F45 Training (NYSE:FXLV) Cut to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of F45 Training (NYSE:FXLVGet Rating) from a buy rating to a hold rating in a research report report published on Tuesday morning, Zacks.com reports.

According to Zacks, “F45 Training Holdings Inc. offers consumers functional workouts. It utilizes proprietary technologies a fitness programming algorithm and a patented technology-enabled delivery platform. F45 Training Holdings Inc. is based in AUSTIN, Texas. “

FXLV has been the subject of several other reports. Roth Capital lowered F45 Training from a buy rating to a neutral rating and reduced their target price for the stock from $18.00 to $8.00 in a report on Tuesday. Evercore ISI assumed coverage on F45 Training in a report on Monday, March 14th. They set a hold rating and a $15.00 price target for the company. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of Buy and an average price target of $17.80.

FXLV opened at $7.19 on Tuesday. The business has a 50 day moving average price of $10.29 and a 200 day moving average price of $11.73. F45 Training has a twelve month low of $6.11 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 the consensus estimate of $0.20 by $0.04. The company had revenue of $61.82 million during the quarter, compared to analyst estimates of $63.85 million. Equities analysts expect that F45 Training will post 0.78 earnings per share for the current year.

In other news, Director Mark Wahlberg sold 71,900 shares of the business’s stock in a transaction that occurred on Thursday, March 17th. The stock was sold at an average price of $13.24, for a total transaction of $951,956.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CRO Luke Armstrong sold 100,000 shares of the company’s stock in a transaction on Thursday, March 17th. The shares were sold at an average price of $13.35, for a total value of $1,335,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 720,806 shares of company stock worth $8,268,397.

A number of large investors have recently made changes to their positions in FXLV. SG Americas Securities LLC bought a new stake in F45 Training in the third quarter valued at $138,000. New York State Common Retirement Fund bought a new stake in F45 Training in the third quarter valued at $54,000. Deutsche Bank AG bought a new stake in F45 Training in the third quarter valued at $176,000. BlackRock Inc. bought a new stake in F45 Training in the third quarter valued at $13,873,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of F45 Training during the third quarter worth $224,000. Hedge funds and other institutional investors own 48.96% of the company’s stock.

F45 Training Company Profile (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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