Equities research analysts at Morgan Stanley assumed coverage on shares of Planet Labs PBC (NYSE:PL – Get Rating) in a research note issued to investors on Monday, The Fly reports. The firm set an “equal weight” rating and a $6.00 price target on the stock. Morgan Stanley’s target price indicates a potential upside of 26.05% from the stock’s current price.
Separately, Deutsche Bank Aktiengesellschaft initiated coverage on Planet Labs PBC in a report on Monday, November 7th. They set a “buy” rating and a $7.00 price objective for the company.
Planet Labs PBC Stock Down 2.3 %
Planet Labs PBC stock opened at $4.76 on Monday. The business has a fifty day moving average of $5.01 and a two-hundred day moving average of $5.31. The firm has a market cap of $1.30 billion, a P/E ratio of -6.55 and a beta of 0.63. Planet Labs PBC has a twelve month low of $3.70 and a twelve month high of $7.51.
Institutional Trading of Planet Labs PBC
Hedge funds and other institutional investors have recently made changes to their positions in the business. Teramo Advisors LLC purchased a new position in Planet Labs PBC in the 4th quarter worth $4,350,000. Wesbanco Bank Inc. purchased a new position in Planet Labs PBC in the 4th quarter worth $463,000. Bank of New York Mellon Corp raised its stake in Planet Labs PBC by 3.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 538,972 shares of the company’s stock worth $2,927,000 after acquiring an additional 16,568 shares during the last quarter. Meixler Investment Management Ltd. raised its stake in Planet Labs PBC by 9.1% in the 3rd quarter. Meixler Investment Management Ltd. now owns 51,000 shares of the company’s stock worth $277,000 after acquiring an additional 4,250 shares during the last quarter. Finally, TT International Asset Management LTD raised its stake in Planet Labs PBC by 38.9% in the 3rd quarter. TT International Asset Management LTD now owns 107,302 shares of the company’s stock worth $582,000 after acquiring an additional 30,073 shares during the last quarter. Hedge funds and other institutional investors own 43.05% of the company’s stock.
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 Open Geospatial Consortium, a cloud-native proprietary technology that performs critical processing and overall harmonizing of images for time series and data fusion and analysis; and space-based hardware and related software systems.
- Get a free copy of the StockNews.com research report on Planet Labs PBC (PL)
- Can Coty Stock Emerge in 2023 With Upside
- Should You Bet Against The Nasdaq 100 With This Inverse ETF?
- Insiders Buy Archer Aviation, Is This Stock About To Take Off?
- Intuit Is About To Make a Move, But Which Way?
- 3 Late January Earnings Plays With Pop Potential
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.