Is Planet Fitness Inc (NYSE: PLNT) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Yahoo Finance discussed the stock recently as it posted /C O R R E C T I O N — Planet Fitness, Inc./.

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Stocks Info

This NYSE-listed company operates within the Leisure industry segment, falling under the Consumer Cyclical sector. The current market capitalization of Planet Fitness Inc is $5.47B. A total of 2.3 million shares were traded on the day, compared to an average of 1.61M shares.

In the most recent transaction, BENSON CRAIG R bought 10,000 shares of PLNT for 68.15 per share on Dec 11 ’23. After the transaction, the Interim CEO now owns 35,000 company shares. In a previous transaction on Dec 06 ’23, Rondeau Christopher sold 1,000,000 shares at 66.55 per share. PLNT shares that Director owns now total 0.

Among the insiders who bought shares, Rondeau Christopher acquired of 10,000 shares on Jun 05 ’23 at a per-share price of $64.98. This resulted in the Chief Executive Officer holding 36,305 shares of PLNT after the transaction. In another insider transaction, Simmons Jennifer sold 15 shares at $77.73 per share on Apr 10 ’23. Company shares held by the Div President, Corp Stores now total 6,706.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, PLNT has a high of $84.48 and a low of $44.13.

As of this writing, PLNT has an earnings estimate of $0.51 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $0.56 per share and a lower estimate of $0.46. The company reported an EPS of $0.59 in the last quarter, which was 7.30% higher than expectations of $0.55.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. PLNT’s latest balance sheet shows that the firm has $545.91M in Cash & Short Term Investments as of fiscal 2021. There were $1.96B in debt and $176.61M in liabilities at the time. Its Book Value Per Share was -$1.33, while its Total Shareholder’s Equity was -$642.85M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PLNT is Buy with a score of 4.29.

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