Planet Fitness Inc. (NYSE:PLNT) insider Richard L. Moore sold 8,200 shares of the stock in a transaction on Friday, September 23rd. The stock was sold at an average price of $21.00, for a total value of $172,200.00. Following the sale, the insider now directly owns 8,200 shares in the company, valued at $172,200. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Shares of Planet Fitness Inc. (NYSE:PLNT) opened at 20.24 on Wednesday. Planet Fitness Inc. has a 52 week low of $13.23 and a 52 week high of $23.41. The stock’s 50 day moving average price is $20.99 and its 200-day moving average price is $18.39. The firm’s market capitalization is $900.46 million.
Planet Fitness (NYSE:PLNT) last posted its quarterly earnings data on Thursday, August 11th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. Planet Fitness had a return on equity of 2,244.54% and a net margin of 1.74%. The firm earned $91.50 million during the quarter, compared to analysts’ expectations of $78.95 million. During the same period in the prior year, the business earned $0.13 EPS. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. Equities analysts predict that Planet Fitness Inc. will post $0.47 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the company. BlackRock Advisors LLC boosted 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. boosted 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. Fortaleza Asset Management Inc. boosted its position in 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 during the last quarter. Nationwide Fund Advisors boosted 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, Raymond James & Associates purchased a new position in Planet Fitness during the second quarter worth about $207,000. Hedge funds and other institutional investors own 83.52% of the company’s stock.
PLNT has been the topic of several analyst reports. Zacks Investment Research lowered Planet Fitness from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. Wedbush reissued an “outperform” rating and set a $23.00 target price (up from $21.00) on shares of Planet Fitness in a report on Thursday, August 11th. Piper Jaffray Cos. reissued an “overweight” rating and set a $21.00 target price (up from $20.00) on shares of Planet Fitness in a report on Wednesday, June 29th. Cowen and Company reissued an “outperform” rating and set a $24.00 target price (up from $19.00) on shares of Planet Fitness in a report on Saturday, August 13th. Finally, Imperial Capital increased their target price on Planet Fitness from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, August 15th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Planet Fitness presently has an average rating of “Buy” and an average price target of $21.95.
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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