Planet Fitness Stock Price, News & Analysis (NYSE:PLNT)

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Planet Fitness in the last year. There are currently 5 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PLNT shares.
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15 brokerages have issued 12-month price objectives for Planet Fitness' shares. Their PLNT share price targets range from $45.00 to $92.00. On average, they anticipate the company's stock price to reach $67.88 in the next year. This suggests that the stock has a possible downside of 0.1%.
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Planet Fitness' stock was trading at $78.80 at the start of the year. Since then, PLNT stock has decreased by 13.8% and is now trading at $67.94.
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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) posted its earnings results on Tuesday, November, 7th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.04. The firm earned $277.60 million during the quarter, compared to analysts' expectations 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 firm's revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the business 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 number of retail and institutional investors. Top institutional shareholders 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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