Planet Fitness Inc (NYSE: PLNT) is -8.85% lower on its value in year-to-date trading and has touched a low of $54.35 and a high of $110.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PLNT stock was last observed hovering at around $99.24 in the last trading session, with the day’s loss setting it -9.12%.
Currently trading at $90.12, the stock is -13.05% and -12.09% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.24 million and changing -9.19% at the moment leaves the stock 5.94% off its SMA200. PLNT registered 44.47% gain for a year compared to 6-month gain of 12.81%.
The stock witnessed a -14.08% loss in the last 1 month and extending the period to 3 months gives it a -8.30%, and is -9.99% down 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 3.99% over the week and 2.83% over the month.
Planet Fitness Inc (PLNT) has around 3411 employees, a market worth around $7.63B and $1.18B in sales. Current P/E ratio is 44.92 and Fwd P/E is 26.34. Profit margin for the company is 14.56%. Distance from 52-week low is 65.81% and -18.07% from its 52-week high. The company has generated returns on investments over the last 12 months (7.36%).
with sales reaching $281.66M over the same period.The EPS is expected to grow by 12.89% this year, but quarterly earnings will post 10.07% year-over-year. Quarterly sales are estimated to grow 13.57% in year-over-year returns.
Planet Fitness Inc (PLNT) Top Institutional Holders
The shares outstanding are 84.32M, and float is at 83.77M with Short Float at 5.37%.
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 4,641 shares of the company’s common stock on Dec 05 ’24 at a price of $100.14 per share for a total of $0.46 million. Following the sale, the insider now owns 22063.0 shares.
Planet Fitness Inc disclosed in a document filed with the SEC on Nov 15 ’24 that Fitzgerald Thomas J III (Chief Financial Officer) sold a total of 16,848 shares of the company’s common stock. The trade occurred on Nov 15 ’24 and was made at $94.89 per share for $1.6 million. Following the transaction, the insider now directly holds 27284.0 shares of the PLNT stock.
Still, SEC filings show that on Nov 14 ’24, Simmons Jennifer (Div President, Corp Stores) disposed off 11,453 shares at an average price of $96.20 for $1.1 million. The insider now directly holds 19,110 shares of Planet Fitness Inc (PLNT).
