Planet Fitness Stock Forecast, Price & News

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Planet Fitness in the last year. There are currently 2 sell ratings, 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Planet Fitness stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PLNT, but not buy additional shares or sell existing shares.
View analyst ratings for Planet Fitness or view top-rated stocks.

Wall Street analysts have given Planet Fitness a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Planet Fitness wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Planet Fitness saw a decrease in short interest in August. As of August 13th, there was short interest totaling 4,690,000 shares, a decrease of 12.0% from the July 29th total of 5,330,000 shares. Based on an average trading volume of 986,500 shares, the days-to-cover ratio is presently 4.8 days. Approximately 5.7% of the company's shares are sold short.
View Planet Fitness' Short Interest.

Planet Fitness is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for Planet Fitness.

Planet Fitness, Inc. (NYSE:PLNT) announced its quarterly earnings results on Monday, August, 9th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by $0.02. The firm had revenue of $137.25 million for the quarter, compared to the consensus estimate of $127.56 million. Planet Fitness had a net margin of 5.15% and a negative trailing twelve-month return on equity of 6.18%. The business's revenue for the quarter was up 241.1% on a year-over-year basis. During the same quarter last year, the company posted ($0.32) earnings per share.
View Planet Fitness' earnings history.

Planet Fitness' stock was trading at $57.00 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, PLNT stock has increased by 37.6% and is now trading at $78.41.
View which stocks have been most impacted by COVID-19.

Planet Fitness issued an update on its FY 2021 earnings guidance on Monday, September, 6th. The company provided earnings per share guidance of $0.650-$0.700 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.940. The company issued revenue guidance of $530 million-$540 million, compared to the consensus revenue estimate of $541.69 million.

13 brokerages have issued 12 month price objectives for Planet Fitness' stock. Their forecasts range from $55.00 to $100.00. On average, they anticipate Planet Fitness' stock price to reach $84.00 in the next twelve months. This suggests a possible upside of 7.1% from the stock's current price.
View analysts' price targets for Planet Fitness or view top-rated stocks among Wall Street analysts.

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 Luxottica Group (LUXTY), ViacomCBS (VIAC), Sirius XM (SIRI), DraftKings (DKNG), Rogers Communications (RCI), Discovery (DISCB), Carnival Co. & (CCL), AMC Entertainment (AMC), Caesars Entertainment (CZR), DISH Network (DISH), FOX (FOXA), Royal Caribbean Group (RCL), Warner Music Group (WMG), FOX (FOX) and MGM Resorts International (MGM).
View all of PLNT's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Planet Fitness investors own include NVIDIA (NVDA), Alibaba Group (BABA), The Walt Disney (DIS), Micron Technology (MU), PayPal (PYPL), Advanced Micro Devices (AMD), Tesla (TSLA), salesforce.com (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 acted 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 many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.85%), BlackRock Inc. (6.85%), Price T Rowe Associates Inc. MD (3.62%), Bank of New York Mellon Corp (3.48%), Morgan Stanley (2.66%) and Alliancebernstein L.P. (2.50%). Company insiders that own Planet Fitness stock include Brian O'donnell, Christopher Rondeau, Craig Jeffrey Miller, Craig R Benson, Dorvin D Lively, Thomas J Fitzgerald III and William Bode.
View institutional ownership trends for Planet Fitness.

PLNT stock was sold by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., Vanguard Group Inc., Man Group plc, Bloom Tree Partners LLC, SG Americas Securities LLC, Putnam Investments LLC, Nuveen Asset Management LLC, and Bank of Nova Scotia. Company insiders that have sold Planet Fitness company stock in the last year include Brian O'donnell, Christopher Rondeau, Dorvin D Lively, and William Bode.
View insider buying and selling activity for Planet Fitness or view top insider-selling stocks.

PLNT stock was purchased by a variety of institutional investors in the last quarter, including Amundi, Bank of New York Mellon Corp, Bares Capital Management Inc., BlackRock Inc., Millennium Management LLC, Deutsche Bank AG, Senvest Management LLC, and MUFG Securities EMEA plc. Company insiders that have bought Planet Fitness stock in the last two years include Christopher Rondeau, Craig Jeffrey Miller, Craig R Benson, Dorvin D Lively, and Thomas J Fitzgerald III.
View insider buying and selling activity for Planet Fitness or or view top insider-buying stocks.

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.
Compare Top Brokerages Here.

One share of PLNT stock can currently be purchased for approximately $78.41.

Planet Fitness has a market capitalization of $6.79 billion and generates $406.62 million in revenue each year. The company earns $-14,990,000.00 in net income (profit) each year or $0.04 on an earnings per share basis.

Planet Fitness employs 1,387 workers across the globe.

The official website for Planet Fitness is www.planetfitness.com.

Planet Fitness is headquartered at 4 LIBERTY LANE WEST, HAMPTON NH, 03842.

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].