AXQ Capital LP Has $2.23 Million Holdings in Planet Fitness, Inc. $PLNT

AXQ Capital LP grew its holdings in shares of Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 178.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,649 shares of the company's stock after acquiring an additional 27,359 shares during the quarter. AXQ Capital LP owned 0.06% of Planet Fitness worth $2,225,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its holdings in shares of Planet Fitness by 1.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,389,098 shares of the company's stock worth $134,201,000 after buying an additional 24,981 shares in the last quarter. Empowered Funds LLC bought a new position in Planet Fitness in the first quarter valued at about $1,891,000. EverSource Wealth Advisors LLC boosted its stake in shares of Planet Fitness by 184.5% during the second quarter. EverSource Wealth Advisors LLC now owns 330 shares of the company's stock valued at $36,000 after purchasing an additional 214 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Planet Fitness by 25.8% during the second quarter. First Trust Advisors LP now owns 142,689 shares of the company's stock worth $15,560,000 after purchasing an additional 29,305 shares during the last quarter. Finally, Jump Financial LLC acquired a new stake in Planet Fitness during the 2nd quarter worth approximately $267,000. Institutional investors own 95.53% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on PLNT. Raymond James Financial reaffirmed a "strong-buy" rating and set a $62.00 price target on shares of Planet Fitness in a research note on Friday, August 7th. Weiss Ratings downgraded Planet Fitness from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday, June 18th. KeyCorp decreased their price target on Planet Fitness from $100.00 to $65.00 and set an "overweight" rating for the company in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $55.00 price objective on shares of Planet Fitness in a research note on Wednesday, July 22nd. Finally, TD Cowen restated a "hold" rating on shares of Planet Fitness in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $70.24.

Planet Fitness Stock Performance

Planet Fitness stock opened at $50.78 on Friday. Planet Fitness, Inc. has a fifty-two week low of $37.03 and a fifty-two week high of $114.26. The firm's 50-day simple moving average is $52.65 and its 200 day simple moving average is $61.38. The stock has a market cap of $3.84 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 1.11 and a beta of 1.01.

Planet Fitness (NYSE:PLNT - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.03. The company had revenue of $365.22 million during the quarter, compared to analyst estimates of $356.21 million. Planet Fitness had a negative return on equity of 59.46% and a net margin of 16.88%.Planet Fitness's quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.86 earnings per share. Planet Fitness has set its FY 2026 guidance at 3.254-3.254 EPS. As a group, analysts predict that Planet Fitness, Inc. will post 3.21 EPS for the current fiscal year.

Insider Activity

In other Planet Fitness news, Director Stephen Spinelli, Jr. bought 10,000 shares of the firm's stock in a transaction dated Monday, August 10th. The stock was purchased at an average cost of $49.28 per share, with a total value of $492,800.00. Following the transaction, the director directly owned 45,516 shares in the company, valued at $2,243,028.48. This trade represents a 28.16% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.90% of the stock is currently owned by corporate insiders.

Planet Fitness News Roundup

Here are the key news stories impacting Planet Fitness this week:

• Neutral Sentiment: Several law firms announced that investors who acquired Planet Fitness securities between November 6, 2025, and May 6, 2026, may seek appointment as lead plaintiff. The deadline to apply is September 14, 2026. Kaplan Fox class-action deadline notice
• Negative Sentiment: The lawsuit alleges that Planet Fitness and certain executives violated federal securities laws by making misleading statements about membership growth, marketing effectiveness and Black Card pricing. The allegations have not been proven in court. BFA Law Planet Fitness class-action notice
• Negative Sentiment: Investor notices link the litigation to a reported 31.19% one-day decline in PLNT shares after concerns emerged about weaker membership growth and the company’s prior disclosures. Potential costs include legal expenses, settlements or damages, while ongoing litigation may weigh on investor sentiment. Planet Fitness shareholder class-action alert

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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