BidaskClub upgraded shares of Planet Fitness, Inc. (NYSE:PLNT) from a sell rating to a hold rating in a research report report published on Saturday.

Other research analysts have also recently issued reports about the company. Roth Capital reaffirmed a buy rating and issued a $23.00 target price on shares of Planet Fitness in a research report on Wednesday, May 3rd. Imperial Capital raised their target price on Planet Fitness from $24.00 to $25.00 and gave the stock an outperform rating in a research report on Thursday, May 4th. Guggenheim reissued a buy rating and set a $24.00 price objective on shares of Planet Fitness in a report on Monday, April 24th. Jefferies Group LLC reissued a buy rating and set a $26.00 price objective on shares of Planet Fitness in a report on Tuesday, June 6th. Finally, Zacks Investment Research raised Planet Fitness from a hold rating to a buy rating and set a $25.00 price objective for the company in a report on Wednesday, July 12th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Planet Fitness presently has a consensus rating of Buy and an average target price of $25.09.

Shares of Planet Fitness (NYSE:PLNT) opened at 23.36 on Friday. Planet Fitness has a one year low of $18.32 and a one year high of $25.10. The firm has a market capitalization of $1.69 billion, a PE ratio of 43.42 and a beta of 0.90. The firm’s 50 day moving average is $23.05 and its 200-day moving average is $21.16.

ILLEGAL ACTIVITY NOTICE: “Planet Fitness, Inc. (PLNT) Raised to “Hold” at BidaskClub” was originally reported by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece can be read at https://www.dailypolitical.com/2017/08/08/planet-fitness-inc-plnt-raised-to-hold-at-bidaskclub-2.html.

In other news, Director Charles Esserman sold 16,085,510 shares of the firm’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $20.28, for a total value of $326,214,142.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 19.87% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. acquired a new stake in shares of Planet Fitness during the first quarter worth $136,000. Fortaleza Asset Management Inc. raised its stake in shares of Planet Fitness by 57.9% in the second quarter. Fortaleza Asset Management Inc. now owns 7,830 shares of the company’s stock worth $183,000 after buying an additional 2,870 shares during the period. FNY Partners Fund LP acquired a new stake in shares of Planet Fitness during the first quarter worth $154,000. Trellus Management Company LLC acquired a new stake in shares of Planet Fitness during the second quarter worth $233,000. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Planet Fitness by 412.9% in the second quarter. BNP Paribas Arbitrage SA now owns 10,093 shares of the company’s stock worth $236,000 after buying an additional 8,125 shares during the period. Institutional investors own 94.72% of the company’s stock.

Planet Fitness Company Profile

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 the Company’s franchising business in the United States, Puerto Rico, the Dominican Republic and Canada.

Analyst Recommendations for Planet Fitness (NYSE:PLNT)

Receive News & Ratings for Planet Fitness Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Planet Fitness Inc. and related companies with MarketBeat.com's FREE daily email newsletter.