Planet Fitness, Inc. $PLNT Shares Purchased by Tidal Investments LLC

Tidal Investments LLC lifted its stake in Planet Fitness, Inc. (NYSE:PLNT) by 19.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 60,136 shares of the company’s stock after acquiring an additional 9,848 shares during the period. Tidal Investments LLC’s holdings in Planet Fitness were worth $3,137,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of PLNT. Norges Bank acquired a new position in Planet Fitness during the 4th quarter valued at approximately $108,796,000. Assenagon Asset Management S.A. purchased a new position in shares of Planet Fitness in the second quarter worth $44,399,000. Montanova Capital LLC acquired a new stake in shares of Planet Fitness during the second quarter worth $11,473,000. Van Berkom & Associates Inc. lifted its stake in shares of Planet Fitness by 21.1% during the first quarter. Van Berkom & Associates Inc. now owns 990,819 shares of the company’s stock worth $73,697,000 after buying an additional 172,586 shares during the period. Finally, T. Rowe Price Investment Management Inc. lifted its stake in shares of Planet Fitness by 1.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 9,236,173 shares of the company’s stock worth $1,001,848,000 after buying an additional 149,503 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $55.00 target price on shares of Planet Fitness in a research report on Wednesday, July 22nd. TD Cowen reaffirmed a “hold” rating on shares of Planet Fitness in a research report on Friday, May 29th. Morgan Stanley boosted their price target on Planet Fitness from $47.00 to $51.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 18th. Wells Fargo & Company reissued an “overweight” rating on shares of Planet Fitness in a report on Monday, July 20th. Finally, Royal Bank Of Canada reduced their price objective on Planet Fitness from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $70.24.

Insider Buying and Selling at Planet Fitness

In related news, Director Stephen Spinelli, Jr. acquired 10,000 shares of Planet Fitness stock in a transaction on Monday, August 10th. The stock was acquired at an average price of $49.28 per share, for a total transaction of $492,800.00. Following the purchase, the director owned 45,516 shares of the company’s stock, valued at approximately $2,243,028.48. This represents a 28.16% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.90% of the company’s stock.

Planet Fitness Price Performance

Shares of Planet Fitness stock opened at $50.81 on Wednesday. The firm has a fifty day moving average price of $52.36 and a 200 day moving average price of $59.28. Planet Fitness, Inc. has a 1 year low of $37.03 and a 1 year high of $114.26. The stock has a market cap of $3.84 billion, a PE ratio of 17.23, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01.

Planet Fitness (NYSE:PLNT) last posted its earnings results on Thursday, August 6th. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.03. Planet Fitness had a net margin of 16.88% and a negative return on equity of 59.46%. The company had revenue of $365.22 million during the quarter, compared to the consensus estimate of $356.21 million. During the same period in the previous year, the firm posted $0.86 earnings per share. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. Planet Fitness has set its FY 2026 guidance at 3.254-3.254 EPS. As a group, equities analysts expect that Planet Fitness, Inc. will post 3.21 EPS for the current year.

About Planet Fitness

Planet Fitness, Inc (NYSE: PLNT) is a franchised fitness-center company that operates under the Planet Fitness brand. Its clubs provide access to cardiovascular and strength-training equipment, free weights, locker rooms, and other basic fitness amenities in a low-cost, welcoming environment designed to appeal to a broad range of consumers.

The company is known for its “Judgement Free Zone” concept, which emphasizes an approachable atmosphere for first-time, casual, and experienced gym users.