Notable Hit 1: (PLNT:NYSE) On Thursday May 9, 2024 Planet Fitness, Inc. (PLNT) posted revenues of $248.02 mm meeting the analysts estimate and in the same direction as Advan's forecasted sales. Advan's data showed a 6.1% increase YoY in foot traffic to its fitness centers in Q1 2024; the company's revenue increased 12% YoY. The stock closed up 5.6% from previous close. Advan's footfall data has a correlation of 0.97 on a YoY basis with PLTN's top-line revenue over the last 16 quarters.
Advan is the leader in the financial and real estate industries, enabling participants to analyze foot traffic data across multiple sectors, including retail, hospitality, consumer services, energy, technology, healthcare, REITS, financials and others. Advan derives its datasets using multi parameter models that analyze cellphone location data crossed with curated geofenced areas.
Top tier institutional investors spanning from quantitative hedge funds to fundamental asset managers have been the main consumers of Advan’s products.
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