NYSE:PLNT - Planet Fitness Stock Price, Price Target & More

Planet Fitness trades on the New York Stock Exchange (NYSE) under the ticker symbol "PLNT."

Planet Fitness announced that its board has approved a stock buyback plan on Friday, February 23rd 2018, which permits the company to buyback $80,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Planet Fitness Inc (NYSE:PLNT) released its quarterly earnings results on Tuesday, May, 8th. The company reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. The company earned $121.30 million during the quarter, compared to analysts' expectations of $115.75 million. Planet Fitness had a negative return on equity of 64.81% and a net margin of 9.60%. Planet Fitness's revenue for the quarter was up 33.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.19 EPS. View Planet Fitness' Earnings History.

Planet Fitness issued an update on its FY18 earnings guidance on Tuesday, May, 8th. The company provided EPS guidance of +40% to ~$1.18 for the period, compared to the Thomson Reuters consensus estimate of $1.20. The company issued revenue guidance of +20% to ~$516 million, compared to the consensus revenue estimate of $522.92 million.

10 equities research analysts have issued 1-year target prices for Planet Fitness' shares. Their forecasts range from $35.00 to $56.00. On average, they anticipate Planet Fitness' share price to reach $46.5556 in the next year. This suggests that the stock has a possible downside of 5.8%. View Analyst Ratings for Planet Fitness.

10 Wall Street 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, resulting in a consensus recommendation of "Buy."

Some companies that are related to Planet Fitness include TAL Education Group (TAL), Wynn Resorts (WYNN), MGM Resorts International (MGM), Lululemon Athletica (LULU), Mohawk Industries (MHK), Wynn Macau (WYNMF), DISH Network (DISH), TAKE-TWO INTERACTIVE SOFTWARE, INC Common Stock (TTWO), Liberty Broadband Corp Series C (LBRDK), DISCOVERY COMMUNICATIONS INC. Common Stock (DISCA), Liberty Broadband Corp Series A (LBRDA), ANTA Sports Products (ANPDF), Viacom, Inc. Class A (VIA), New Oriental Education & Tech Grp (EDU) and Discovery Inc Series C (DISCK).

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

Media stories about PLNT stock have been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Planet Fitness earned a media sentiment score of 0.09 on Accern's scale. They also gave news coverage about the company an impact score of 48.13 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.

Planet Fitness' stock is owned by many different of retail and institutional investors. Top institutional investors include Capital One National Association (0.08%), KAMES CAPITAL plc (0.05%), Xact Kapitalforvaltning AB (0.01%) and Campbell & CO Investment Adviser LLC (0.01%). Company insiders that own Planet Fitness stock include Charles Esserman, Christopher Rondeau, Dorvin D Lively, Marc Grondahl, Pierre Lecomte and Richard L Moore. View Institutional Ownership Trends for Planet Fitness.

PLNT stock was sold by a variety of institutional investors in the last quarter, including Capital One National Association. Company insiders that have sold Planet Fitness company stock in the last year include Christopher Rondeau, Dorvin D Lively and Richard L Moore. View Insider Buying and Selling for Planet Fitness.

PLNT stock was purchased by a variety of institutional investors in the last quarter, including Campbell & CO Investment Adviser LLC, KAMES CAPITAL plc and Xact Kapitalforvaltning AB. View Insider Buying and Selling for Planet Fitness.

Shares of PLNT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of PLNT stock can currently be purchased for approximately $49.41.

Planet Fitness has a market capitalization of $4.79 billion and generates $429.94 million in revenue each year. The company earns $33.14 million in net income (profit) each year or $0.84 on an earnings per share basis. Planet Fitness employs 833 workers across the globe.

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