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.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP lifted its position in shares of Planet Fitness by 11.7% during the third quarter. GSA Capital Partners LLP now owns 44,555 shares of the company’s stock valued at $1,202,000 after purchasing an additional 4,655 shares in the last quarter. Neuberger Berman Group LLC purchased a new stake in Planet Fitness during the third quarter worth about $594,000. Argent Capital Management LLC purchased a new stake in Planet Fitness during the third quarter worth about $1,105,000. California Public Employees Retirement System increased its holdings in Planet Fitness by 10.5% during the third quarter. California Public Employees Retirement System now owns 23,200 shares of the company’s stock worth $626,000 after buying an additional 2,200 shares during the last quarter. Finally, Davidson Kempner Capital Management LP increased its holdings in Planet Fitness by 22.5% during the third quarter. Davidson Kempner Capital Management LP now owns 857,585 shares of the company’s stock worth $23,138,000 after buying an additional 157,585 shares during the last quarter.

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.

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

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