Share on StockTwits

Equities researchers at Wedbush dropped their target price on shares of Town Sports International Holdings (NASDAQ:CLUB) from $5.50 to $4.50 in a research report issued on Thursday. Wedbush’s price objective would indicate a potential upside of 4.90% from the stock’s previous close.

Separately, analysts at Zacks downgraded shares of Town Sports International Holdings from a “neutral” rating to an “underperform” rating in a research note on Monday, August 4th. They now have a $4.10 price target on the stock.

Town Sports International Holdings (NASDAQ:CLUB) traded up 2.10% during mid-day trading on Thursday, hitting $4.37. 152,278 shares of the company’s stock traded hands. Town Sports International Holdings has a one year low of $4.01 and a one year high of $14.96. The stock’s 50-day moving average is $5.52 and its 200-day moving average is $7.23. The company’s market cap is $104.1 million.

Town Sports International Holdings (NASDAQ:CLUB) last posted its quarterly earnings results on Wednesday, July 30th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $115.70 million for the quarter, compared to the consensus estimate of $116.28 million. During the same quarter last year, the company posted $0.19 earnings per share. Town Sports International Holdings’s revenue was down 3.7% compared to the same quarter last year. Analysts expect that Town Sports International Holdings will post $-0.21 EPS for the current fiscal year.

In other Town Sports International Holdings news, major shareholder Hg Vora Capital Management, Ll acquired 50,000 shares of the stock in a transaction dated Wednesday, August 13th. The shares were purchased at an average price of $4.08 per share, for a total transaction of $204,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Town Sports International Holdings, Inc (NASDAQ:CLUB) is an owner and operator of fitness clubs in the Northeast and Mid-Atlantic regions of the United States and a fitness club owner and operator in the United States in each case based on the number of clubs.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.