Northland Securities Comments on Planet Labs PBC Q3 Earnings

Planet Labs PBC (NYSE:PL) – Research analysts at Northland Securities boosted their Q3 2027 earnings per share estimates for Planet Labs PBC in a report issued on Friday, September 4th. Northland Securities analyst M. Latimore now anticipates that the company will post earnings per share of ($0.07) for the quarter, up from their prior estimate of ($0.08). The consensus estimate for Planet Labs PBC’s current full-year earnings is ($0.92) per share. Northland Securities also issued estimates for Planet Labs PBC’s Q4 2027 earnings at ($0.08) EPS, FY2027 earnings at ($0.58) EPS, Q3 2028 earnings at ($0.06) EPS and Q4 2028 earnings at ($0.06) EPS.

A number of other research firms have also recently weighed in 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. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $28.00 price objective on shares of Planet Labs PBC in a research report on Tuesday. Zacks Research upgraded shares of Planet Labs PBC from a “strong sell” rating to a “hold” rating in a report on Thursday, July 2nd. Craig Hallum set a $35.00 price objective on shares of Planet Labs PBC in a research report on Friday, September 4th. Finally, Weiss Ratings upgraded shares of Planet Labs PBC from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 15th. One investment 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $32.77.

Planet Labs PBC Stock Performance

Shares of NYSE PL opened at $17.18 on Thursday. The company has a current ratio of 2.84, a quick ratio of 2.82 and a debt-to-equity ratio of 0.79. Planet Labs PBC has a 12 month low of $8.60 and a 12 month high of $51.76. The stock has a 50 day moving average of $22.81 and a 200-day moving average of $29.96. The company has a market capitalization of $6.12 billion, a P/E ratio of -15.62 and a beta of 2.10.

Planet Labs PBC (NYSE:PL) last released its quarterly earnings data on Thursday, September 3rd. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.04. Planet Labs PBC had a negative return on equity of 93.11% and a negative net margin of 95.13%.The firm had revenue of $116.05 million for the quarter, compared to analyst estimates of $104.53 million. During the same quarter in the prior year, the company earned ($0.07) earnings per share. The business’s revenue for the quarter was up 58.2% compared to the same quarter last year.

Insider Activity

In other news, CFO Ashley Johnson sold 75,035 shares of the stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $22.08, for a total transaction of $1,656,772.80. Following the transaction, the chief financial officer owned 1,132,122 shares in the company, valued at approximately $24,997,253.76. This trade represents a 6.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John W. Raymond sold 6,494 shares of Planet Labs PBC stock in a transaction that occurred on 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 approximately $970,902.24. The trade was a 14.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 171,122 shares of company stock valued at $4,148,906. 16.42% of the stock is owned by insiders.

Hedge Funds Weigh In On Planet Labs PBC

A number of hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System raised its stake 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 purchasing an additional 9,336,325 shares in the last quarter. Canada Pension Plan Investment Board grew its position in shares of Planet Labs PBC by 0.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 7,820,400 shares of the company’s stock worth $47,704,000 after purchasing an additional 20,400 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Planet Labs PBC by 320.3% during the 4th quarter. Van ECK Associates Corp now owns 7,678,938 shares of the company’s stock worth $151,429,000 after purchasing an additional 5,851,758 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Planet Labs PBC by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 5,702,642 shares of the company’s stock worth $112,475,000 after purchasing an additional 71,381 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Planet Labs PBC by 7.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 4,137,871 shares of the company’s stock worth $81,599,000 after purchasing an additional 301,757 shares during the period. 41.71% of the stock is owned by institutional investors.

Planet Labs PBC Company Profile

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.