Fitness franchisor F45 Training Holdings (NYSE:FXLV) shares are soaring today on a $4 per share takeover offer from Kennedy Lewis Management which holds ~15 stake in the company.
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F45 went public in July last year at $16 per share.
At the same time, the company is also being investigated by Philadelphia-based Barrack, Rodos & Bacine for potentially violating Federal securities laws.
Is FXLV a Buy?
F45 stock currently has a Hold consensus rating alongside an average price target of $3.30. This implies a 7.14% potential upside for the stock.
That’s after an almost 71% share price drop in the past six months in FXLV stock.
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