Planet Fitness Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Planet Fitness in the last year. There are currently 1 hold rating and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" Planet Fitness stock.
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10 brokerages have issued 1 year price objectives for Planet Fitness' shares. Their PLNT stock forecasts range from $72.00 to $130.00. On average, they predict Planet Fitness' share price to reach $98.91 in the next twelve months. This suggests a possible upside of 38.1% from the stock's current price.
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Planet Fitness' stock was trading at $90.58 at the beginning of 2022. Since then, PLNT stock has decreased by 20.9% and is now trading at $71.62.
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Planet Fitness saw a decrease in short interest in May. As of May 31st, there was short interest totaling 2,870,000 shares, a decrease of 17.8% from the May 15th total of 3,490,000 shares. Based on an average daily volume of 893,100 shares, the short-interest ratio is presently 3.2 days.
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Planet Fitness is scheduled to release its next quarterly earnings announcement on Monday, August 8th 2022.
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Planet Fitness, Inc. (NYSE:PLNT) released its earnings results on Tuesday, May, 10th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.05. The business earned $186.70 million during the quarter, compared to analysts' expectations of $190.44 million. Planet Fitness had a negative trailing twelve-month return on equity of 16.39% and a net margin of 8.11%. Planet Fitness's quarterly revenue was up 66.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 EPS.
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Planet Fitness issued an update on its FY22 earnings guidance on Tuesday, May, 10th. The company provided earnings per share (EPS) guidance of ~$1.52-1.53 for the period, compared to the consensus earnings per share estimate of $1.51. The company issued revenue guidance of ~$909.8-915.7 million, compared to the consensus revenue estimate of $913.84 million.

615 employees have rated Planet Fitness CEO Chris Rondeau on Glassdoor.com. Chris Rondeau has an approval rating of 68% among Planet Fitness' employees.

Some companies that are related to Planet Fitness include Life Time Group (LTH), OneSpaWorld (OSW), Town Sports International (CLUBQ), AVP (AVPI) and PixarBio (PXRB).
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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 IPO 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "PLNT."

Planet Fitness' stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.13%), BlackRock Inc. (7.89%), JPMorgan Chase & Co. (3.29%), Bank of New York Mellon Corp (3.02%), Federated Hermes Inc. (2.20%) and Invesco Ltd. (1.87%). Company insiders that own Planet Fitness stock include Brian O'donnell, Christopher Rondeau, Craig Jeffrey Miller, Craig R Benson, Dorvin D Lively, Dorvin D Lively, Jeremy Tucker, Thomas J Fitzgerald III and William Bode.
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PLNT stock was sold by a variety of institutional investors in the last quarter, including Eagle Asset Management Inc., JPMorgan Chase & Co., AEGON ASSET MANAGEMENT UK Plc, PEAK6 Investments LLC, Peregrine Capital Management LLC, TimesSquare Capital Management LLC, Great West Life Assurance Co. Can, and Frontier Capital Management Co. LLC. Company insiders that have sold Planet Fitness company stock in the last two years include Brian O'donnell, Christopher Rondeau, Dorvin D Lively, Jeremy Tucker, and William Bode.
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PLNT stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Invesco Ltd., Champlain Investment Partners LLC, Arrowstreet Capital Limited Partnership, Chicago Capital LLC, Lord Abbett & CO. LLC, Waratah Capital Advisors Ltd., and Blair William & Co. IL.
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Shares of PLNT 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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One share of PLNT stock can currently be purchased for approximately $71.62.

Planet Fitness (NYSE:PLNT) has a market capitalization of $6.52 billion and generates $587.02 million in revenue each year. The company earns $42.77 million in net income (profit) each year or $0.639990 on an earnings per share basis.

Planet Fitness employs 1,774 workers across the globe.

Planet Fitness' mailing address is 4 LIBERTY LANE WEST, HAMPTON NH, 03842. The official website for Planet Fitness is www.planetfitness.com. The company can be reached via phone at (603) 750-0001 or via email at [email protected].