F45 Training (NYSE:FXLV) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of F45 Training (NYSE:FXLV) from a hold rating to a sell rating in a research note issued to investors on Tuesday, 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. “

Several other analysts have also recently weighed in on the stock. Cowen dropped their price objective on shares of F45 Training from $20.00 to $17.00 and set an outperform rating for the company in a research note on Monday, November 15th. JPMorgan Chase & Co. upgraded shares of F45 Training from a neutral rating to an overweight rating and set a $15.00 price objective for the company in a research note on Friday, December 17th. Finally, Jefferies Financial Group initiated coverage on shares of F45 Training in a research note on Tuesday, December 7th. They issued a buy rating and a $23.00 price objective for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Buy and an average price target of $20.25.

Shares of FXLV opened at $12.39 on Tuesday. The company has a 50-day moving average price of $11.42. F45 Training has a one year low of $9.38 and a one year high of $17.75.

F45 Training (NYSE:FXLV) last announced its quarterly earnings data on Friday, November 12th. The company reported ($1.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($1.40). The firm had revenue of $27.18 million for the quarter, compared to the consensus estimate of $30.05 million. On average, sell-side analysts expect that F45 Training will post -0.62 earnings per share for the current year.

In other F45 Training news, Director Kennedy Lewis Management Lp bought 125,000 shares of F45 Training stock in a transaction on Monday, November 29th. The shares were purchased at an average cost of $10.73 per share, with a total value of $1,341,250.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Adam Gilchrist purchased 110,000 shares of the company’s stock in a transaction dated Monday, November 29th. The stock was purchased at an average price of $10.73 per share, for a total transaction of $1,180,300.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 262,500 shares of company stock worth $2,782,250 over the last ninety days.

Several hedge funds and other institutional investors have recently modified their holdings of FXLV. Strs Ohio acquired a new position in shares of F45 Training in the 3rd quarter worth approximately $70,000. SG Americas Securities LLC acquired a new position in shares of F45 Training during the 3rd quarter valued at $138,000. Victory Capital Management Inc. acquired a new position in shares of F45 Training during the 3rd quarter valued at $1,543,000. New York State Common Retirement Fund acquired a new position in shares of F45 Training during the 3rd quarter valued at $54,000. Finally, Deutsche Bank AG acquired a new position in shares of F45 Training during the 3rd quarter valued at $176,000. Hedge funds and other institutional investors own 39.69% of the company’s stock.

About F45 Training

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.

Further Reading: What is the role of the G-20?

Get a free copy of the Zacks research report on F45 Training (FXLV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for F45 Training (NYSE:FXLV)

Receive News & Ratings for F45 Training Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F45 Training and related companies with MarketBeat.com's FREE daily email newsletter.