Town Sports International Holdings Inc. (NASDAQ:CLUB)’s share price traded up 5.4% during mid-day trading on Wednesday . The stock traded as high as $3.16 and last traded at $2.95, with a volume of 50,784 shares changing hands. The stock had previously closed at $2.80.

Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Town Sports International Holdings from a “hold” rating to a “strong-buy” rating and set a $3.00 price target on the stock in a research note on Wednesday, August 3rd. Imperial Capital lifted their price target on Town Sports International Holdings from $3.00 to $5.00 and gave the company an “outperform” rating in a research note on Thursday, May 5th.

The firm has a 50 day moving average price of $2.62 and a 200 day moving average price of $2.67. The stock has a market cap of $75.01 million and a price-to-earnings ratio of 0.98.

Town Sports International Holdings (NASDAQ:CLUB) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of ($0.21) by $1.00. Equities research analysts forecast that Town Sports International Holdings Inc. will post $0.24 earnings per share for the current fiscal year.

In other news, major shareholder Pw Partners Atlas Fund Iii, Lp acquired 127,922 shares of Town Sports International Holdings stock in a transaction on Tuesday, June 14th. The stock was acquired at an average cost of $2.74 per share, with a total value of $350,506.28. Following the completion of the acquisition, the insider now owns 299,294 shares in the company, valued at $820,065.56. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Patrick Walsh acquired 109,723 shares of Town Sports International Holdings stock in a transaction on Monday, August 22nd. The shares were purchased at an average cost of $2.43 per share, with a total value of $266,626.89. Following the completion of the acquisition, the director now owns 299,294 shares of the company’s stock, valued at approximately $727,284.42. The disclosure for this purchase can be found here.

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 over 150 fitness clubs (clubs) and approximately three BFX Studio (studio) locations. The Company’s operating segments include New York Sports Clubs (NYSC), Boston Sports Clubs (BSC), Philadelphia Sports Clubs (PSC), Washington Sports Clubs (WSC), Swiss Sports Clubs and BFX Studio.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.