Planet Fitness, Inc. (NYSE:PLNT) Stock Has Average Price Target of $70.24 According to Brokerages

Planet Fitness, Inc. (NYSE:PLNT) has earned an average recommendation of “Moderate Buy” from the twenty-two brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $69.34.

Several research analysts recently commented on the stock. Canaccord Genuity Group increased 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. Cantor Fitzgerald set a $62.00 price target on shares of Planet Fitness in a research note on Thursday, July 9th. UBS Group reiterated an “overweight” rating on shares of Planet Fitness in a research note on Friday, September 25th. Raymond James Financial reissued a “strong-buy” rating and set a $62.00 price target on shares of Planet Fitness in a research report on Friday, August 7th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Planet Fitness in a research note on Monday, September 14th.

Planet Fitness Stock Performance

NYSE PLNT opened at $43.17 on Thursday. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 0.91 and a beta of 1.05. The stock’s 50 day moving average price is $49.30 and its two-hundred day moving average price is $55.39. Planet Fitness has a 52 week low of $37.03 and a 52 week high of $114.26.

Planet Fitness (NYSE:PLNT) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.88 earnings per share for the quarter, topping 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 firm had revenue of $365.22 million during the quarter, compared to the consensus estimate of $356.21 million. During the same quarter in the prior year, the firm posted $0.86 EPS. The business’s revenue was up 7.1% on a year-over-year basis. Planet Fitness has set its FY 2026 guidance at 3.254-3.254 EPS. On average, equities research analysts forecast that Planet Fitness will post 3.21 EPS for the current year.

Insider Buying and Selling

In related news, Director Christopher Tanco purchased 2,328 shares of the firm’s stock in a transaction on Monday, September 14th. The stock was purchased at an average cost of $51.23 per share, for a total transaction of $119,263.44. Following the completion of the purchase, the director directly owned 2,328 shares in the company, valued at $119,263.44. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO William Bode sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $51.22, for a total value of $358,540.00. Following the transaction, the chief operating officer directly owned 32,939 shares in the company, valued at $1,687,135.58. This trade represents a 17.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Planet Fitness

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Clearstead Advisors LLC grew its stake in shares of Planet Fitness by 135.9% in the fourth quarter. Clearstead Advisors LLC now owns 335 shares of the company’s stock valued at $36,000 after buying an additional 193 shares in the last quarter. Versant Capital Management Inc lifted its stake in Planet Fitness by 285.9% in the 2nd quarter. Versant Capital Management Inc now owns 494 shares of the company’s stock valued at $26,000 after purchasing an additional 366 shares during the last quarter. SHP Wealth Management acquired a new stake in Planet Fitness in the 4th quarter valued at about $71,000. EverSource Wealth Advisors LLC grew its holdings in Planet Fitness by 142.6% during the first quarter. EverSource Wealth Advisors LLC now owns 985 shares of the company’s stock worth $73,000 after purchasing an additional 579 shares during the period. Finally, CoreCap Advisors LLC grew its holdings in Planet Fitness by 2,278.7% during the second quarter. CoreCap Advisors LLC now owns 1,118 shares of the company’s stock worth $58,000 after purchasing an additional 1,071 shares during the period. Institutional investors own 95.53% of the company’s stock.

Planet Fitness Company Profile

Planet Fitness, Inc (NYSE: PLNT) is a fitness center franchisor and operator known for its “Judgement Free Zone” brand. The company provides affordable, no-commitment gym memberships designed to appeal to a broad range of consumers, including first-time and casual gym users.

Planet Fitness clubs typically offer cardiovascular and strength-training equipment, free weights, locker rooms, fitness training and other member amenities. The company also provides digital fitness content and tools through its mobile app and online platforms.