Media headlines about Planet Fitness (NYSE:PLNT) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Planet Fitness earned a news impact score of 0.14 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.9619657657405 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Planet Fitness Target of Unusually Large Options Trading (PLNT) (americanbankingnews.com)
- Christopher Rondeau Sells 26,377 Shares of Planet Fitness (PLNT) Stock (americanbankingnews.com)
- Berenberg Bank Initiates Coverage on Planet Fitness (PLNT) (americanbankingnews.com)
- Planet Fitness (PLNT) Given Average Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- Planet Fitness (PLNT) CEO Christopher Rondeau Sells 93,623 Shares (americanbankingnews.com)
Planet Fitness opened at $45.24 on Friday, Marketbeat reports. Planet Fitness has a 1 year low of $21.99 and a 1 year high of $46.81. The company has a quick ratio of 1.70, a current ratio of 1.74 and a debt-to-equity ratio of -5.68. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of 49.13, a price-to-earnings-growth ratio of 1.95 and a beta of 0.51.
Planet Fitness (NYSE:PLNT) last posted its earnings results on Tuesday, May 8th. The company reported $0.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.27. Planet Fitness had a negative return on equity of 64.81% and a net margin of 9.60%. The firm had revenue of $121.30 million during the quarter, compared to analysts’ expectations of $115.75 million. During the same period in the previous year, the firm earned $0.19 earnings per share. The company’s revenue was up 33.2% on a year-over-year basis. equities research analysts anticipate that Planet Fitness will post 1.19 earnings per share for the current year.
A number of equities research analysts recently commented on the company. Berenberg Bank assumed coverage on Planet Fitness in a research note on Wednesday. They set a “buy” rating and a $53.00 price objective for the company. Cowen lifted their price objective on Planet Fitness from $45.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, June 11th. DA Davidson reaffirmed a “buy” rating on shares of Planet Fitness in a research note on Wednesday, May 9th. Zacks Investment Research cut Planet Fitness from a “buy” rating to a “hold” rating in a research note on Friday, May 11th. Finally, ValuEngine raised Planet Fitness from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $42.33.
In other Planet Fitness news, CEO Christopher Rondeau sold 26,377 shares of the business’s stock in a transaction dated Monday, June 18th. The stock was sold at an average price of $45.32, for a total value of $1,195,405.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders sold 240,000 shares of company stock valued at $10,634,693. Insiders own 19.87% of the company’s stock.
Planet Fitness Company Profile
Planet Fitness, Inc, together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness name. It operates through three segments: Franchise, Corporate-Owned Stores, and Equipment. The Franchise segment is involved in franchising business in the United States, Puerto Rico, Canada, the Dominican Republic, and Panama.
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