Planet Fitness (PLNT) Getting Somewhat Favorable Media Coverage, Report Finds
News headlines about Planet Fitness (NYSE:PLNT) have been trending somewhat positive on Thursday, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Planet Fitness earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave news headlines about the company an impact score of 45.5644252903831 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have effected Accern’s analysis:
- Planet Fitness, Inc. (PLNT) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Planet Fitness, Inc. (PLNT) Reaches $34.65 52-Week High; Last … – Hill Country Times (hillcountrytimes.com)
- Planet Fitness (PLNT) Upgraded by Zacks Investment Research to “Buy” (americanbankingnews.com)
- Christopher Rondeau Sells 120,000 Shares of Planet Fitness, Inc. (PLNT) Stock (americanbankingnews.com)
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Planet Fitness from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Thursday. Piper Jaffray Companies reissued an “overweight” rating on shares of Planet Fitness in a research note on Monday, December 18th. DA Davidson began coverage on shares of Planet Fitness in a research note on Monday, November 20th. They set a “buy” rating on the stock. Cowen reissued a “buy” rating and set a $30.00 price target on shares of Planet Fitness in a research note on Friday, November 10th. Finally, Jefferies Group reissued a “buy” rating and set a $33.00 price target on shares of Planet Fitness in a research note on Friday, November 10th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $30.60.
Planet Fitness (NYSE PLNT) traded up $0.19 during mid-day trading on Thursday, hitting $34.82. 724,264 shares of the company’s stock traded hands, compared to its average volume of 1,192,715. The stock has a market capitalization of $3,420.00 and a P/E ratio of 51.97. Planet Fitness has a 52-week low of $18.32 and a 52-week high of $34.87. The company has a debt-to-equity ratio of -5.00, a current ratio of 1.57 and a quick ratio of 1.56.
Planet Fitness (NYSE:PLNT) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. The firm had revenue of $97.50 million for the quarter, compared to the consensus estimate of $93.55 million. Planet Fitness had a net margin of 11.44% and a negative return on equity of 44.91%. The business’s revenue was up 12.1% compared to the same quarter last year. During the same period last year, the firm posted $0.16 earnings per share. equities analysts forecast that Planet Fitness will post 0.82 EPS for the current fiscal year.
In other news, CEO Christopher Rondeau sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $25.87, for a total value of $517,400.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Dorvin D. Lively sold 144,557 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $31.80, for a total transaction of $4,596,912.60. Following the completion of the transaction, the chief financial officer now owns 38,674 shares in the company, valued at approximately $1,229,833.20. The disclosure for this sale can be found here. Insiders sold 1,114,427 shares of company stock worth $34,052,622 in the last 90 days. Company insiders own 19.87% of the company’s stock.
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About Planet Fitness
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.
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