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How to Buy Planet Fitness Stock

Planet Fitness Inc

Planet Fitness is a leisure company located in New Hampshire, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker PLNT on the NYSE exchange.

Planet Fitness stock last closed at $61.01, up 3.32% from the previous day, and has decreased 19.5% in one year. It has underperformed other stocks in the Leisure industry by 0.11 percentage points. Planet Fitness stock is currently +38.25% from its 52-week low of $44.13, and -27.78% from its 52-week high of $84.48.

As of Mar 27, 2024, there are 88.17M PLNT shares outstanding. The market value of PLNT is $5.38B. In the past 24 hours, 1.78M PLNT shares were traded.

How to Buy Planet Fitness Stock

Wondering how to invest in Planet Fitness stock? Here's how.
  1. Choose where to buy Planet Fitness stock: You need to pick an online brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you choose where to buy Planet Fitness stock.
  2. Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Deposit funds into your brokerage account: Choose your method of payment and add your information.
  4. Analyze Planet Fitness stock: The Planet Fitness ticker symbol is PLNT. Is Planet Fitness stock a good investment? Should you buy shares of PLNT? How do PLNT's underlying business fundamentals look? Do top analysts think Planet Fitness is a good buy? Why has PLNT's stock price moved recently? (Hint: Our stock market research tools can help you understand if PLNT is a good stock to buy).
  5. Execute your PLNT purchase: Decide if you will purchase PLNT shares at the current market price or use a limit order to purchase PLNT stock at a particular price.
  6. Get notifications regarding your investment in PLNT: Create a watchlist to key updates about your new investment in Planet Fitness stock.

Step 1: Choose where to buy Planet Fitness stock

You need an online brokerage account to access the NYSE market and buy PLNT stock.

A brokerage account is an investment account that allows you to buy and sell a number of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Open your brokerage account

Now that you've selected the right brokerage, you'll need to fill out some personal details so you are able to invest in PLNT stock today.

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Step 3: Deposit funds into your brokerage account

Now that you have created your account on the best app for stock investing, your next step is to transfer the money for your investment:

Check out the video below if you need help depositing money into your new brokerage account.

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Step 4: Analyze Planet Fitness stock

Once you have selected the best place to buy Planet Fitness stock, it's very important to analyze their stock before you invest, so you actually understand the risk and opportunity.

Planet Fitness stock data

PLNT Price
$61.01
1w %
7.2%
1y %
-19.5%
5y %
-9.06%
P/E
37.43x
P/B
-46.51x
P/S
4.83x
PEG
0.87x
Revenue
$1.07B
Earnings
$138.31M
Fore. Rev. Growth
8.88%
Fore. Earn. Growth
47.99%
Market Cap
$5.38B
Next Earnings
May 2, 2024
Next Dividend
N/A

PLNT Due Diligence Checks

WallStreetZen was designed to help average investors perform more in-depth fundamental analysis quickly.

You can view all of the due diligence checks on PLNT's stock page.

Is PLNT stock overvalued?

Analysts use many financial metrics, analyses, models, and charts to gauge PLNT's fair value.

Using relative valuations metrics:

  • PLNT may be overvalued based on its P/E ratio of 37.43x, relative to Leisure industry P/E ratio of 5.11x
  • PLNT may be undervalued based on its PEG ratio of 0.87x

You can do more valuation analysis on PLNT's stock here.

PLNT Financial Health Overview

Positive Health Checks:

  • There are more short-term assets than short-term liabilities on the PLNT balance sheet.
  • PLNT profit margin has gone up from 10.6% to 12.9% in the past year.

Negative Health Checks:

  • PLNT debt to equity ratio of -26.71 is negative.
  • PLNT earnings of $283.40M is not enough to cover its interest payments.
  • Total PLNT debt is still negative.
  • There are more long-term liabilities than short-term assets on the PLNT balance sheet.
  • PLNT's operating cash flow of $330.25M allows it to safely service it's debt of $2.37B.

Do analysts think it's a good time to buy Planet Fitness stock

Out of 8 Wall Street analysts who research PLNT, the consensus analyst rating on PLNT is a Buy

Please keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.

Most Recent PLNT Analyst Recommendations

Peter Keith, a top 8% analyst from Piper Sandler maintains PLNT with a strong buy rating and raises their PLNT price target from $88.00 to $89.00, on Jan 11, 2024.

Joseph Altobello, a bottom 3% analyst from Raymond James maintains PLNT with a strong buy rating and raises their PLNT price target from $66.00 to $73.00, on Nov 8, 2023.

Laurent Vasilescu, a bottom 15% analyst from Exane BNP Paribas upgrades PLNT to a hold rating and announces their PLNT price target of $45.00, on Oct 16, 2023.

You can dive deeper into what analysts are forecasting on the Planet Fitness stock forecast page.

PLNT Momentum

SMA10
59.19
SMA20
61.43
SMA50
65.7
SMA100
66.94
SMA200
63.28
MACD
-1.86
MACD Signal
-1.97
MACD Histogram
0.11
RSI
46.48
Stochastic %K
38.52
Stochastic %D
36.52
StochRSI %K
62.14
StochRSI %D
50.78

PLNT Performance Numbers

Last year, PLNT earnings were $138.31M. During the past 5 year, PLNT's earnings have grown by 10.05% per year. This was slower than the Leisure industry average of 79.4%.

Last year, PLNT revenue was $1.07B. In the last 5 year, PLNT's revenue has grown by 13.34% per year. This was slower than the Leisure industry average of 20.24%.

Dig into PLNT's earnings and revenue performance here.

Latest Insiders Trades at PLNT

Over the past year, insiders at PLNT have sold more shares than they have bought.

Craig R. Benson, Interim CEO of PLNT, was the latest PLNT insider to buy. They bought $681,460.00 worth of PLNT stock on Dec 11, 2023.

Get more info about who owns PLNT stock here.

Can I get consistent income from PLNT stock?

No, Planet Fitness doesn't provide an income stream by paying out dividends.

Get opinions from other traders

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Step 5: Execute your PLNT purchase

There are two primary order types:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    Market orders are usually fine.
  • Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
    If you want to ensure you're buying or selling at an exact dollar amount, place a limit order.

Press the Open Trade button and eToro will execute the order.

If you need more assistance investing in stocks on eToro, watch the helpful video below:

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Step 6: Get notifications regarding your investment in PLNT

Now that you own some PLNT stock, you'll want to keep up with your new investment.

Make a watchlist to keep track of your PLNT stock.

PLNT Feed

How to Buy Stock in Planet Fitness

To reiterate, here are the 6 steps to buy Planet Fitness stock:

  1. Choose where to buy Planet Fitness stock
  2. Open your brokerage account
  3. Deposit funds into your brokerage account
  4. Analyze Planet Fitness stock
  5. Execute your PLNT purchase
  6. Get notifications regarding your investment in PLNT

If you need a brokerage, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to track your new investment in Planet Fitness, create a watchlist on WallStreetZen today.

NYSE: PLNT
$61.01+1.96 (+3.32%)
Updated Mar 27, 2024
Open eToro Account
NYSE: PLNT
$61.01+1.96 (+3.32%)
Updated Mar 27, 2024
Open eToro Account

FAQ

How much does it cost to buy one Planet Fitness share?

As of Mar 27, 2024, it costs $61.01 to buy one share of Planet Fitness stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.164 shares of PLNT.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Planet Fitness stock?

According to 8 Wall Street analysts who monitor Planet Fitness, their consensus recommendation is to buy Planet Fitness stock.

What is the best way to buy Planet Fitness stock?

One way to place an order for Planet Fitness stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.