Planet Fitness (PLNT) Getting Somewhat Positive Press Coverage, Analysis Finds

News coverage about Planet Fitness (NYSE:PLNT) has been trending somewhat positive recently, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Planet Fitness earned a news impact score of 0.21 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 47.7399833159929 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the media headlines that may have effected Accern Sentiment’s analysis:

Planet Fitness (PLNT) traded up $0.93 during trading hours on Wednesday, reaching $31.69. The company’s stock had a trading volume of 1,055,393 shares, compared to its average volume of 1,127,477. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of -5.00. Planet Fitness has a 1-year low of $18.32 and a 1-year high of $35.03. The company has a market cap of $3,070.00 and a P/E ratio of 47.30.

A number of research firms recently commented on PLNT. Bank of America boosted their price target on Planet Fitness from $39.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Cowen lifted their price objective on Planet Fitness from $30.00 to $38.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 10th. Imperial Capital lifted their price objective on Planet Fitness from $33.00 to $38.00 and gave the stock an “outperform” rating in a research note on Friday, January 5th. Jefferies Group downgraded Planet Fitness from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Finally, Zacks Investment Research raised Planet Fitness from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research note on Thursday, December 28th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $34.00.

In other news, CEO Christopher Rondeau sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $30.42, for a total transaction of $1,216,800.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Dorvin D. Lively sold 144,557 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $31.80, for a total value of $4,596,912.60. Following the transaction, the chief financial officer now directly owns 38,674 shares in the company, valued at approximately $1,229,833.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 688,674 shares of company stock worth $22,503,951. Corporate insiders own 19.87% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Planet Fitness (NYSE:PLNT)

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