The stock of Planet Fitness Inc (NYSE:PLNT) last traded at $56.91, up 0.80% from the previous session.
PLNT stock price is now -15.64% away from the 50-day moving average and -10.39% away from the 200-day moving average. The market capitalization of the company currently stands at $4.86B.
With the price target maintained at $45, Exane BNP Paribas recently Upgraded its rating from Underperform to Neutral for Planet Fitness Inc (NYSE: PLNT). On September 27, 2023, Morgan Stanley recently initiated its ‘Overweight’ rating on the stock quoting a target price of $62, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, BENSON CRAIG R, Interim CEO bought 10,000 shares of the company’s stock on Dec 11 ’23. The stock was bought for $681,464 at an average price of $68.15. Upon completion of the transaction, the Interim CEO now directly owns 35,000 shares in the company, valued at $1.99 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 06 ’23, Director Rondeau Christopher sold 1,000,000 shares of the business’s stock. A total of $66,550,000 was realized by selling the stock at an average price of $66.55. A total of 0.77% of the company’s stock is owned by insiders.
During the past 12 months, Planet Fitness Inc has had a low of $44.13 and a high of $84.48. The fifty day moving average price for PLNT is $67.12 and a two-hundred day moving average price translates $63.47 for the stock.
The latest earnings results from Planet Fitness Inc (NYSE: PLNT) was released for Dec, 2023. According to the Leisure Company, earnings per share came in at $0.6, beating analysts’ expectations of $0.58 by 0.02. This compares to $0.43 EPS in the same period last year. The company reported revenue of $285.09 million for the quarter, compared to $281.27 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.36 percent. For the current quarter, analysts expect PLNT to generate $251.33M in revenue.
