NYSE:PLNTPlanet Fitness Stock Price, Forecast & News

Planet Fitness' stock was trading at $57.00 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PLNT stock has increased by 10.5% and is now trading at $62.96. View which stocks have been most impacted by Coronavirus.

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Planet Fitness in the last year. There are currently 3 hold ratings and 14 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Planet Fitness.

Planet Fitness is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Planet Fitness.

Planet Fitness Inc (NYSE:PLNT) released its earnings results on Tuesday, May, 5th. The company reported $0.16 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.36 by $0.20. The company had revenue of $127.23 million for the quarter, compared to analysts' expectations of $152.61 million. Planet Fitness had a net margin of 14.82% and a negative return on equity of 23.53%. Planet Fitness's quarterly revenue was down 14.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 earnings per share. View Planet Fitness' earnings history.

Planet Fitness updated its FY 2020 After-Hours earnings guidance on Tuesday, February, 25th. The company provided EPS guidance of 1.84-1.84 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.90. The company issued revenue guidance of $771.459-771.459 million, compared to the consensus revenue estimate of $782.73 million.

17 brokers have issued 12-month target prices for Planet Fitness' shares. Their forecasts range from $55.00 to $100.00. On average, they anticipate Planet Fitness' share price to reach $76.47 in the next year. This suggests a possible upside of 21.5% from the stock's current price. View analysts' price targets for Planet Fitness.

News articles about PLNT stock have been trending very negative this week, according to InfoTrie Sentiment. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Planet Fitness earned a news impact score of -3.9 on InfoTrie's scale. They also gave media stories about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutPlanet Fitness.

Planet Fitness saw a increase in short interest in May. As of May 15th, there was short interest totaling 8,430,000 shares, an increase of 20.8% from the April 30th total of 6,980,000 shares. Based on an average daily volume of 2,930,000 shares, the days-to-cover ratio is currently 2.9 days. Currently, 10.6% of the shares of the stock are sold short. View Planet Fitness' Current Options Chain.

Some companies that are related to Planet Fitness include Hilton Hotels (HLT), Panasonic (PCRFY), Rogers Communications (RCI), Discovery Inc Series B (DISCB), New Oriental Education & Tech Grp (EDU), SMC (SMNNY), Toshiba (TOSYY), FOX (FOXA), FOX (FOX), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), DISH Network (DISH), Liberty Global (LBTYB), Trip.com Group (TCOM), Roku (ROKU) and Peloton (PTON). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Planet Fitness investors own include Alibaba Group (BABA), NVIDIA (NVDA), Walt Disney (DIS), Micron Technology (MU), Paypal (PYPL), Trade Desk (TTD), Netflix (NFLX), Canopy Growth (CGC), salesforce.com (CRM) and Advanced Micro Devices (AMD).

(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.

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

Planet Fitness' stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.11%), Wellington Management Group LLP (3.69%), Alliancebernstein L.P. (3.18%), Wasatch Advisors Inc. (2.98%), JPMorgan Chase & Co. (2.62%) and Pelham Capital Ltd. (2.29%). Company insiders that own Planet Fitness stock include Christopher Rondeau, Craig Jeffrey Miller, Craig R Benson, David P Berg and Dorvin D Lively. View institutional ownership trends for Planet Fitness.

PLNT stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Artemis Investment Management LLP, Artemis Investment Management LLP, Deutsche Bank AG, Blair William & Co. IL, Jennison Associates LLC, Lord Abbett & CO. LLC, and Two Sigma Advisers LP. View insider buying and selling activity for Planet Fitness.

PLNT stock was bought by a variety of institutional investors in the last quarter, including Wasatch Advisors Inc., Valinor Management L.P., JPMorgan Chase & Co., Eminence Capital LP, Eagle Asset Management Inc., Carillon Tower Advisers Inc., William Blair Investment Management LLC, and KAMES CAPITAL plc. Company insiders that have bought Planet Fitness stock in the last two years include Christopher Rondeau, Craig Jeffrey Miller, Craig R Benson, and Dorvin D Lively. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

One share of PLNT stock can currently be purchased for approximately $62.96.

Planet Fitness has a market capitalization of $5.44 billion and generates $688.80 million in revenue each year. The company earns $117.69 million in net income (profit) each year or $1.59 on an earnings per share basis. Planet Fitness employs 1,464 workers across the globe.

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

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]