Planet Fitness Inc (PLNT): A Case For Going Higher

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.

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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 $6.68B. A total of 0.83 million shares were traded on the day, compared to an average of 1.31M shares.

In the most recent transaction, Bode William sold 2,000 shares of PLNT for 79.02 per share on Aug 14 ’24. After the transaction, the Div. President, U.S. Franchise now owns 27,504 company shares. In a previous transaction on Aug 14 ’24, WILLIAM R. BODE bought 2,000 shares at 79.02 per share.

Among the insiders who sold shares, O’Donnell Brian disposed of 6,424 shares on Aug 07 ’24 at a per-share price of $77.39. This resulted in the SVP, Chief Accounting Officer holding 6,778 shares of PLNT after the transaction. In another insider transaction, BENSON CRAIG R bought 10,000 shares at $68.15 per share on Dec 11 ’23. Company shares held by the Interim CEO now total 35,000.

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 $85.08 and a low of $53.31.

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 -$3.76, 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 4.56.

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