Insider Selling: Planet Fitness Inc (PLNT) CEO Sells 20,000 Shares of Stock

Planet Fitness Inc (NYSE:PLNT) CEO Christopher Rondeau sold 20,000 shares of Planet Fitness stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $20.19, for a total value of $403,800.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Christopher Rondeau also recently made the following trade(s):

  • On Tuesday, May 2nd, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was sold at an average price of $20.28, for a total value of $405,600.00.
  • On Tuesday, April 18th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was sold at an average price of $18.69, for a total value of $373,800.00.
  • On Wednesday, April 19th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was sold at an average price of $18.67, for a total value of $373,400.00.
  • On Thursday, April 6th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was sold at an average price of $19.27, for a total value of $385,400.00.
  • On Friday, April 7th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $19.13, for a total value of $382,600.00.
  • On Thursday, March 23rd, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $19.73, for a total value of $394,600.00.
  • On Wednesday, March 22nd, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $19.73, for a total value of $394,600.00.
  • On Monday, March 6th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $21.31, for a total value of $426,200.00.
  • On Tuesday, March 7th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $20.82, for a total value of $416,400.00.
  • On Thursday, February 23rd, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $21.09, for a total value of $421,800.00.

Planet Fitness Inc (NYSE:PLNT) traded up 2.38% on Friday, reaching $20.68. The company had a trading volume of 1,197,779 shares. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 38.44 and a beta of 0.91. The company’s 50 day moving average is $19.79 and its 200-day moving average is $20.59. Planet Fitness Inc has a one year low of $16.91 and a one year high of $25.10.

Planet Fitness (NYSE:PLNT) last issued its quarterly earnings data on Tuesday, May 2nd. The company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.03. Planet Fitness had a net margin of 3.65% and a return on equity of 485.81%. The business had revenue of $91.10 million during the quarter, compared to analyst estimates of $91.33 million. On average, equities research analysts expect that Planet Fitness Inc will post $0.47 earnings per share for the current fiscal year.

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

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A number of hedge funds have recently modified their holdings of the company. State Street Corp raised its stake in shares of Planet Fitness by 58.2% in the fourth quarter. State Street Corp now owns 430,303 shares of the company’s stock valued at $8,645,000 after buying an additional 158,345 shares during the period. Frontier Capital Management Co. LLC bought a new stake in shares of Planet Fitness during the fourth quarter valued at approximately $1,253,000. Russell Investments Group Ltd. bought a new stake in shares of Planet Fitness during the fourth quarter valued at approximately $3,323,000. Summit Partners Public Asset Management LLC raised its stake in shares of Planet Fitness by 290.5% in the third quarter. Summit Partners Public Asset Management LLC now owns 390,455 shares of the company’s stock valued at $7,836,000 after buying an additional 290,455 shares during the period. Finally, Capital World Investors raised its stake in shares of Planet Fitness by 6.9% in the third quarter. Capital World Investors now owns 3,558,286 shares of the company’s stock valued at $71,415,000 after buying an additional 229,000 shares during the period. Institutional investors and hedge funds own 90.78% of the company’s stock.

PLNT has been the topic of a number of recent analyst reports. Imperial Capital dropped their price objective on Planet Fitness from $26.00 to $24.00 and set an “outperform” rating on the stock in a research note on Thursday, February 2nd. Wedbush downgraded Planet Fitness from an “outperform” rating to a “neutral” rating in a research note on Friday, March 24th. They noted that the move was a valuation call. Robert W. Baird reissued an “outperform” rating and issued a $28.00 price objective on shares of Planet Fitness in a research note on Thursday, April 6th. Guggenheim reaffirmed a “buy” rating and set a $24.00 price target on shares of Planet Fitness in a research note on Thursday, April 6th. Finally, Zacks Investment Research downgraded Planet Fitness from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $24.15.

Planet Fitness Company Profile

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.

12 Month Chart for NYSE:PLNT

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