Christopher Rondeau Sells 20,000 Shares of Planet Fitness Inc. (PLNT) Stock

Planet Fitness Inc. (NYSE:PLNT) CEO Christopher Rondeau sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, November 4th. The shares were sold at an average price of $21.02, for a total transaction of $420,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Christopher Rondeau also recently made the following trade(s):

  • On Thursday, November 3rd, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $20.88, for a total transaction of $417,600.00.
  • On Thursday, October 20th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $19.54, for a total transaction of $390,800.00.
  • On Wednesday, October 19th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $19.42, for a total transaction of $388,400.00.
  • On Tuesday, October 4th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $19.91, for a total transaction of $398,200.00.
  • On Monday, October 3rd, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $19.76, for a total transaction of $395,200.00.

Planet Fitness Inc. (NYSE:PLNT) opened at 22.20 on Wednesday. Planet Fitness Inc. has a 12-month low of $13.23 and a 12-month high of $23.41. The company’s market cap is $1.11 billion. The stock’s 50 day moving average is $20.20 and its 200-day moving average is $19.39.

Planet Fitness (NYSE:PLNT) last issued its quarterly earnings data on Wednesday, October 26th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.02. The firm earned $87 million during the quarter, compared to analysts’ expectations of $79.32 million. Planet Fitness had a net margin of 3.65% and a return on equity of 485.81%. The business’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.10 earnings per share. Analysts predict that Planet Fitness Inc. will post $0.47 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Planet Fitness (NYSE:PLNT)

PLNT has been the subject of several research analyst reports. Roth Capital set a $23.00 price target on shares of Planet Fitness and gave the company a “buy” rating in a research report on Thursday, October 27th. Jefferies Group restated a “buy” rating and issued a $27.00 price target (up previously from $26.00) on shares of Planet Fitness in a research report on Thursday, October 27th. Zacks Investment Research upgraded shares of Planet Fitness from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Tuesday, August 16th. Guggenheim restated a “buy” rating and issued a $24.00 price target (up previously from $23.00) on shares of Planet Fitness in a research report on Thursday, October 27th. Finally, TheStreet upgraded shares of Planet Fitness from a “sell” rating to a “hold” rating in a research report on Thursday, October 27th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $22.71.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Group LTD boosted its position in shares of Planet Fitness by 129.9% in the third quarter. BlackRock Group LTD now owns 5,923 shares of the company’s stock worth $119,000 after buying an additional 3,347 shares in the last quarter. BlackRock Advisors LLC boosted its position in shares of 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 in the last quarter. American International Group Inc. boosted its position in shares of 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 in the last quarter. Penserra Capital Management LLC purchased a new position in shares of Planet Fitness during the third quarter worth about $182,000. Finally, Fortaleza Asset Management Inc. boosted its position in shares of Planet Fitness by 61.9% in the second quarter. Fortaleza Asset Management Inc. now owns 9,900 shares of the company’s stock worth $187,000 after buying an additional 3,785 shares in the last quarter. Hedge funds and other institutional investors own 83.88% 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.

5 Day Chart for NYSE:PLNT

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