New Big Money Means Planet Fitness Inc. (PLNT) Investors Could Reap Benefit

401 institutions hold shares in Planet Fitness Inc. (PLNT), with 153.22k shares held by insiders accounting for 0.19% while institutional investors hold 105.77% of the company’s shares. The shares outstanding are 80.22M, and float is at 74.62M with Short Float at 8.30%. Institutions hold 105.58% of the Float.

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The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 7.61 million shares valued at $590.53 million. The investor’s holdings represent 9.30% of the PLNT Shares outstanding. As of Dec 30, 2020, the second largest holder is Srs Investment Management, Llc with 7.05 million shares valued at $547.15 million to account for 8.61% of the shares outstanding. The other top investors are Blackrock Inc. which holds 6.49 million shares representing 7.93% and valued at over $503.86 million, while Price (T.Rowe) Associates Inc holds 5.74% of the shares totaling 4.69 million with a market value of $364.31 million.

Planet Fitness Inc. (NYSE: PLNT) is 8.18% higher on its value in year-to-date trading and has touched a low of $23.77 and a high of $86.50 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PLNT stock was last observed hovering at around $81.55 in the last trading session, with the day’s gains setting it 2.43% off its average median price target of $86.00 for the next 12 months. It is also 11.6% off the consensus price target high of $95.00 offered by 16 analysts, but current levels are -52.69% lower than the price target low of $55.00 for the same period.

Currently trading at $83.98, the stock is 9.78% and 8.48% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.05 million and changing 2.98% at the moment leaves the stock 26.85% off its SMA200. PLNT registered -0.31% loss for a year compared to 6-month gain of 48.87%. The firm has a 50-day simple moving average (SMA 50) of $78.05 and a 200-day simple moving average (SMA200) of $68.87.

The stock witnessed a 5.86% loss in the last 1 month and extending the period to 3 months gives it a 25.89%, and is 9.69% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.59% over the week and 4.69% over the month.

Planet Fitness Inc. (PLNT) has around 1464 employees, a market worth around $7.38B and $406.60M in sales. Fwd P/E is 42.61. Profit margin for the company is 8.60%. Distance from 52-week low is 253.30% and -2.91% from its 52-week high. The company has generated returns on investments over the last 12 months (19.60%).

Planet Fitness Inc. (PLNT) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Planet Fitness Inc. (PLNT) is a “Overweight”. 16 analysts offering their recommendations for the stock have an average rating of 2.10, where 5 rate it as a Hold and 1 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

Planet Fitness Inc. is expected to release its quarterly report on 05/11/2021 and quarterly earnings per share for the current quarter are estimated at $0.19 with sales reaching $122.37M over the same period.The EPS is expected to grow by 40.20% this year, but quarterly earnings will post 38.50% year-over-year. Quarterly sales are estimated to shrink -20.70% in year-over-year returns.

Planet Fitness Inc. (PLNT) Insider Activity

A total of 16 insider transactions have happened at Planet Fitness Inc. (PLNT) in the last six months, with sales accounting for 5 and purchases happening 11 times. The most recent transaction is an insider sale by O’Donnell Brian, the company’s VP, Chief Accounting Officer. SEC filings show that O’Donnell Brian sold 26 shares of the company’s common stock on Jan 06 at a price of $78.28 per share for a total of $2035.0. Following the sale, the insider now owns 2409.0 shares.

Planet Fitness Inc. disclosed in a document filed with the SEC on Dec 08 that Rondeau Christopher (Chief Executive Officer) sold a total of 42,929 shares of the company’s common stock. The trade occurred on Dec 08 and was made at $75.47 per share for $3.24 million. Following the transaction, the insider now directly holds 0.0 shares of the PLNT stock.

Still, SEC filings show that on Dec 04, LIVELY DORVIN D (President) disposed off 100,000 shares at an average price of $74.05 for $7.41 million. The insider now directly holds 44,007 shares of Planet Fitness Inc. (PLNT).

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Planet Fitness Inc. (PLNT): Who are the competitors?

The company’s main competitors (and peers) include Planet Fitness Inc. (PLNT) that is -0.31% lower over the past 12 months. Short interest in the company’s stock has fallen -2.26% from the last report on Dec 30, 2020 to stand at a total of 6.33 million short shares sold with a short interest ratio of 4.61.

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