Sunday, December 3

A Peek At What Planet Fitness Inc. (PLNT) Insiders Are Doing

Planet Fitness Inc. (NYSE:PLNT) saw a downside of -0.24% to close Friday at $92.65 after subtracting -$0.22 on the day. The 5-day average trading volume is 912,160 shares of the company’s common stock. It has gained $96.44 in the past week and touched a new high 3 times within the past 5 days. An average of 930,815 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 911,554.

PLNT’s 1-month performance is 11.55% or $8.23 on its low of $79.19 reached on 01/24/22. The company’s shares have touched a 52-week low of $67.89 and high of $99.60, with the stock’s rally to the 52-week high happening on 01/12/22. YTD, PLNT has achieved 2.29% or $2.07 and has reached a new high 3 times. However, the current price is down -6.98%% from the 52-week high price.

Insider Transactions

On Nov 22, 89 days have gone by since the last insider trading activity for Planet Fitness Inc. (PLNT). Tucker Jeremy (Chief Marketing Officer) most recently sold 111 shares at $90.59 per share on Nov 22. This transaction cost the insider $10,055. Chief Executive Officer, Rondeau Christopher, sold 150,000 shares at a price of $96.07 on Nov 08. Then, on Aug 27, President LIVELY DORVIN D sold 51,533 shares at a price of $80.80 per share. This transaction amounted to $4,163,722.

Valuation Metrics

PLNT stock has a beta of 1.19. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 15.34 while the price to cash flow ratio at 60.99.

Planet Fitness Inc.’s quick ratio for the period ended September 29 was 3.90, with the current ratio over the same period at 3.90. In terms of profitability, the gross margin trailing 12 months is 54.70%. The trailing 12-month EBITDA margin is 27.95% while for the period ending September 29, Planet Fitness Inc.’s operating margin was 27.30%. The firm’s gross profit as reported stood at $335.66 million against revenue of $406.62 million.

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Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 267.32% to $17.44 million, while revenue of $14.01 million was 19.67% off the previous quarter. Analysts expected PLNT to announce $0.18 per share in earnings in its latest quarter, but it posted $0.25, representing a 38.90% surprise. EBITDA for the quarter stood at more than $62.41 million. PLNT stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 2.61 billion, with total debt at $1.97 billion. Shareholders hold equity totaling $86.61 million.

Technical Picture

Let’s look briefly at Planet Fitness Inc. (PLNT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 February was 55.27% to suggest the stock is trending Neutral, with historical volatility in this time period at 40.40%.

The stock’s 5-day moving average is $93.80, reflecting a +0.41% or $0.38 change from its current price. PLNT is currently trading +10.49% above its 20-day SMA, +16.18% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +3.95% and +14.98% respectively.

Stochastic %K and %D was 74.58% and 81.08% and the average true range (ATR) pointed at 3.54. The RSI (14) points at 55.49%, while the 14-day stochastic is at 64.02% with the period’s ATR at 3.61. The stock’s 9-day MACD Oscillator is pointing at 0.10 and 2.23 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Planet Fitness Inc. (NYSE: PLNT), Cowen reiterated its an Outperform rating for the company but lifted their price target by $100 to $110. Analysts offering their rating for PLNT stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate PLNT as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 11 have offered a “buy” rating.

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What is PLNT’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $62.00 and a high of $115.00, with their median price target at $105.00. Looking at these predictions, the average price target given by analysts is for Planet Fitness Inc. (PLNT) stock is $100.40.

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