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 the company’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $20.28, for a total transaction of $405,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Wednesday, May 3rd, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was sold at an average price of $20.19, for a total value of $403,800.00.
  • On Tuesday, April 18th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were 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 shares were 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 transaction of $385,400.00.
  • On Friday, April 7th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was sold at an average price of $19.13, for a total transaction of $382,600.00.
  • On Thursday, March 23rd, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was 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 stock was 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 stock was sold at an average price of $21.09, for a total value of $421,800.00.

Shares of Planet Fitness Inc (NYSE:PLNT) opened at 21.63 on Friday. The firm has a 50 day moving average of $20.08 and a 200 day moving average of $20.59. Planet Fitness Inc has a 52 week low of $16.91 and a 52 week high of $25.10. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 40.20 and a beta of 0.91.

Planet Fitness (NYSE:PLNT) last announced its earnings results on Tuesday, May 2nd. The company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.03. The company had revenue of $91.10 million during the quarter, compared to the consensus estimate of $91.33 million. Planet Fitness had a net margin of 3.65% and a return on equity of 485.81%. Equities analysts predict 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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Several brokerages have weighed in on PLNT. Imperial Capital reiterated an “outperform” rating and issued a $24.00 target price on shares of Planet Fitness in a report on Friday, March 3rd. Roth Capital set a $23.00 price target on Planet Fitness and gave the stock a “buy” rating in a research report on Thursday, March 2nd. Cowen and Company reaffirmed a “buy” rating and set a $23.00 target price (down from $25.00) on shares of Planet Fitness in a research report on Thursday, March 2nd. Zacks Investment Research upgraded Planet Fitness from a “strong sell” rating to a “hold” rating in a research note on Saturday, March 4th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $25.00 target price (down previously from $27.00) on shares of Planet Fitness in a research note on Thursday, March 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $24.15.

Large investors have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. acquired a new stake in Planet Fitness during the first quarter worth $136,000. FNY Partners Fund LP purchased a new stake in shares of Planet Fitness during the first quarter valued at approximately $154,000. Fortaleza Asset Management Inc. increased its stake in shares of Planet Fitness by 50.1% in the fourth quarter. Fortaleza Asset Management Inc. now owns 9,885 shares of the company’s stock valued at $199,000 after buying an additional 3,300 shares during the last quarter. Princeton Alpha Management LP purchased a new stake in shares of Planet Fitness during the first quarter valued at approximately $224,000. Finally, Guggenheim Capital LLC bought a new position in Planet Fitness during the fourth quarter valued at $228,000. 90.78% of the stock is owned by institutional investors and hedge funds.

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.

12 Month Chart for NYSE:PLNT

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