Planet Fitness, Inc. (NYSE:PLNT) Director Marc Grondahl sold 94,289 shares of the business’s stock in a transaction on Wednesday, January 11th. The shares were sold at an average price of $20.47, for a total value of $1,930,095.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Marc Grondahl also recently made the following trade(s):

  • On Tuesday, January 10th, Marc Grondahl sold 117,220 shares of Planet Fitness stock. The shares were sold at an average price of $20.07, for a total value of $2,352,605.40.
  • On Monday, January 9th, Marc Grondahl sold 46,251 shares of Planet Fitness stock. The shares were sold at an average price of $20.02, for a total value of $925,945.02.
  • On Friday, January 6th, Marc Grondahl sold 52,591 shares of Planet Fitness stock. The shares were sold at an average price of $20.07, for a total value of $1,055,501.37.
  • On Thursday, January 5th, Marc Grondahl sold 63,092 shares of Planet Fitness stock. The shares were sold at an average price of $20.14, for a total value of $1,270,672.88.
  • On Wednesday, January 4th, Marc Grondahl sold 54,451 shares of Planet Fitness stock. The shares were sold at an average price of $20.24, for a total value of $1,102,088.24.
  • On Tuesday, January 3rd, Marc Grondahl sold 75,197 shares of Planet Fitness stock. The shares were sold at an average price of $20.08, for a total value of $1,509,955.76.
  • On Friday, December 30th, Marc Grondahl sold 60,669 shares of Planet Fitness stock. The shares were sold at an average price of $20.06, for a total value of $1,217,020.14.
  • On Thursday, December 29th, Marc Grondahl sold 31,925 shares of Planet Fitness stock. The shares were sold at an average price of $20.01, for a total value of $638,819.25.
  • On Tuesday, December 27th, Marc Grondahl sold 887 shares of Planet Fitness stock. The shares were sold at an average price of $20.01, for a total value of $17,748.87.
  • On Thursday, December 22nd, Marc Grondahl sold 400 shares of Planet Fitness stock. The shares were sold at an average price of $20.03, for a total value of $8,012.00.

Shares of Planet Fitness, Inc. (NYSE:PLNT) opened at 20.68 on Friday. The stock’s 50 day moving average price is $20.40 and its 200-day moving average price is $20.60. Planet Fitness, Inc. has a 52-week low of $13.23 and a 52-week high of $25.10. The company has a market cap of $1.04 billion, a P/E ratio of 75.20 and a beta of 0.90.

Planet Fitness (NYSE:PLNT) last announced its earnings results on Wednesday, October 26th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.02. The business earned $87 million during the quarter, compared to analyst estimates of $79.32 million. Planet Fitness had a return on equity of 485.81% and a net margin of 3.65%. Planet Fitness’s revenue for the quarter was up 26.5% compared to the same quarter last year. During the same period last year, the company earned $0.10 EPS. Equities analysts expect that Planet Fitness, Inc. will post $0.47 EPS for the current year.

Insider Buying and Selling by Quarter for Planet Fitness (NYSE:PLNT)

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Capital World Investors raised its position in Planet Fitness by 6.9% in the third quarter. Capital World Investors now owns 3,558,286 shares of the company’s stock valued at $71,415,000 after buying an additional 229,000 shares during the period. Vanguard Group Inc. raised its position in Planet Fitness by 66.8% in the second quarter. Vanguard Group Inc. now owns 1,635,810 shares of the company’s stock valued at $30,884,000 after buying an additional 654,918 shares during the period. Citadel Advisors LLC raised its position in Planet Fitness by 339.3% in the second quarter. Citadel Advisors LLC now owns 1,410,132 shares of the company’s stock valued at $26,623,000 after buying an additional 1,089,135 shares during the period. Lord Abbett & CO. LLC acquired a new position in Planet Fitness during the second quarter valued at $23,815,000. Finally, Eagle Asset Management Inc. raised its position in Planet Fitness by 10.0% in the third quarter. Eagle Asset Management Inc. now owns 943,873 shares of the company’s stock valued at $18,943,000 after buying an additional 85,852 shares during the period. 84.51% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have commented on the company. Guggenheim reissued a “buy” rating and issued a $24.00 price objective on shares of Planet Fitness in a research note on Wednesday, November 23rd. Cowen and Company reissued an “outperform” rating and issued a $25.00 price objective (up previously from $24.00) on shares of Planet Fitness in a research note on Thursday, October 27th. Imperial Capital boosted their price objective on Planet Fitness from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, October 31st. Zacks Investment Research raised Planet Fitness from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Saturday, October 29th. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on Planet Fitness in a research note on Thursday, January 5th. They issued an “outperform” rating and a $28.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Planet Fitness currently has an average rating of “Buy” and a consensus price target of $24.17.

About Planet Fitness

Planet Fitness, Inc is a franchisor and operator of fitness centers in the United States. The Company operates through three segments: Franchise, Corporate-owned stores and Equipment. The Franchise segment includes operations related to its franchising business in the United States, Puerto Rico, Canada and the Dominican Republic.

5 Day Chart for NYSE:PLNT

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