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Town Sports International Holdings (NASDAQ:CLUB) shares saw an uptick in trading volume on Friday following insider buying activity, AR Network reports. 330,937 shares changed hands during trading, an increase of 37% from the previous session’s volume of 241,612 shares.The stock last traded at $5.50 and had previously closed at $5.32.

Specifically, Director John H. Flood III acquired 9,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The shares were purchased at an average price of $5.29 per share, for a total transaction of $47,610.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Several analysts have recently commented on the stock. Analysts at Wedbush cut their price target on shares of Town Sports International Holdings from $5.50 to $4.50 in a research note on Thursday, August 21st. 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.

The stock’s 50-day moving average is $5.24 and its 200-day moving average is $7.01. The company’s market cap is $132.6 million.

Town Sports International Holdings (NASDAQ:CLUB) last issued its earnings data 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 in the previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. Analysts expect that Town Sports International Holdings will post $-0.21 EPS for the current fiscal year.

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.

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