Planet Fitness, Inc. (NYSE:PLNT) CEO Christopher Rondeau sold 20,000 shares of the business’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $26.43, for a total value of $528,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • 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 value of $535,000.00.

Shares of Planet Fitness, Inc. (NYSE PLNT) traded up 0.34% during midday trading on Friday, hitting $26.36. The stock had a trading volume of 523,893 shares. Planet Fitness, Inc. has a 52 week low of $19.17 and a 52 week high of $27.22. The stock has a 50 day moving average price of $26.37 and a 200-day moving average price of $26.37. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 45.45 and a beta of 0.86.

Planet Fitness (NYSE:PLNT) last posted its quarterly earnings results on Wednesday, August 9th. The company reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.03. The company had revenue of $107.31 million for the quarter, compared to the consensus estimate of $101.99 million. Planet Fitness had a negative return on equity of 57.01% and a net margin of 8.77%. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.17 EPS. Equities research analysts anticipate that Planet Fitness, Inc. will post $0.47 earnings per share for the current year.

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A number of analysts have recently commented on PLNT shares. Zacks Investment Research raised Planet Fitness from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Friday, August 11th. Jefferies Group LLC reissued a “buy” rating and issued a $29.00 price objective (up previously from $26.00) on shares of Planet Fitness in a research note on Thursday, August 10th. Roth Capital set a $23.00 price objective on Planet Fitness and gave the stock a “buy” rating in a research note on Thursday, August 10th. Finally, BidaskClub raised Planet Fitness from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $27.67.

Hedge funds have recently bought and sold shares of the company. D.A. Davidson & CO. acquired a new position in shares of Planet Fitness in the 2nd quarter valued at $145,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Planet Fitness in the 1st quarter valued at $136,000. 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 period. Fortaleza Asset Management Inc. lifted its stake 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 valued at $183,000 after purchasing an additional 2,870 shares during the period. Finally, FNY Partners Fund LP acquired a new position in shares of Planet Fitness in the 1st quarter valued at $154,000.

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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