F45 Training (NYSE:FXLV – Get Rating) had its price objective upped by The Goldman Sachs Group from $2.00 to $3.00 in a report published on Wednesday, Stock Target Advisor reports. The brokerage currently has a neutral rating on the stock.
A number of other brokerages have also commented on FXLV. Guggenheim lowered shares of F45 Training from a buy rating to a neutral rating in a research note on Thursday, July 28th. Robert W. Baird lowered shares of F45 Training from an outperform rating to a neutral rating and set a $2.00 target price on the stock. in a report on Wednesday, July 27th. Macquarie cut shares of F45 Training from an outperform rating to a neutral rating and dropped their price target for the company from $17.00 to $4.00 in a research report on Wednesday, July 27th. Finally, Roth Capital decreased their price objective on F45 Training from $8.00 to $2.00 and set a neutral rating for the company in a report on Tuesday, August 16th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, F45 Training currently has a consensus rating of Hold and a consensus target price of $8.41.
F45 Training Trading Down 4.4 %
NYSE FXLV opened at $2.63 on Wednesday. F45 Training has a 52 week low of $0.79 and a 52 week high of $15.78. The business has a 50 day moving average price of $2.93 and a 200-day moving average price of $3.72. The company has a quick ratio of 1.34, a current ratio of 1.61 and a debt-to-equity ratio of 2.08. The company has a market cap of $253.06 million, a price-to-earnings ratio of 16.44 and a beta of -1.23.
Insiders Place Their Bets
Institutional Trading of F45 Training
Several hedge funds have recently added to or reduced their stakes in the stock. Platinum Investment Management Ltd. grew its position in shares of F45 Training by 137.0% during the 2nd quarter. Platinum Investment Management Ltd. now owns 1,103,358 shares of the company’s stock valued at $4,336,000 after acquiring an additional 637,832 shares during the period. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income bought a new position in F45 Training during the first quarter valued at $6,732,000. Millennium Management LLC increased its position in F45 Training by 5,812.3% in the second quarter. Millennium Management LLC now owns 625,992 shares of the company’s stock worth $2,460,000 after buying an additional 615,404 shares during the last quarter. BNP Paribas Arbitrage SNC bought a new stake in shares of F45 Training in the third quarter valued at $1,821,000. Finally, BlackRock Inc. lifted its position in shares of F45 Training by 42.2% during the 1st quarter. BlackRock Inc. now owns 1,691,005 shares of the company’s stock valued at $18,093,000 after buying an additional 501,691 shares during the last quarter. Institutional investors own 48.99% of the company’s stock.
F45 Training Company Profile
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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