Planet Fitness (PLNT) Stock Price, News & Analysis

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Planet Fitness in the last twelve months. There are currently 5 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PLNT shares.
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15 brokers have issued 1-year price objectives for Planet Fitness' shares. Their PLNT share price targets range from $45.00 to $92.00. On average, they expect the company's share price to reach $67.88 in the next twelve months. This suggests a possible upside of 0.3% from the stock's current price.
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Planet Fitness' stock was trading at $78.80 at the beginning of the year. Since then, PLNT shares have decreased by 14.1% and is now trading at $67.65.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
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Planet Fitness, Inc. (NYSE:PLNT) issued its earnings results on Tuesday, November, 7th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.04. The company earned $277.60 million during the quarter, compared to analyst estimates of $268.18 million. Planet Fitness had a negative trailing twelve-month return on equity of 102.85% and a net margin of 12.80%. The company's revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 earnings per share.

ETFs with the largest weight of Planet Fitness (NYSE:PLNT) stock in their portfolio include Global X Health & Wellness ETF (BFIT), BlackRock Future Innovators ETF (BFTR), Global X Millennial Consumer ETF (MILN) and iShares Morningstar Small-Cap Growth ETF (ISCG).Leatherback Long/Short Alternative Yield ETF (LBAY),

615 employees have rated Planet Fitness Chief Executive Officer Chris Rondeau on Glassdoor.com. Chris Rondeau has an approval rating of 68% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Planet Fitness investors own include NVIDIA (NVDA), Alibaba Group (BABA), Walt Disney (DIS), Micron Technology (MU), PayPal (PYPL), Advanced Micro Devices (AMD), Tesla (TSLA), Salesforce (CRM), JPMorgan Chase & Co. (JPM) and Netflix (NFLX).

(PLNT) raised $202 million in an initial public offering on Thursday, August 6th 2015. The company issued 13,500,000 shares at a price of $14.00-$16.00 per share. J.P. Morgan Securities Merrill Lynch, Jefferies and Credit Suisse Securities served as the underwriters for the IPO and Guggenheim Securities, Baird, William Blair, Piper Jaffray and Cowen and Company were co-managers.

Planet Fitness' stock is owned by a variety of institutional and retail investors. Top institutional investors include Cadian Capital Management LP (4.59%), Bank of New York Mellon Corp (3.02%), JPMorgan Chase & Co. (2.89%), Eagle Asset Management Inc. (2.33%), Bamco Inc. NY (1.36%) and Federated Hermes Inc. (1.36%). Insiders that own company stock include Brian O'donnell, Christopher Rondeau, Dorvin D Lively, Dorvin D Lively, Jennifer Simmons, Jeremy Tucker, Thomas J Fitzgerald III and William Bode.
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Shares of PLNT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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