Planet Fitness, Inc. (NYSE:PLNT) CFO Dorvin D. Lively sold 144,557 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $31.80, for a total value of $4,596,912.60. Following the completion of the transaction, the chief financial officer now directly owns 38,674 shares in the company, valued at approximately $1,229,833.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Planet Fitness, Inc. (NYSE:PLNT) opened at $31.89 on Friday. Planet Fitness, Inc. has a 1-year low of $18.32 and a 1-year high of $32.92. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of -5.00. The stock has a market capitalization of $3,130.00 and a price-to-earnings ratio of 38.90.

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

Several brokerages recently issued reports on PLNT. Cowen reissued a “buy” rating and set a $30.00 target price on shares of Planet Fitness in a research note on Friday, November 10th. Jefferies Group restated a “buy” rating and set a $33.00 price target on shares of Planet Fitness in a report on Friday, November 10th. BidaskClub upgraded Planet Fitness from a “hold” rating to a “buy” rating in a report on Friday, September 22nd. Roth Capital raised their price target on Planet Fitness from $23.00 to $27.00 and gave the company a “buy” rating in a report on Monday, August 21st. Finally, Zacks Investment Research upgraded Planet Fitness from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a report on Wednesday, October 11th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $29.60.

A number of hedge funds and other institutional investors have recently modified their holdings of PLNT. Envestnet Asset Management Inc. raised its position in Planet Fitness by 164.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,865 shares of the company’s stock valued at $131,000 after purchasing an additional 3,022 shares in the last quarter. D.A. Davidson & CO. bought a new stake in Planet Fitness during the 2nd quarter valued at $145,000. Ameritas Investment Partners Inc. raised its position 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 worth $173,000 after acquiring an additional 5,189 shares in the last quarter. Fortaleza Asset Management Inc. raised its position in shares of Planet Fitness by 57.9% in 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. bought a new position in shares of Planet Fitness in the 3rd quarter worth $214,000.

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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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