Caledonia recently announced the acquisition of new stake in F45 Training Holdings Inc. (NYSE:FXLV). The institutional investor has increased its shareholding in the Consumer Cyclical company by 12.04% to 7.27 million shares with purchase of 0.78 million shares. This fresh investment now brings its stake to 7.47% valued currently at $19.56 million. In addition, L1 Capital Pty Ltd. raised its holdings by 79119.0 to 6.47 million shares. And Bardin Hill Investment Partners L has lifted its position by 45.97% or 1.5 million shares – to 4.77 million shares.
With over 0.95 million F45 Training Holdings Inc. (FXLV) shares trading Tuesday and a closing price of $3.14 on the day, the dollar volume was approximately $2.98 million. The shares have shown a negative half year performance of -12.29% and its price on 01/10/23 gained nearly 1.29%. Currently, there are 97.10M common shares owned by the public and among those 47.55M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 6 analysts who have offered their price forecasts for FXLV have a consensus price objective of $3.75. The analysts have set the share’s price value over the next 12 months at a high of $6.00 and a low of $3.00. The average price target is 16.27% above its recent price level and a downside to the estimated low will see the stock lose -4.67% over that period. But an upside of 47.67% will see the stock hit the forecast high price target while median target price for the stock is $3.25.
Insiders at the company have transacted a total of 65 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 31 of these insider trades were purchases, accounting for 5,366,910 shares. Insider sales of the common stock occurred on 34 occasions, with total insider shares sold totaling 1,253,329 shares.
The top 3 mutual fund holders in F45 Training Holdings Inc. are Fidelity Small Cap Stock Fund, Vanguard Total Stock Market Index, and iShares Russell 2000 ETF. Fidelity Small Cap Stock Fund owns 1.64 million shares of the company’s stock, all valued at over $4.4 million. The company sold 1918.0 shares recently to bring their total holdings to about 1.68% of the shares outstanding. iShares Russell 2000 ETF bought 1548.0 shares to bring its total holdings to over 0.76 million shares at a value of $2.04 million. iShares Russell 2000 ETF now owns shares totaling to 0.78% of the shares outstanding.
However, the script later moved the day high at 3.2900, up 1.29%. The company’s stock has a 5-day price change of 17.60% and -3.98% over the past three months. FXLV shares are trading 10.18% year to date (YTD), with the 12-month market performance down to -71.56% lower. It has a 12-month low price of $0.79 and touched a high of $15.78 over the same period. FXLV has an average intraday trading volume of 466.88K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.99%, 6.99%, and -29.68% respectively.
Institutional ownership of F45 Training Holdings Inc. (NYSE: FXLV) shares accounts for 50.50% of the company’s 97.10M shares outstanding. Mutual fund holders own 6.56%, while other institutional holders and individual stakeholders account for 65.71% and 41.53% respectively.
It has a market capitalization of $285.17M. The earnings-per-share (ttm) stands at -$0.82. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.57% over the week and 8.63% over the month.
Analysts forecast that F45 Training Holdings Inc. (FXLV) will achieve an EPS of -$0.02 for the current quarter, $0.07 for the next quarter and $0.21 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.09 while analysts give the company a high EPS estimate of $0.06. Comparatively, EPS for the current quarter was -$1.5 a year ago. Earnings per share for the fiscal year are expected to decrease by -580.60%, and 124.20% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 6 brokerage firm advisors rate F45 Training Holdings Inc. (FXLV) as a “Moderate Buy” at a consensus score of 2.70. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 5 of the 6 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the FXLV, a number of firms have released research notes about the stock. ROTH Capital stated their Neutral rating for the stock in a research note on August 16, 2022, with the firm’s price target at $8-$2. Robert W. Baird was of a view on July 27, 2022 that the stock is Neutral, while Macquarie gave the stock Neutral rating on July 27, 2022, issuing a price target of $17- $4. ROTH Capital on their part issued Neutral rating on May 17, 2022.