Exane BNP Paribas raised the price target for the Planet Fitness Inc (NYSE:PLNT) stock from “an Underperform” to “a Neutral”. The rating was released on October 16, 2023, according to finviz. The research report from JP Morgan has downgraded the stock from Overweight to Neutral, with a price target set at $52. The stock was downgraded by Jefferies, who disclosed in a research note on September 18, 2023, from Buy to Hold and set the price objective to $56. In their research brief published September 15, 2023, TD Cowen analysts downgraded the Planet Fitness Inc stock from Outperform to Market Perform with a price target of $55.
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated 4.59% within the last five trades and -5.61% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 30.73% in the last 6 months and -19.21% was subtracted to its value over the previous 3 months. PLNT stock is trading at a margin of -4.36%, -10.87% and -6.79% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, PLNT deals in the Consumer Cyclical domain. The stock is trading -30.10 percent below its 52-week high and 33.81 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -21.9. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Planet Fitness Inc’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 25.47 percent and the profit margin is 12.91 percent, and the company has reported a gross margin of 38.10 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $5.05 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Planet Fitness Inc (NYSE:PLNT) is 36.38. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 20.71. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 4.71 that mirrors the cost to be found for sales by the market.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.80 percent of Planet Fitness Inc shares are owned by insiders, and 112.00 percent are held by financial institutions. BENSON CRAIG R, the Interim CEO at Planet Fitness Inc (PLNT) has bought 10,000 shares of firm on Dec 11 ’23 at a price of $68.15 against the total amount of $0.68 million. In another inside trade, Rondeau Christopher, Director of Planet Fitness Inc (NYSE:PLNT) sold 1,000,000 shares of the firm on Dec 06 ’23 for a total worth of $66.55 million at a price of $66.55. An inside trade which took place on Jun 05 ’23, Chief Executive Officer of Planet Fitness Inc Rondeau Christopher bought 10,000 shares of firm against total price of $0.65 million at the cost of $64.98 per share.
