F45 Training (NYSE:FXLV) Cut to “Neutral” at Guggenheim

Guggenheim lowered shares of F45 Training (NYSE:FXLVGet Rating) from a buy rating to a neutral rating in a research note published on Thursday, MarketBeat reports.

Other research analysts have also issued research reports about the company. Roth Capital lowered F45 Training from a buy rating to a neutral rating and reduced their price target for the stock from $18.00 to $8.00 in a report on Tuesday, May 17th. Robert W. Baird lowered shares of F45 Training from an outperform rating to a neutral rating and set a $2.00 price objective on the stock. in a report on Wednesday, July 27th. Finally, Macquarie lowered shares of F45 Training from an outperform rating to a neutral rating and reduced their price objective for the company from $17.00 to $4.00 in a report on Wednesday, July 27th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, F45 Training has a consensus rating of Hold and a consensus target price of $13.44.

F45 Training Trading Up 6.5 %

Shares of FXLV stock opened at $1.97 on Thursday. The stock’s fifty day moving average is $4.49 and its two-hundred day moving average is $9.07. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.88 and a current ratio of 2.15. The firm has a market capitalization of $186.68 million and a P/E ratio of -1.39. F45 Training has a fifty-two week low of $0.79 and a fifty-two week high of $17.36.

F45 Training (NYSE:FXLVGet Rating) last posted its quarterly earnings results on Monday, May 16th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.11). The firm had revenue of $50.01 million during the quarter, compared to analyst estimates of $47.07 million. Research analysts expect that F45 Training will post 0.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On F45 Training

Several large investors have recently modified their holdings of the stock. Freemont Management S.A. purchased a new stake in shares of F45 Training during the second quarter worth approximately $29,000. TriaGen Wealth Management LLC purchased a new stake in shares of F45 Training during the second quarter worth approximately $256,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of F45 Training during the second quarter worth approximately $76,000. Benchmark Financial Wealth Advisors LLC acquired a new position in F45 Training during the second quarter worth $273,000. Finally, Amalgamated Bank acquired a new position in F45 Training during the first quarter worth $36,000. Hedge funds and other institutional investors own 48.96% of the company’s stock.

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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