Planet Fitness Inc (NYSE: PLNT) is 15.96% higher on its value in year-to-date trading and has touched a low of $54.05 and a high of $85.08 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 $79.77 in the last trading session, with the day’s gains setting it 4.88%.
Currently trading at $84.65, the stock is 5.40% and 4.23% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.08 million and changing 6.12% at the moment leaves the stock 18.75% off its SMA200. PLNT registered 53.43% gain for a year compared to 6-month gain of 36.86%. The firm has a 50-day simple moving average (SMA 50) of $81.1584 and a 200-day simple moving average (SMA200) of $71.22615.
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The stock witnessed a 5.08% loss in the last 1 month and extending the period to 3 months gives it a 8.19%, and is 7.83% 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 2.64% over the week and 2.46% over the month.
Planet Fitness Inc (PLNT) has around 3411 employees, a market worth around $7.21B and $1.11B in sales. Current P/E ratio is 46.41 and Fwd P/E is 29.90. Profit margin for the company is 14.16%. Distance from 52-week low is 56.61% and -0.51% from its 52-week high. The company has generated returns on investments over the last 12 months (7.03%).
The EPS is expected to grow by 8.81% this year
483.0 institutions hold shares in Planet Fitness Inc (PLNT), with institutional investors hold 120.08% of the company’s shares. The shares outstanding are 86.76M, and float is at 84.16M with Short Float at 4.48%. Institutions hold 119.53% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 10.28 million shares valued at $756.65 million. The investor’s holdings represent 11.8444 of the PLNT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 8.33 million shares valued at $612.76 million to account for 9.5919 of the shares outstanding. The other top investors are SRS INVESTMENT MANAGEMENT, LLC which holds 6.11 million shares representing 7.0402 and valued at over $449.75 million, while AMUNDI holds 4.8556 of the shares totaling 4.22 million with a market value of $311.65 million.
Planet Fitness Inc (PLNT) Insider Activity
The most recent transaction is an insider sale by Bode William, the company’s Div. President, U.S. Franchise. SEC filings show that Bode William sold 2,000 shares of the company’s common stock on Aug 14 ’24 at a price of $79.02 per share for a total of $0.16 million. Following the sale, the insider now owns 27504.0 shares.
Still, SEC filings show that on Aug 07 ’24, O’Donnell Brian (SVP, Chief Accounting Officer) disposed off 6,424 shares at an average price of $77.39 for $0.5 million. The insider now directly holds 6,778 shares of Planet Fitness Inc (PLNT).
