Planet Fitness, Inc. (NYSE:PLNT) CEO Christopher Rondeau sold 60,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $31.98, for a total transaction of $1,918,800.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • On Wednesday, November 15th, Christopher Rondeau sold 60,000 shares of Planet Fitness stock. The stock was sold at an average price of $30.09, for a total transaction of $1,805,400.00.
  • On Thursday, November 9th, Christopher Rondeau sold 80,000 shares of Planet Fitness stock. The stock was sold at an average price of $29.34, for a total transaction of $2,347,200.00.
  • On Monday, November 6th, Christopher Rondeau sold 1,000 shares of Planet Fitness stock. The stock was sold at an average price of $27.04, for a total transaction of $27,040.00.
  • On Wednesday, November 1st, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was sold at an average price of $26.64, for a total transaction of $532,800.00.
  • On Thursday, October 19th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was sold at an average price of $25.87, for a total transaction of $517,400.00.
  • On Tuesday, October 3rd, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was sold at an average price of $26.75, for a total transaction of $535,000.00.
  • On Wednesday, October 4th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was sold at an average price of $26.43, for a total transaction of $528,600.00.

Planet Fitness, Inc. (PLNT) traded down $0.09 on Thursday, reaching $31.67. The company’s stock had a trading volume of 453,200 shares, compared to its average volume of 1,211,685. Planet Fitness, Inc. has a 52 week low of $18.32 and a 52 week high of $32.92. The company has a debt-to-equity ratio of -5.00, a current ratio of 1.57 and a quick ratio of 1.56. The stock has a market capitalization of $3,124.01, a price-to-earnings ratio of 39.70, a PEG ratio of 2.45 and a beta of 1.00.

Planet Fitness (NYSE:PLNT) last released its earnings results on Tuesday, November 7th. The company reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.03. The firm had revenue of $97.50 million during the quarter, compared to the consensus estimate of $93.55 million. Planet Fitness had a negative return on equity of 44.91% and a net margin of 11.44%. The company’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 earnings per share. research analysts predict that Planet Fitness, Inc. will post 0.82 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of PLNT. Envestnet Asset Management Inc. boosted its stake in Planet Fitness by 164.0% during the third quarter. Envestnet Asset Management Inc. now owns 4,865 shares of the company’s stock worth $131,000 after buying an additional 3,022 shares during the last quarter. D.A. Davidson & CO. acquired a new position in shares of Planet Fitness in the 2nd quarter valued at $145,000. Ameritas Investment Partners Inc. lifted its stake in shares of Planet Fitness by 234.8% in 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 during the last quarter. Fortaleza Asset Management Inc. lifted 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 worth $183,000 after acquiring an additional 2,870 shares in the last quarter. Finally, Prudential Financial Inc. acquired a new position in Planet Fitness during the 3rd quarter worth about $214,000.

PLNT has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Planet Fitness from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Thursday, October 26th. Bank of America lifted their target price on shares of Planet Fitness from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Jefferies Group reaffirmed a “buy” rating and issued a $29.00 target price on shares of Planet Fitness in a research note on Thursday, September 14th. BidaskClub downgraded shares of Planet Fitness from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Finally, Imperial Capital boosted their price objective on shares of Planet Fitness from $25.00 to $28.00 and gave the company an “outperform” rating in a research report on Tuesday, August 15th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Planet Fitness presently has an average rating of “Buy” and an average price target of $29.60.

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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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