Planet Fitness Inc. (NYSE:PLNT) insider Richard L. Moore sold 8,200 shares of Planet Fitness stock in a transaction dated Friday, September 23rd. The stock was sold at an average price of $21.00, for a total value of $172,200.00. Following the transaction, the insider now owns 8,200 shares of the company’s stock, valued at approximately $172,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Planet Fitness Inc. (NYSE:PLNT) opened at 20.01 on Friday. The stock has a 50 day moving average of $20.98 and a 200-day moving average of $18.41. The firm’s market capitalization is $890.22 million. Planet Fitness Inc. has a 52-week low of $13.23 and a 52-week high of $23.41.
Planet Fitness (NYSE:PLNT) last announced its earnings results on Thursday, August 11th. The company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.02. Planet Fitness had a net margin of 1.74% and a return on equity of 2,244.54%. The business earned $91.50 million during the quarter, compared to analysts’ expectations of $78.95 million. During the same period in the prior year, the company earned $0.13 earnings per share. The firm’s revenue was up 15.8% on a year-over-year basis. Equities analysts expect that Planet Fitness Inc. will post $0.47 earnings per share for the current fiscal year.
A number of equities analysts recently commented on the company. Imperial Capital lifted their price target on Planet Fitness from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, August 15th. Zacks Investment Research upgraded Planet Fitness from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Wednesday, June 29th. Credit Suisse Group AG reiterated an “outperform” rating and set a $19.00 price target on shares of Planet Fitness in a report on Monday, June 27th. Jefferies Group reiterated a “buy” rating and set a $26.00 price target (up previously from $25.00) on shares of Planet Fitness in a report on Friday, August 12th. Finally, Cowen and Company reiterated an “outperform” rating and set a $24.00 price target (up previously from $19.00) on shares of Planet Fitness in a report on Saturday, August 13th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Planet Fitness has a consensus rating of “Buy” and an average price target of $21.95.
Several institutional investors have recently bought and sold shares of the company. BlackRock Advisors LLC raised its position in Planet Fitness by 3.2% in the second quarter. BlackRock Advisors LLC now owns 7,732 shares of the company’s stock worth $146,000 after buying an additional 240 shares during the last quarter. American International Group Inc. raised its position in Planet Fitness by 3.3% in the second quarter. American International Group Inc. now owns 9,045 shares of the company’s stock worth $171,000 after buying an additional 288 shares during the last quarter. Commonwealth Equity Services Inc raised its position in Planet Fitness by 2.4% in the second quarter. Commonwealth Equity Services Inc now owns 15,948 shares of the company’s stock worth $301,000 after buying an additional 373 shares during the last quarter. Nationwide Fund Advisors raised its position in Planet Fitness by 4.6% in the second quarter. Nationwide Fund Advisors now owns 10,261 shares of the company’s stock worth $194,000 after buying an additional 452 shares during the last quarter. Finally, Barclays PLC raised its position in Planet Fitness by 11.0% in the second quarter. Barclays PLC now owns 31,976 shares of the company’s stock worth $603,000 after buying an additional 3,176 shares during the last quarter. Institutional investors and hedge funds own 83.52% of the company’s stock.
Planet Fitness Company Profile
Planet Fitness, Inc is a franchisor and operator of fitness centers in the United States. The Company operates through three segments: Franchise, Corporate-owned stores and Equipment. The Franchise segment includes operations related to its franchising business in the United States, Puerto Rico, Canada and the Dominican Republic.
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