F45 Training Holdings Inc. (NYSE:FXLV) Given Consensus Rating of “Buy” by Brokerages

F45 Training Holdings Inc. (NYSE:FXLVGet Rating) has earned an average rating of “Buy” from the ten analysts that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $19.10.

FXLV has been the subject of a number of analyst reports. Evercore ISI initiated coverage on F45 Training in a report on Monday, March 14th. They set a “hold” rating and a $15.00 target price for the company. Zacks Investment Research upgraded F45 Training from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Thursday, March 17th.

F45 Training stock opened at $6.61 on Wednesday. The business has a fifty day moving average of $11.05 and a two-hundred day moving average of $11.97. F45 Training has a twelve month low of $6.48 and a twelve month high of $17.75.

F45 Training (NYSE:FXLVGet Rating) last posted its earnings results on Monday, March 14th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. The company had revenue of $61.82 million for the quarter, compared to analysts’ expectations of $63.85 million. Analysts anticipate that F45 Training will post 0.78 earnings per share for the current fiscal year.

In other F45 Training news, CRO Luke Armstrong sold 100,000 shares of the stock in a transaction dated Thursday, March 17th. The stock was sold at an average price of $13.35, for a total transaction of $1,335,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Chris Payne sold 2,017 shares of the stock in a transaction dated Wednesday, March 16th. The stock was sold at an average price of $13.01, for a total value of $26,241.17. The disclosure for this sale can be found here. Over the last three months, insiders sold 720,806 shares of company stock worth $8,268,397.

Several hedge funds have recently bought and sold shares of FXLV. SG Americas Securities LLC purchased a new stake in shares of F45 Training during the 3rd quarter worth about $138,000. Victory Capital Management Inc. purchased a new stake in shares of F45 Training during the 3rd quarter worth about $1,543,000. New York State Common Retirement Fund purchased a new stake in shares of F45 Training during the 3rd quarter worth about $54,000. Deutsche Bank AG purchased a new stake in shares of F45 Training during the 3rd quarter worth about $176,000. Finally, BlackRock Inc. purchased a new position in F45 Training in the 3rd quarter valued at about $13,873,000. 48.96% of the stock is currently owned by institutional investors and hedge funds.

About F45 Training (Get Rating)

F45 Training Holdings Inc operates as a fitness franchisor. The company offers consumers functional 45-minute workouts that combine elements of high-intensity interval, circuit, and functional training. It provides workouts primarily through its digitally-connected network of studios. As of December 31, 2021, the company operated 1,749 total studios.

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Analyst Recommendations for F45 Training (NYSE:FXLV)

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