Xponential Fitness (NYSE:XPOF) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Xponential Fitness (NYSE:XPOF) from a hold rating to a buy rating in a research report report published on Thursday morning.

XPOF has been the topic of several other reports. Raymond James cut their price target on shares of Xponential Fitness from $16.00 to $15.00 and set a “strong-buy” rating on the stock in a report on Friday, May 9th. Stifel Nicolaus cut shares of Xponential Fitness from a “buy” rating to a “hold” rating and cut their price target for the company from $20.00 to $12.00 in a report on Friday, March 14th. Lake Street Capital cut their price target on shares of Xponential Fitness from $20.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, March 14th. Northland Capmk raised shares of Xponential Fitness to a “hold” rating in a report on Thursday, January 23rd. Finally, Guggenheim reaffirmed a “buy” rating and issued a $13.00 price target on shares of Xponential Fitness in a report on Monday, May 12th. Six research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Xponential Fitness presently has an average rating of “Moderate Buy” and an average target price of $13.94.

Xponential Fitness Trading Up 1.6%

Shares of XPOF stock opened at $8.42 on Thursday. The company has a market capitalization of $407.99 million, a PE ratio of -7.25 and a beta of 1.57. The firm has a fifty day simple moving average of $8.13 and a 200-day simple moving average of $12.54. Xponential Fitness has a twelve month low of $6.64 and a twelve month high of $18.95.

Xponential Fitness (NYSE:XPOF) last announced its earnings results on Thursday, May 8th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.35). The firm had revenue of $76.88 million during the quarter, compared to analysts’ expectations of $75.37 million. Xponential Fitness had a negative net margin of 9.15% and a negative return on equity of 4.37%. Xponential Fitness’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.16 earnings per share. Equities research analysts predict that Xponential Fitness will post 0.61 EPS for the current year.

Institutional Trading of Xponential Fitness

A number of institutional investors and hedge funds have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd raised its holdings in shares of Xponential Fitness by 142.9% during the first quarter. Dynamic Technology Lab Private Ltd now owns 157,279 shares of the company’s stock worth $1,310,000 after purchasing an additional 92,528 shares during the period. K2 Principal Fund L.P. acquired a new stake in shares of Xponential Fitness during the first quarter worth $750,000. AQR Capital Management LLC raised its holdings in shares of Xponential Fitness by 94.8% during the first quarter. AQR Capital Management LLC now owns 69,300 shares of the company’s stock worth $577,000 after purchasing an additional 33,722 shares during the period. MSD Partners L.P. raised its holdings in shares of Xponential Fitness by 18.1% during the first quarter. MSD Partners L.P. now owns 1,655,090 shares of the company’s stock worth $13,787,000 after purchasing an additional 253,631 shares during the period. Finally, Landscape Capital Management L.L.C. raised its holdings in shares of Xponential Fitness by 365.6% during the first quarter. Landscape Capital Management L.L.C. now owns 179,864 shares of the company’s stock worth $1,498,000 after purchasing an additional 141,234 shares during the period. 58.55% of the stock is owned by institutional investors and hedge funds.

About Xponential Fitness

Xponential Fitness, Inc, through its subsidiaries, operates as a boutique fitness franchisor in North America. It offers pilates, indoor cycling, barre, stretching, rowing, dancing, boxing, running, functional training, and yoga services under the Club Pilates, Pure Barre, CycleBar, StretchLab, Row House, YogaSix, Rumble, AKT, Stride, and BFT brands.