Town Sports International Holdings Inc. (NASDAQ:CLUB) shares fell 2.4% on Friday . The stock traded as low as $2.43 and last traded at $2.47, with a volume of 131,139 shares. The stock had previously closed at $2.53.

Several research firms have recently weighed in on CLUB. Imperial Capital increased their price target on Town Sports International Holdings from $3.00 to $5.00 and gave the stock an “outperform” rating in a research note on Thursday, May 5th. Piper Jaffray Cos. reiterated a “hold” rating and set a $4.00 price target (up previously from $2.00) on shares of Town Sports International Holdings in a research note on Wednesday, May 4th.

The firm has a 50-day moving average of $2.63 and a 200-day moving average of $2.41. The stock has a market capitalization of $61.28 million and a P/E ratio of 2.31.

Town Sports International Holdings (NASDAQ:CLUB) last released its earnings results on Thursday, July 28th. The company reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $1.00. Analysts forecast that Town Sports International Holdings Inc. will post ($0.81) earnings per share for the current fiscal year.

In related news, major shareholder Pw Partners Atlas Fund Iii, Lp acquired 127,922 shares of the stock in a transaction on Tuesday, June 14th. The stock was acquired at an average price of $2.74 per share, for a total transaction of $350,506.28. Following the completion of the purchase, the insider now owns 299,294 shares of the company’s stock, valued at $820,065.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Town Sports International Holdings, Inc (Town Sports) is an owner and operator of fitness clubs in the Northeast and Mid-Atlantic regions of the United States. The Company, through its subsidiaries, operates approximately 158 fitness clubs under its four regional brand names: New York Sports Clubs (NYSC), Boston Sports Clubs (BSC), Philadelphia Sports Clubs (PSC) and Washington Sports Clubs (WSC).

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