1 week Ago By Defense World Staff
Planet Labs PBC ( NYSE:PL – Get Free Report )’s stock price traded down 6.2% during mid-day trading on Friday . The company traded as low as $3.
07 and last traded at $3.15. 791,567 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 3,456,487 shares.
The stock had previously closed at $3.36. Wall Street Analysts Forecast Growth Several equities research analysts have weighed in on PL shares.
The Goldman Sachs Group restated a “neutral” rating and set a $3.50 target price (down from $6.00) on shares of Planet Labs PBC in a research note on Friday.
JMP Securities lifted their target price on Planet Labs PBC from $4.50 to $6.50 and gave the company a “market outperform” rating in a research report on Thursday, January 30th.
Citigroup raised their price target on shares of Planet Labs PBC from $4.05 to $5.00 and gave the company a “buy” rating in a research note on Monday, December 16th.
Cantor Fitzgerald reiterated an “overweight” rating and set a $6.30 price objective on shares of Planet Labs PBC in a research report on Friday, March 21st. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Planet Labs PBC from $4.
00 to $4.50 and gave the company a “buy” rating in a research report on Tuesday, December 17th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock.
According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $5.98. Get Our Latest Research Report on Planet Labs PBC Planet Labs PBC Stock Performance Planet Labs PBC ( NYSE:PL – Get Free Report ) last issued its quarterly earnings results on Thursday, March 20th.
The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.
06). Planet Labs PBC had a negative return on equity of 24.16% and a negative net margin of 48.
88%. The firm had revenue of $61.55 million during the quarter, compared to analyst estimates of $61.
89 million. During the same quarter last year, the firm posted ($0.06) EPS.
As a group, equities analysts predict that Planet Labs PBC will post -0.37 earnings per share for the current fiscal year. Institutional Inflows and Outflows Hedge funds have recently made changes to their positions in the business.
Xponance Inc. increased its position in Planet Labs PBC by 12.0% in the 4th quarter.
Xponance Inc. now owns 14,959 shares of the company’s stock valued at $60,000 after buying an additional 1,608 shares in the last quarter. Summit Investment Advisors Inc.
raised its holdings in Planet Labs PBC by 19.9% during the fourth quarter. Summit Investment Advisors Inc.
now owns 22,577 shares of the company’s stock worth $91,000 after buying an additional 3,753 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Planet Labs PBC by 4.
9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 122,655 shares of the company’s stock worth $496,000 after acquiring an additional 5,785 shares during the last quarter.
Sterling Capital Management LLC lifted its position in Planet Labs PBC by 790.6% in the 4th quarter. Sterling Capital Management LLC now owns 6,840 shares of the company’s stock valued at $28,000 after acquiring an additional 6,072 shares in the last quarter.
Finally, Rhumbline Advisers boosted its stake in Planet Labs PBC by 2.3% during the 1st quarter. Rhumbline Advisers now owns 293,950 shares of the company’s stock valued at $994,000 after purchasing an additional 6,692 shares during the last quarter.
41.71% of the stock is owned by institutional investors. Planet Labs PBC Company Profile ( 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. Featured Articles Five stocks we like better than Planet Labs PBC What Makes a Stock a Good Dividend Stock? Robinhood Strategies Could Be a Game-Changer for Young Investors How to Choose Top Rated Stocks Are These 3 Retail Stocks Oversold or Really in Trouble? What Are Dividend Contenders? Investing in Dividend Contenders IONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are Ahead 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 .
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