Currently, there are 86.76M common shares owned by the public and among those 84.78M shares have been available to trade.
However, the script later moved the day high at 59.44, down -5.44%. The company’s stock has a 5-day price change of -11.28% and -19.24% over the past three months. PLNT shares are trading -22.66% year to date (YTD), with the 12-month market performance down to -23.70% lower. It has a 12-month low price of $44.13 and touched a high of $84.48 over the same period. PLNT has an average intraday trading volume of 1.36 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -10.68%, -16.71%, and -11.14% respectively.
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Institutional ownership of Planet Fitness Inc (NYSE: PLNT) shares accounts for 112.04% of the company’s 86.76M shares outstanding.
It has a market capitalization of $4.82B and a beta (3y monthly) value of 1.40. The stock’s trailing 12-month PE ratio is 34.78, while the earnings-per-share (ttm) stands at $1.62. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.65% over the week and 3.33% over the month.
Analysts forecast that Planet Fitness Inc (PLNT) will achieve an EPS of $0.51 for the current quarter, $0.69 for the next quarter and $2.85 for 2025. The lowest estimate earnings-per-share for the quarter is $0.46 while analysts give the company a high EPS estimate of $0.56. Comparatively, EPS for the current quarter was $0.41 a year ago. Earnings per share for the fiscal year are expected to increase by 11.15%, and 14.51% over the next financial year.
Looking at the support for the PLNT, a number of firms have released research notes about the stock. Exane BNP Paribas stated their Neutral rating for the stock in a research note on October 16, 2023, with the firm’s price target at $45. Morgan Stanley coverage for the Planet Fitness Inc (PLNT) stock in a research note released on September 27, 2023 offered a Overweight rating with a price target of $62. JP Morgan was of a view on September 19, 2023 that the stock is Neutral, while Jefferies gave the stock Hold rating on September 18, 2023, issuing a price target of $90- $56. TD Cowen on their part issued Market Perform rating on September 15, 2023.
