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 declared that its Board of Directors has initiated a share repurchase program on Friday, February 23rd 2018, which allows the company to buyback $80,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Planet Fitness Inc (NYSE:PLNT) issued its quarterly earnings results on Tuesday, May, 8th. The company reported $0.27 EPS for the quarter, meeting analysts' consensus estimates of $0.27. The company had revenue of $121.30 million for the quarter, compared to analyst estimates of $115.75 million. Planet Fitness had a net margin of 9.60% and a negative return on equity of 64.81%. 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 business earned $0.19 EPS. View Planet Fitness' Earnings History.

Planet Fitness updated its FY18 earnings guidance on Tuesday, May, 8th. The company provided earnings per share guidance of +40% to ~$1.18 for the period, compared to the Thomson Reuters consensus earnings per share 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 12-month target prices for Planet Fitness' shares. Their predictions range from $35.00 to $56.00. On average, they expect Planet Fitness' stock price to reach $46.5556 in the next twelve months. This suggests that the stock has a possible downside of 6.6%. 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 Wynn Resorts (WYNN), Lululemon Athletica (LULU), MGM Resorts International (MGM), Mohawk Industries (MHK), Wynn Macau (WYNMF), Discovery Inc Series B (DISCB), DISH Network (DISH), TAKE-TWO INTERACTIVE SOFTWARE, INC Common Stock (TTWO), ANTA Sports Products (ANPDF), Liberty Broadband Corp Series C (LBRDK), Liberty Broadband Corp Series A (LBRDA), DISCOVERY COMMUNICATIONS INC. Common Stock (DISCA), Viacom, Inc. Class A (VIA), UBISOFT Entmt S/ADR (UBSFY) and New Oriental Education & Tech Grp (EDU).

(PLNT) raised $202 million in an initial public offering 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.

Press coverage about PLNT stock has been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Planet Fitness earned a news sentiment score of 0.02 on Accern's scale. They also assigned news articles about the company an impact score of 46.87 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term.

Planet Fitness' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Fred Alger Management Inc. (0.86%), Capital One National Association (0.08%), Nippon Life Global Investors Americas Inc. (0.06%), KAMES CAPITAL plc (0.05%), Xact Kapitalforvaltning AB (0.01%) and Amalgamated Bank (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 Fred Alger Management Inc., Fortaleza Asset Management Inc. and 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 Nippon Life Global Investors Americas Inc., Campbell & CO Investment Adviser LLC, KAMES CAPITAL plc, Xact Kapitalforvaltning AB and Amalgamated Bank. 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 $49.87.

Planet Fitness has a market capitalization of $4.83 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]