At the time of writing, Planet Fitness Inc [PLNT] stock is trading at $79.04, up 1.02%. An important factor to consider is whether the stock is rising or falling in short-term value. The PLNT shares have gain 9.17% over the last week, with a monthly amount glided 6.97%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Planet Fitness Inc [NYSE: PLNT] stock has seen the most recent analyst activity on June 24, 2024, when TD Cowen upgraded its rating to a Buy and also boosted its price target to $92 from $66. Previously, Jefferies upgraded its rating to Buy on June 10, 2024, and elevated its price target to $100. On May 10, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $70 on the stock. Exane BNP Paribas upgraded its rating to a Neutral but stick to its price target of $45 on October 16, 2023. Morgan Stanley initiated its recommendation with a Overweight and recommended $62 as its price target on September 27, 2023. JP Morgan downgraded its rating to Neutral for this stock on September 19, 2023, and downed its price target to $52. In a note dated September 18, 2023, Jefferies downgraded an Hold rating on this stock and revised its target price from $90 to $56.
For the past year, the stock price of Planet Fitness Inc fluctuated between $44.13 and $79.10. Currently, Wall Street analysts expect the stock to reach $84.71 within the next 12 months. Planet Fitness Inc [NYSE: PLNT] shares were valued at $79.04 at the most recent close of the market. An investor can expect a potential return of 7.17% based on the average PLNT price forecast.
Analyzing the PLNT fundamentals
According to Planet Fitness Inc [NYSE:PLNT], the company’s sales were 1.11B for trailing twelve months, which represents an 5.05% jump. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is -0.91 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-8.06.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 77.76 points at the first support level, and at 76.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 79.93, and for the 2nd resistance point, it is at 80.81.
Ratios To Look Out For
It is important to note that Planet Fitness Inc [NYSE:PLNT] has a current ratio of 1.81. On the other hand, the Quick Ratio is 1.80, and the Cash Ratio is 0.91. Considering the valuation of this stock, the price to sales ratio is 6.22 and price to earnings (TTM) ratio is 43.34.
Transactions by insiders
Recent insider trading involved O’Donnell Brian, SVP, Chief Accounting Officer, that happened on Aug 07 ’24 when 6424.0 shares were sold. Interim CEO, BENSON CRAIG R completed a deal on Dec 11 ’23 to buy 10000.0 shares. Meanwhile, Director Rondeau Christopher sold 1.0 million shares on Dec 06 ’23.
