Planet Fitness, Inc. (NYSE:PLNT) CFO Dorvin D. Lively sold 144,557 shares of the company’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $31.80, for a total transaction of $4,596,912.60. Following the completion of the sale, the chief financial officer now directly owns 38,674 shares in the company, valued at $1,229,833.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Planet Fitness, Inc. (NYSE PLNT) opened at $31.83 on Thursday. The stock has a market cap of $3,099.42, a price-to-earnings ratio of 39.39, a P/E/G ratio of 2.43 and a beta of 1.00. Planet Fitness, Inc. has a 12 month low of $18.32 and a 12 month high of $32.92. The company has a debt-to-equity ratio of -5.00, a quick ratio of 1.56 and a current ratio of 1.57.

Planet Fitness (NYSE:PLNT) last issued its earnings results on Tuesday, November 7th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The company had revenue of $97.50 million for the quarter, compared to the consensus estimate of $93.55 million. The firm’s revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.16 earnings per share. analysts predict that Planet Fitness, Inc. will post 0.82 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Alliancebernstein L.P. raised its holdings in Planet Fitness by 15.9% during the second quarter. Alliancebernstein L.P. now owns 6,892,227 shares of the company’s stock worth $160,865,000 after buying an additional 943,921 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Planet Fitness by 15.8% during the third quarter. Bank of New York Mellon Corp now owns 6,611,176 shares of the company’s stock worth $178,370,000 after buying an additional 902,240 shares during the last quarter. Vanguard Group Inc. raised its holdings in Planet Fitness by 30.2% during the second quarter. Vanguard Group Inc. now owns 6,481,876 shares of the company’s stock worth $151,286,000 after buying an additional 1,504,593 shares during the last quarter. BlackRock Inc. raised its holdings in Planet Fitness by 108.4% during the second quarter. BlackRock Inc. now owns 4,799,995 shares of the company’s stock worth $112,033,000 after buying an additional 2,496,984 shares during the last quarter. Finally, Investec Asset Management LTD acquired a new position in Planet Fitness during the third quarter worth $115,312,000.

PLNT has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Planet Fitness from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research note on Thursday, October 26th. Bank of America upped their price objective on shares of Planet Fitness from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Jefferies Group reaffirmed a “buy” rating and issued a $29.00 price objective on shares of Planet Fitness in a research note on Thursday, October 19th. BidaskClub lowered shares of Planet Fitness from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Finally, DA Davidson initiated coverage on shares of Planet Fitness in a research note on Monday, November 20th. They set a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Planet Fitness has a consensus rating of “Buy” and an average target price of $29.60.

TRADEMARK VIOLATION WARNING: “Dorvin D. Lively Sells 144,557 Shares of Planet Fitness, Inc. (PLNT) Stock” was reported by Daily Political and is the property of of Daily Political. If you are accessing this story on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this story can be read at https://www.dailypolitical.com/2017/12/14/dorvin-d-lively-sells-144557-shares-of-planet-fitness-inc-plnt-stock.html.

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

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

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