Xponential Fitness (NYSE:XPOF) Stock Rating Lowered by Zacks Research

Xponential Fitness (NYSE:XPOF) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Tuesday,Zacks.com reports.

Other equities research analysts also recently issued reports about the company. Lake Street Capital downgraded Xponential Fitness from a “buy” rating to a “hold” rating and set a $6.00 price target for the company. in a report on Friday, May 8th. Robert W. Baird lowered their price target on Xponential Fitness from $8.00 to $6.50 and set a “neutral” rating for the company in a report on Friday, February 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Xponential Fitness in a report on Monday, April 20th. KeyCorp started coverage on Xponential Fitness in a report on Thursday, March 12th. They issued a “sector weight” rating for the company. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Xponential Fitness in a report on Thursday, March 19th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $8.44.

Xponential Fitness Stock Down 0.6%

XPOF stock opened at $5.68 on Tuesday. Xponential Fitness has a 52-week low of $3.83 and a 52-week high of $11.14. The stock’s 50 day moving average is $6.20 and its two-hundred day moving average is $6.94. The company has a market capitalization of $279.43 million, a PE ratio of -4.12 and a beta of 1.11.

Xponential Fitness (NYSE:XPOF) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.15). Xponential Fitness had a negative return on equity of 3.40% and a negative net margin of 11.28%.The business had revenue of $60.71 million for the quarter, compared to analysts’ expectations of $63.75 million. During the same quarter in the prior year, the firm earned $0.20 earnings per share. Xponential Fitness’s revenue for the quarter was down 21.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Xponential Fitness will post 0.4 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Voss Capital LP grew its stake in Xponential Fitness by 86.7% during the 4th quarter. Voss Capital LP now owns 6,033,653 shares of the company’s stock worth $49,657,000 after buying an additional 2,801,153 shares during the last quarter. Citizens Business Bank bought a new position in Xponential Fitness during the 1st quarter worth $12,040,000. Vanguard Group Inc. grew its stake in Xponential Fitness by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,554,023 shares of the company’s stock worth $12,106,000 after buying an additional 4,495 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Xponential Fitness by 8.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,463,682 shares of the company’s stock worth $11,402,000 after buying an additional 109,432 shares during the last quarter. Finally, Nomura Holdings Inc. grew its stake in Xponential Fitness by 8.8% during the 3rd quarter. Nomura Holdings Inc. now owns 1,412,218 shares of the company’s stock worth $11,001,000 after buying an additional 114,389 shares during the last quarter. 58.55% of the stock is currently owned by institutional investors.

About Xponential Fitness

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.