Insider Selling: Planet Fitness (NYSE:PLNT) COO Sells $358,540.00 in Stock

Planet Fitness, Inc. (NYSE:PLNT) COO William Bode sold 7,000 shares of the firm’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $51.22, for a total transaction of $358,540.00. Following the completion of the sale, the chief operating officer owned 32,939 shares of the company’s stock, valued at $1,687,135.58. The trade was a 17.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Planet Fitness Price Performance

PLNT stock opened at $49.48 on Friday. The stock has a market capitalization of $3.74 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 1.08 and a beta of 1.01. The company’s 50-day moving average is $52.26 and its 200-day moving average is $58.75. Planet Fitness, Inc. has a 1 year low of $37.03 and a 1 year high of $114.26.

Planet Fitness (NYSE:PLNT) last issued its earnings results on Thursday, August 6th. The company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.03. Planet Fitness had a negative return on equity of 59.46% and a net margin of 16.88%.The business had revenue of $365.22 million during the quarter, compared to analyst estimates of $356.21 million. During the same period in the previous year, the company posted $0.86 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. Planet Fitness has set its FY 2026 guidance at 3.254-3.254 EPS. On average, analysts anticipate that Planet Fitness, Inc. will post 3.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Planet Fitness

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Coldstream Capital Management Inc. raised its holdings in shares of Planet Fitness by 4.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 3,782 shares of the company’s stock valued at $410,000 after buying an additional 168 shares in the last quarter. Clearstead Advisors LLC raised its stake in shares of Planet Fitness by 135.9% during the fourth quarter. Clearstead Advisors LLC now owns 335 shares of the company’s stock worth $36,000 after acquiring an additional 193 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Planet Fitness by 15.5% in the 2nd quarter. Allworth Financial LP now owns 1,699 shares of the company’s stock worth $89,000 after acquiring an additional 228 shares during the last quarter. Fulton Bank N.A. lifted its holdings in shares of Planet Fitness by 3.9% in the 2nd quarter. Fulton Bank N.A. now owns 6,956 shares of the company’s stock worth $363,000 after acquiring an additional 262 shares during the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of Planet Fitness by 34.1% in the 4th quarter. Larson Financial Group LLC now owns 1,145 shares of the company’s stock valued at $124,000 after purchasing an additional 291 shares in the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Canaccord Genuity Group upped their target price on shares of Planet Fitness from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Weiss Ratings reissued a “sell (d+)” rating on shares of Planet Fitness in a report on Monday. KeyCorp reissued an “overweight” rating on shares of Planet Fitness in a research note on Friday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $55.00 target price on shares of Planet Fitness in a report on Wednesday, July 22nd. Finally, TD Cowen reiterated a “hold” rating on shares of Planet Fitness in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Planet Fitness has an average rating of “Moderate Buy” and a consensus price target of $70.24.

About Planet Fitness

Planet Fitness, Inc (NYSE: PLNT) is a franchised fitness-center company that operates under the Planet Fitness brand. Its clubs provide access to cardiovascular and strength-training equipment, free weights, locker rooms, and other basic fitness amenities in a low-cost, welcoming environment designed to appeal to a broad range of consumers.

The company is known for its “Judgement Free Zone” concept, which emphasizes an approachable atmosphere for first-time, casual, and experienced gym users.