1 week Ago By Defense World Staff
Shares of Planet Labs PBC ( NYSE:PL – Get Free Report ) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $5.20 and last traded at $5.
24, with a volume of 3900344 shares. The stock had previously closed at $4.74.
Wall Street Analysts Forecast Growth A number of analysts have recently issued reports on PL shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Planet Labs PBC from $4.00 to $4.
50 and gave the company a “buy” rating in a report on Tuesday, December 17th. Craig Hallum lifted their price target on shares of Planet Labs PBC from $2.50 to $3.
50 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Needham & Company LLC restated a “buy” rating and set a $5.00 price objective on shares of Planet Labs PBC in a research note on Friday, January 17th.
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.
Finally, Cantor Fitzgerald assumed coverage on Planet Labs PBC in a report on Friday. They set an “overweight” rating and a $6.30 target price on the stock.
One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Planet Labs PBC presently has an average rating of “Moderate Buy” and an average price target of $4.
54. Read Our Latest Stock Report on PL Planet Labs PBC Trading Up 14.5 % Institutional Inflows and Outflows Several institutional investors and hedge funds have recently made changes to their positions in PL.
Algert Global LLC bought a new position in Planet Labs PBC during the 2nd quarter worth $38,000. Monterey Private Wealth Inc. bought a new position in shares of Planet Labs PBC during the fourth quarter worth about $40,000.
Valeo Financial Advisors LLC acquired a new position in shares of Planet Labs PBC in the third quarter worth approximately $45,000. Vontobel Holding Ltd. boosted its holdings in Planet Labs PBC by 81.
5% in 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.
Finally, PFG Investments LLC acquired a new stake in Planet Labs PBC during the 4th quarter valued at approximately $55,000. Institutional investors and hedge funds own 41.71% of the company’s stock.
About Planet Labs PBC ( Get Free Report ) 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. Read More Five stocks we like better than Planet Labs PBC How the NYSE and NASDAQ are Different, Why That Matters to Investors Bloom Energy: Powering the Future With Decentralized Energy Dividend Screener: How to Evaluate Dividend Stocks Before Buying Dividend Powerhouses: Blue-Chip Stocks Built for the Long Haul What is a Dividend King? Why Traders Are Buying the Dip on Johnson & Johnson Stock Receive News & Ratings for Planet Labs PBC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Planet Labs PBC and related companies with MarketBeat.
com's FREE daily email newsletter ..
