Xponential Fitness (NYSE:XPOF) Raised to Hold at Zacks Research

Xponential Fitness (NYSE:XPOF) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

A number of other analysts have also issued reports on XPOF. Roth Capital set a $7.00 price objective on shares of Xponential Fitness in a research note on Friday, May 8th. Northland Securities upgraded shares of Xponential Fitness from a “market perform” rating to an “outperform” rating and set a $8.00 target price for the company in a research note on Wednesday, May 20th. Weiss Ratings lowered shares of Xponential Fitness from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, June 5th. KeyCorp began coverage on shares of Xponential Fitness in a research note on Thursday, March 12th. They set a “sector weight” rating on the stock. Finally, Wall Street Zen upgraded shares of Xponential Fitness from a “sell” rating to a “hold” rating in a report on Sunday. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Xponential Fitness presently has an average rating of “Hold” and an average price target of $8.44.

Xponential Fitness Stock Performance

XPOF stock opened at $6.69 on Tuesday. The firm has a market cap of $328.95 million, a P/E ratio of -4.85 and a beta of 1.07. Xponential Fitness has a 1 year low of $3.83 and a 1 year high of $11.14. The stock has a 50-day simple moving average of $6.12 and a 200-day simple moving average of $6.90.

Xponential Fitness (NYSE:XPOF) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.15). The company had revenue of $60.71 million for the quarter, compared to analyst estimates of $63.75 million. Xponential Fitness had a negative return on equity of 3.40% and a negative net margin of 11.28%.The business’s revenue was down 21.0% on a year-over-year basis. During the same period last year, the firm posted $0.20 earnings per share. On average, equities research analysts predict that Xponential Fitness will post 0.4 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. SkyView Investment Advisors LLC increased its position in shares of Xponential Fitness by 4.9% in the 2nd quarter. SkyView Investment Advisors LLC now owns 39,871 shares of the company’s stock worth $302,000 after purchasing an additional 1,859 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of Xponential Fitness by 20.4% during the third quarter. Raymond James Financial Inc. now owns 14,732 shares of the company’s stock worth $115,000 after purchasing an additional 2,500 shares during the last quarter. Rhumbline Advisers grew its stake in Xponential Fitness by 8.1% in the second quarter. Rhumbline Advisers now owns 35,633 shares of the company’s stock worth $267,000 after purchasing an additional 2,668 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Xponential Fitness by 1,621.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,632 shares of the company’s stock valued at $30,000 after buying an additional 3,421 shares during the last quarter. Finally, Barclays PLC increased its holdings in Xponential Fitness by 4.4% in the fourth quarter. Barclays PLC now owns 83,829 shares of the company’s stock valued at $690,000 after buying an additional 3,524 shares during the last quarter. 58.55% of the stock is owned by institutional investors and hedge funds.

Xponential Fitness Company Profile

Xponential Fitness is a leading franchisor and operator of boutique fitness studios headquartered in Irvine, California. The company specializes in developing, marketing, and supporting a portfolio of fitness brands that deliver low-impact cardio, strength training, and mindful movement workouts. Through its asset-light franchise model, Xponential provides entrepreneurs with proprietary studio designs, branded equipment, digital support, and comprehensive training programs to ensure consistent member experiences.

Its portfolio comprises core brands such as Club Pilates, Pure Barre, CycleBar, StretchLab, YogaSix, Row House, Rumble, AKT, and STRIDE.