Planet Fitness, Inc. (NYSE:PLNT) CEO Christopher Rondeau sold 20,000 shares of Planet Fitness stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $25.87, for a total value of $517,400.00. The transaction 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 Tuesday, October 3rd, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $26.75, for a total value of $535,000.00.
  • On Wednesday, October 4th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $26.43, for a total value of $528,600.00.

Planet Fitness, Inc. (NYSE:PLNT) traded up 1.92% during mid-day trading on Friday, reaching $26.53. The company’s stock had a trading volume of 561,606 shares. Planet Fitness, Inc. has a 52 week low of $18.32 and a 52 week high of $27.22. The firm’s 50 day moving average price is $26.34 and its 200 day moving average price is $26.34. The firm has a market capitalization of $2.27 billion, a P/E ratio of 45.74 and a beta of 0.86.

Planet Fitness (NYSE:PLNT) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. The firm had revenue of $107.31 million during the quarter, compared to analyst estimates of $101.99 million. Planet Fitness had a negative return on equity of 57.01% and a net margin of 8.77%. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period last year, the company posted $0.17 EPS. On average, analysts anticipate that Planet Fitness, Inc. will post $0.47 EPS for the current fiscal year.

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PLNT has been the topic of a number of analyst reports. BidaskClub downgraded Planet Fitness from a “hold” rating to a “sell” rating in a research note on Sunday, July 9th. Zacks Investment Research upgraded Planet Fitness from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research note on Wednesday, October 11th. Jefferies Group LLC restated a “buy” rating and issued a $29.00 price target on shares of Planet Fitness in a research note on Thursday, September 14th. Finally, Imperial Capital lifted their price target on Planet Fitness from $25.00 to $28.00 and gave the company an “outperform” rating in a research note on Tuesday, August 15th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $28.00.

Hedge funds and other institutional investors have recently modified their holdings of the business. Oppenheimer Asset Management Inc. bought a new position in Planet Fitness during the 1st quarter valued at $136,000. D.A. Davidson & CO. bought a new position in Planet Fitness during the 2nd quarter valued at $145,000. FNY Partners Fund LP bought a new position in Planet Fitness during the 1st quarter valued at $154,000. Ameritas Investment Partners Inc. boosted its stake in Planet Fitness by 234.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,399 shares of the company’s stock valued at $173,000 after purchasing an additional 5,189 shares in the last quarter. Finally, Fortaleza Asset Management Inc. boosted its stake in Planet Fitness by 57.9% during the 2nd quarter. Fortaleza Asset Management Inc. now owns 7,830 shares of the company’s stock valued at $183,000 after purchasing an additional 2,870 shares in the last quarter. 94.15% of the stock is owned by hedge funds and other institutional investors.

About Planet Fitness

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 the Company’s franchising business in the United States, Puerto Rico, the Dominican Republic and Canada.

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

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