Voya Investment Management LLC Invests Heavily in Planet Labs PBC
June 28, 2023
🌥️Trending News
Voya Investment Management LLC has recently increased its stake in Planet ($NYSE:PL) Labs PBC, as reported by Defense World. Planet Labs PBC is a leading provider of remote sensing data and analytics for the commercial market. This constellation is used to capture imagery of the entire Earth’s landmass every single day, allowing for up-to-date information for a variety of uses. Planet Labs PBC has been providing data and analytics services for a wide range of applications, from agricultural monitoring to urban planning to natural disaster management. Its technology helps users understand the Earth in ways never before possible, unlocking the potential for deeper insights and better decision making.
With this increased stake, Planet Labs PBC can continue to expand its capabilities and grow its reach even further. This is great news for those in the industry and those who are benefiting from the solutions it provides.
Share Price
On Tuesday, PLANET LABS PBC stock opened at $3.1 and closed at $3.0, down by 0.7% from its previous closing price of 3.0. This means that the asset manager is confident that the stock will soon increase in value. The move is a reminder that even in a volatile market, there are companies that are making sound financial decisions and performing well. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for PL. More…
| Total Revenues | Net Income | Net Margin |
| 203.83 | -152.05 | -77.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for PL. More…
| Operations | Investing | Financing |
| -98 | -251.19 | 4.71 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for PL. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 723.46 | 164.11 | 2.03 |
Key Ratios Snapshot
Some of the financial key ratios for PL are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 25.9% | – | -79.4% |
| FCF Margin | ROE | ROA |
| -56.1% | -17.8% | -14.0% |
Analysis
As GoodWhale, we conducted an analysis of PLANET LABS PBC’s financials. The Star Chart showed that PLANET LABS PBC is strong in asset and growth, but weak in dividend and profitability. PLANET LABS PBC is thus classified as a ‘cheetah’, meaning that it has achieved high revenue or earnings growth but is considered less stable due to lower profitability. This type of company may be of interest to investors looking for higher growth potential and are willing to take on greater risk. This means it has enough cashflows and debt to sustain future operations in times of crisis. More…
Peers
In the market for small satellites, four companies have come to the forefront: Planet Labs PBC, Anacomp Inc, Zeuus Inc, and Spire Global Inc. All four companies have their own strengths and weaknesses, but Planet Labs has become the leader in the market.
– Anacomp Inc ($OTCPK:ANMP)
Anacomp Inc is a publicly traded company with a market capitalization of $3.74 million as of 2022. The company has a return on equity of 55.96%. Anacomp is a provider of information management and business process outsourcing solutions. The company offers a range of services, including document management, data entry, and document imaging.
– Zeuus Inc ($OTCPK:ZUUS)
Zeuus Inc is a publicly traded company with a market capitalization of $627.78 million as of January 2022. The company has a return on equity of 1191.01%. Zeuus Inc is a provider of online marketing and advertising solutions. The company offers a suite of tools and services that help businesses reach their customers online. Zeuus Inc is headquartered in New York, NY.
– Spire Global Inc ($NYSE:SPIR)
Spire Global Inc is a data and analytics company that uses a network of satellites to collect data about maritime, aviation, and weather patterns. The company has a market cap of 208.44M as of 2022 and a Return on Equity of -7.96%. The company’s main competitors are Orbcomm, Inmarsat, and Iridium.
Summary
Investment management firm Voya Investment Management LLC has recently increased its position in Planet Labs PBC, a satellite imaging and analytics company. With its strong customer base and innovative technology, Planet Labs has put itself in a very advantageous position in the satellite imaging and analytics space. Furthermore, the company’s diversified customer base and increasing demand for its services bodes well for its long-term growth prospects. Voya’s investment in Planet Labs is an indication that they believe the company has tremendous potential for the future.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
