Planet Labs PBC (NYSE:PL) Expected to Earn Q1 2025 Earnings of ($0.11) Per Share

Planet Labs PBC (NYSE:PL) – Wedbush lifted their Q1 2025 earnings per share (EPS) estimates for shares of Planet Labs PBC in a report issued on Monday, April 1st. Wedbush analyst D. Ives now expects that the company will post earnings per share of ($0.11) for the quarter, up from their previous estimate of ($0.12). The consensus estimate for Planet Labs PBC’s current full-year earnings is ($0.42) per share. Wedbush also issued estimates for Planet Labs PBC’s Q2 2025 earnings at ($0.09) EPS, Q3 2025 earnings at ($0.08) EPS, Q4 2025 earnings at ($0.07) EPS, FY2025 earnings at ($0.34) EPS and FY2026 earnings at ($0.15) EPS.

PL has been the topic of several other reports. Benchmark lowered their price target on Planet Labs PBC from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Tuesday. JMP Securities lowered their price target on Planet Labs PBC from $5.50 to $4.00 and set a “market outperform” rating on the stock in a report on Monday, April 1st. Needham & Company LLC reissued a “buy” rating and set a $7.00 price target on shares of Planet Labs PBC in a report on Monday, April 1st. Citigroup lowered their price target on Planet Labs PBC from $4.50 to $3.90 and set a “buy” rating on the stock in a report on Thursday. Finally, Craig Hallum cut Planet Labs PBC from a “buy” rating to a “hold” rating and set a $3.00 price target on the stock. in a report on Friday, December 8th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $5.10.

Planet Labs PBC Trading Up 1.0 %

Shares of PL opened at $2.10 on Thursday. The business’s fifty day simple moving average is $2.26 and its two-hundred day simple moving average is $2.33. Planet Labs PBC has a 12 month low of $1.99 and a 12 month high of $5.00. The company has a market cap of $604.02 million, a price-to-earnings ratio of -4.12 and a beta of 0.79.

Institutional Investors Weigh In On Planet Labs PBC

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Planet Labs PBC by 175.6% during the third quarter. Vanguard Group Inc. now owns 16,887,991 shares of the company’s stock valued at $91,702,000 after purchasing an additional 10,759,901 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Planet Labs PBC during the first quarter valued at approximately $23,671,000. State Street Corp raised its stake in shares of Planet Labs PBC by 580.7% during the second quarter. State Street Corp now owns 4,064,196 shares of the company’s stock valued at $17,598,000 after acquiring an additional 3,467,126 shares in the last quarter. Frontier Capital Management Co. LLC bought a new stake in shares of Planet Labs PBC during the second quarter valued at approximately $4,344,000. Finally, Voya Investment Management LLC raised its stake in shares of Planet Labs PBC by 161.2% during the fourth quarter. Voya Investment Management LLC now owns 2,020,521 shares of the company’s stock valued at $4,991,000 after acquiring an additional 1,246,940 shares in the last quarter. 41.71% of the stock is owned by institutional investors.

Planet Labs PBC Company Profile

Planet Labs PBC designs, constructs, and launches constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform worldwide. The company offers planet monitoring, basemap, tasking, apps, variables, hyperspectral, analytic feeds, and platform, as well as planet professional services including launch program, architectural workshop, planet training, integration and data services, and quick start services; and technical support services, which includes planet help center, developer resource center, and planet community and university.