Press coverage about Planet Fitness (NYSE:PLNT) has trended somewhat positive recently, Accern reports. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Planet Fitness earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news articles about the company an impact score of 47.389231189051 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Olin Corporation (OLN) Once Again Win Street Race- Planet Fitness, Inc. (PLNT) – Investing News Update (investingbizz.com)
- Who is showing interest in Planet Fitness, Inc. (PLNT) stock Buyer or Seller? – Wall Street Morning (wallstreetmorning.com)
- Clue to Identify In Play Stocks (Relative Volume) – Planet Fitness Inc (NYSE: PLNT) – Alpha Beta Stock (alphabetastock.com)
- Insider Selling: Planet Fitness Inc (PLNT) CEO Sells 40,000 Shares of Stock (americanbankingnews.com)
- Planet Fitness, Inc., (NYSE: PLNT) – Today’s Hot Mover – Stock Watch (stocksnewstimes.com)
A number of analysts have commented on the company. Bank of America raised their price objective on Planet Fitness from $39.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Cowen raised their target price on Planet Fitness from $30.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 10th. Imperial Capital raised their target price on Planet Fitness from $33.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, January 5th. Jefferies Group downgraded Planet Fitness from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Finally, Zacks Investment Research upgraded Planet Fitness from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Thursday, December 28th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Planet Fitness presently has an average rating of “Buy” and a consensus target price of $34.00.
Planet Fitness (NYSE:PLNT) last posted its earnings results on Tuesday, November 7th. The company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The business had revenue of $97.50 million during the quarter, compared to the consensus estimate of $93.55 million. Planet Fitness had a negative return on equity of 44.91% and a net margin of 11.44%. Planet Fitness’s revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the company earned $0.16 EPS. analysts forecast that Planet Fitness will post 0.82 earnings per share for the current fiscal year.
In related news, CAO Richard L. Moore sold 49,753 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $30.51, for a total transaction of $1,517,964.03. Following the completion of the sale, the chief accounting officer now directly owns 49,753 shares of the company’s stock, valued at approximately $1,517,964.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher Rondeau sold 120,000 shares of the firm’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $34.47, for a total value of $4,136,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 798,427 shares of company stock valued at $25,827,315 in the last 90 days. 19.87% of the stock is owned by corporate insiders.
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Planet Fitness Company Profile
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.
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