John G Ullman & Associates Inc. Buys Shares of 12,400 Planet Fitness, Inc. $PLNT

John G Ullman & Associates Inc. bought a new stake in Planet Fitness, Inc. (NYSE:PLNT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 12,400 shares of the company’s stock, valued at approximately $1,345,000.

Other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in Planet Fitness in the fourth quarter valued at approximately $27,000. EverSource Wealth Advisors LLC boosted its stake in Planet Fitness by 184.5% in the second quarter. EverSource Wealth Advisors LLC now owns 330 shares of the company’s stock valued at $36,000 after acquiring an additional 214 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in Planet Fitness by 51.9% in the third quarter. Hantz Financial Services Inc. now owns 404 shares of the company’s stock valued at $42,000 after acquiring an additional 138 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in shares of Planet Fitness in the third quarter worth $44,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Planet Fitness by 131.8% in the third quarter. Smartleaf Asset Management LLC now owns 445 shares of the company’s stock worth $47,000 after buying an additional 253 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Planet Fitness Price Performance

Shares of Planet Fitness stock opened at $52.61 on Friday. The firm has a fifty day moving average price of $69.31 and a 200 day moving average price of $89.26. Planet Fitness, Inc. has a 1 year low of $37.03 and a 1 year high of $114.47. The stock has a market cap of $4.18 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 1.14 and a beta of 1.12.

Planet Fitness (NYSE:PLNT) last issued its earnings results on Thursday, May 7th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.11. Planet Fitness had a net margin of 16.52% and a negative return on equity of 81.29%. The firm had revenue of $337.24 million during the quarter, compared to analysts’ expectations of $298.60 million. During the same quarter last year, the company posted $0.59 earnings per share. The firm’s revenue was up 21.9% compared to the same quarter last year. Planet Fitness has set its FY 2026 guidance at 3.190-3.190 EPS. As a group, equities analysts expect that Planet Fitness, Inc. will post 3.18 EPS for the current year.

Insider Activity

In other Planet Fitness news, Director Frances G. Rathke bought 5,000 shares of Planet Fitness stock in a transaction that occurred on Friday, May 8th. The stock was purchased at an average price of $46.21 per share, with a total value of $231,050.00. Following the completion of the acquisition, the director directly owned 5,000 shares in the company, valued at approximately $231,050. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PLNT. JPMorgan Chase & Co. decreased their price target on shares of Planet Fitness from $120.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, February 25th. Guggenheim decreased their price target on shares of Planet Fitness from $126.00 to $95.00 and set a “buy” rating for the company in a report on Friday, May 8th. KeyCorp decreased their price target on shares of Planet Fitness from $100.00 to $65.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Planet Fitness from $98.00 to $61.00 and set a “hold” rating for the company in a report on Friday, May 8th. Finally, Jefferies Financial Group set a $133.00 price target on shares of Planet Fitness in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.62.

Planet Fitness Company Profile

Planet Fitness, Inc is a franchisor and operator of fitness centers based in Hampton, New Hampshire. Established in 1992, the company designs and equips its clubs to offer a non-intimidating workout environment, often marketed under its “Judgment Free Zone” philosophy. Planet Fitness markets affordable membership plans and a variety of cardio and strength-training equipment, positioning itself to attract casual and first-time gym users.

The company operates through a network of franchised and company-owned clubs.