Planet Fitness, Inc. (NYSE:PLNT) CFO Dorvin D. Lively sold 38,674 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $32.29, for a total transaction of $1,248,783.46. Following the completion of the transaction, the chief financial officer now directly owns 38,674 shares in the company, valued at $1,248,783.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Planet Fitness, Inc. (NYSE PLNT) traded down $0.39 on Tuesday, hitting $31.12. 652,723 shares of the company were exchanged, compared to its average volume of 1,206,162. The company has a debt-to-equity ratio of -5.00, a current ratio of 1.57 and a quick ratio of 1.56. Planet Fitness, Inc. has a one year low of $18.32 and a one year high of $32.92. The company has a market capitalization of $3,161.39, a price-to-earnings ratio of 40.17, a P/E/G ratio of 2.48 and a beta of 1.00.
Planet Fitness (NYSE:PLNT) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. Planet Fitness had a net margin of 11.44% and a negative return on equity of 44.91%. The company had revenue of $97.50 million for the quarter, compared to analyst estimates of $93.55 million. During the same period last year, the firm earned $0.16 earnings per share. The firm’s revenue was up 12.1% on a year-over-year basis. analysts predict that Planet Fitness, Inc. will post 0.82 earnings per share for the current year.
A number of research firms have weighed in on PLNT. DA Davidson began coverage on shares of Planet Fitness in a research note on Monday, November 20th. They issued a “buy” rating on the stock. Jefferies Group reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Planet Fitness in a research note on Friday, November 10th. Cowen reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Planet Fitness in a research note on Friday, November 10th. Bank of America raised their price objective on shares of Planet Fitness from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Finally, Imperial Capital raised their price objective on shares of Planet Fitness from $28.00 to $33.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus 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.
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