligence to monitor biodiversity and support conservation across the Amazon. The project, supported by the Bezos Earth Fund and other partners, strengthens Planet’s positioning in high-value environmental intelligence applications. Planet Announces Amazon.ia
• Positive Sentiment: Planet’s new Berlin facility is expected to roughly double its satellite manufacturing capacity. The expansion is intended to meet growing sovereign demand and could support additional contracts, backlog conversion and revenue growth in Europe. Planet Labs Scales European Manufacturing With Berlin Facility
• Positive Sentiment: Analysts highlighted approximately $815 million of backlog and more than $4 billion in potential satellite-services opportunities. Combined with recent revenue growth and an earnings beat, these figures provide visibility into future demand, although execution and conversion remain critical. Can Planet Labs Turn Backlog Visibility Into Sustained Momentum?
• Neutral Sentiment: Coverage comparing Planet with Redwire emphasizes expanding satellite communications, manufacturing and infrastructure capabilities across the sector, but offers no major new company-specific catalyst for PL. RDW vs. PL: Which Satellite Stock Has the Stronger Investment Case?
• Negative Sentiment: A Planet Labs co-founder sold roughly 106,000 shares valued at about $1.8 million, representing approximately 11% of the insider’s prior stake. The sale may raise concerns about insider confidence and add pressure after earlier executive selling. Planet Labs Co-Founder Share Sale
• Negative Sentiment: Recent reporting said softer guidance offset Planet’s revenue and earnings beat, limiting the market’s reaction to its 58.2% year-over-year revenue growth. In addition, SpaceX’s reduced third-party rideshare availability and higher launch prices could increase Planet’s constellation replacement costs and delay profitability. Planet Labs Stock Falls as Softer Guidance Offsets Revenue Beat

Analysts Set New Price Targets

A number of brokerages have commented on PL. New Street Research upgraded Planet Labs PBC from a “sell” rating to a “neutral” rating in a research note on Friday, September 4th. Citizens Jmp reissued a “market perform” rating on shares of Planet Labs PBC in a report on Friday, September 4th. Zacks Research upgraded Planet Labs PBC from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 2nd. Berenberg Bank assumed coverage on Planet Labs PBC in a research report on Wednesday, September 2nd. They issued a “buy” rating and a $25.00 target price on the stock. Finally, Wedbush assumed coverage on Planet Labs PBC in a research report on Wednesday, July 1st. They issued an “outperform” rating and a $50.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $32.77.

Planet Labs PBC Trading Up 6.8%

The firm has a 50-day moving average of $20.51 and a 200 day moving average of $29.37. The company has a current ratio of 2.84, a quick ratio of 2.82 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $6.37 billion, a price-to-earnings ratio of -15.94 and a beta of 2.10.

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 93.11% and a negative net margin of 95.13%.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. As a group, equities analysts predict that Planet Labs PBC will post -0.91 EPS for the current fiscal year.

Insider Buying and Selling at Planet Labs PBC

In other news, Director John W. Raymond sold 6,494 shares of the stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $26.16, for a total value of $169,883.04. Following the completion of the transaction, the director directly owned 37,114 shares in the company, valued at $970,902.24. This trade represents a 14.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert H. Schingler sold 64,593 shares of the firm’s stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $25.92, for a total transaction of $1,674,250.56. Following the transaction, the insider owned 825,541 shares in the company, valued at $21,398,022.72. This represents a 7.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 279,025 shares of company stock valued at $5,978,941. Company insiders own 16.42% of the company’s stock.

Institutional Investors Weigh In On Planet Labs PBC

Institutional investors have recently added to or reduced their stakes in the company. Pittenger & Anderson Inc. boosted its holdings in shares of Planet Labs PBC by 40.9% in the first quarter. Pittenger & Anderson Inc. now owns 1,360 shares of the company’s stock worth $38,000 after buying an additional 395 shares during the period. Wellington Shields & Co. LLC raised its holdings in shares of Planet Labs PBC by 2.8% during the fourth quarter. Wellington Shields & Co. LLC now owns 15,776 shares of the company’s stock valued at $311,000 after acquiring an additional 435 shares during the period. KBC Group NV raised its holdings in shares of Planet Labs PBC by 7.1% during the first quarter. KBC Group NV now owns 9,985 shares of the company’s stock valued at $279,000 after acquiring an additional 661 shares during the period. Arizona State Retirement System lifted its position in shares of Planet Labs PBC by 1.0% in the 2nd quarter. Arizona State Retirement System now owns 68,998 shares of the company’s stock valued at $2,286,000 after acquiring an additional 705 shares in the last quarter. Finally, American Capital Advisory LLC purchased a new stake in shares of Planet Labs PBC in the 1st quarter valued at approximately $28,000. 41.71% of the stock is currently owned by institutional investors and hedge funds.

Planet Labs PBC Company Profile

Planet Labs PBC is an Earth-imaging and geospatial data company that operates a constellation of satellites designed to provide frequent imagery of the planet’s landmass. The company collects, processes and delivers satellite imagery and related data products through cloud-based platforms and application programming interfaces.

Its offerings include PlanetScope imagery for broad-area monitoring, SkySat imagery for higher-resolution observation, and specialized products that support change detection, mapping and environmental analysis.