12,400 Shares in Planet Fitness, Inc. $PLNT Bought by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. bought a new position in shares of Planet Fitness, Inc. (NYSE:PLNT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,400 shares of the company’s stock, valued at approximately $1,345,000.

Several other institutional investors have also recently made changes to their positions in the business. Cibc World Market Inc. lifted its position in shares of Planet Fitness by 1.2% during the third quarter. Cibc World Market Inc. now owns 8,607 shares of the company’s stock worth $893,000 after purchasing an additional 98 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Planet Fitness by 0.5% during the third quarter. Public Employees Retirement System of Ohio now owns 26,627 shares of the company’s stock worth $2,764,000 after purchasing an additional 123 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of Planet Fitness by 51.9% during the third quarter. Hantz Financial Services Inc. now owns 404 shares of the company’s stock worth $42,000 after purchasing an additional 138 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of Planet Fitness by 2.8% during the third quarter. Crossmark Global Holdings Inc. now owns 5,963 shares of the company’s stock worth $619,000 after purchasing an additional 163 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its position in shares of Planet Fitness by 9.4% during the third quarter. QRG Capital Management Inc. now owns 2,121 shares of the company’s stock worth $220,000 after purchasing an additional 183 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

PLNT has been the topic of a number of recent research reports. William Blair cut shares of Planet Fitness from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 7th. Canaccord Genuity Group set a $80.00 target price on shares of Planet Fitness in a research report on Friday, May 8th. Guggenheim dropped their price target on shares of Planet Fitness from $126.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, May 8th. KeyCorp dropped their price target on shares of Planet Fitness from $100.00 to $65.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. Finally, UBS Group dropped their price target on shares of Planet Fitness from $120.00 to $79.00 and set a “buy” rating for the company in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $78.62.

Insiders Place Their Bets

In other Planet Fitness news, Director Frances G. Rathke bought 5,000 shares of the company’s stock in a transaction on Friday, May 8th. The shares were bought at an average cost of $46.21 per share, with a total value of $231,050.00. Following the completion of the acquisition, the director owned 5,000 shares of the company’s stock, valued at approximately $231,050. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.90% of the stock is currently owned by insiders.

Planet Fitness Trading Up 2.2%

Shares of NYSE:PLNT opened at $52.61 on Friday. The company has a fifty day simple moving average of $69.31 and a 200 day simple moving average of $89.26. The firm has a market cap of $4.18 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 1.14 and a beta of 1.12. Planet Fitness, Inc. has a 12-month low of $37.03 and a 12-month high of $114.47.

Planet Fitness (NYSE:PLNT) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.11. The business had revenue of $337.24 million during the quarter, compared to analyst estimates of $298.60 million. Planet Fitness had a net margin of 16.52% and a negative return on equity of 81.29%. The business’s revenue was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.59 earnings per share. Planet Fitness has set its FY 2026 guidance at 3.190-3.190 EPS. As a group, equities research analysts forecast that Planet Fitness, Inc. will post 3.18 EPS for the current fiscal year.

Planet Fitness Profile

Planet Fitness, Inc is a franchisor and operator of fitness centers based in Hampton, New Hampshire. Established in 1992, the company designs and equips its clubs to offer a non-intimidating workout environment, often marketed under its “Judgment Free Zone” philosophy. Planet Fitness markets affordable membership plans and a variety of cardio and strength-training equipment, positioning itself to attract casual and first-time gym users.

The company operates through a network of franchised and company-owned clubs.