Xponential Fitness (NYSE:XPOF) Receives “Buy” Rating from Guggenheim

Xponential Fitness (NYSE:XPOF)‘s stock had its “buy” rating restated by equities researchers at Guggenheim in a note issued to investors on Monday,Benzinga reports. They currently have a $13.00 price target on the stock. Guggenheim’s price target would suggest a potential upside of 39.07% from the stock’s previous close.

A number of other research analysts have also weighed in on the stock. Northland Securities began coverage on shares of Xponential Fitness in a report on Thursday, January 23rd. They issued a “market perform” rating and a $17.50 target price for the company. Raymond James cut their target price on shares of Xponential Fitness from $16.00 to $15.00 and set a “strong-buy” rating for the company in a report on Friday. Northland Capmk raised shares of Xponential Fitness to a “hold” rating in a report on Thursday, January 23rd. Piper Sandler cut their target price on shares of Xponential Fitness from $16.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, March 14th. Finally, Lake Street Capital cut their target price on shares of Xponential Fitness from $20.00 to $16.00 and set a “buy” rating for the company in a report on Friday, March 14th. Six analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Xponential Fitness has an average rating of “Moderate Buy” and a consensus target price of $13.94.

Xponential Fitness Stock Performance

Shares of Xponential Fitness stock traded up $1.21 on Monday, hitting $9.35. 218,338 shares of the company traded hands, compared to its average volume of 639,978. The stock has a market capitalization of $453.23 million, a P/E ratio of -8.07 and a beta of 1.57. Xponential Fitness has a 52 week low of $6.64 and a 52 week high of $18.95. The business has a 50-day simple moving average of $8.57 and a 200 day simple moving average of $12.76.

Xponential Fitness (NYSE:XPOF) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.35). The company had revenue of $76.88 million for the quarter, compared to the consensus estimate of $75.37 million. Xponential Fitness had a negative net margin of 9.15% and a negative return on equity of 4.37%. The company’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 EPS. Research analysts expect that Xponential Fitness will post 0.61 earnings per share for the current year.

Institutional Trading of Xponential Fitness

A number of large investors have recently made changes to their positions in XPOF. Marshall Wace LLP boosted its stake in shares of Xponential Fitness by 564.8% during the fourth quarter. Marshall Wace LLP now owns 640,769 shares of the company’s stock valued at $8,618,000 after purchasing an additional 544,382 shares during the period. Clark Estates Inc. NY purchased a new stake in shares of Xponential Fitness during the fourth quarter valued at $2,690,000. Prospect Capital Advisors LLC bought a new stake in shares of Xponential Fitness in the fourth quarter valued at about $2,590,000. Formula Growth Ltd. raised its holdings in shares of Xponential Fitness by 119.4% in the fourth quarter. Formula Growth Ltd. now owns 306,119 shares of the company’s stock valued at $4,117,000 after acquiring an additional 166,600 shares in the last quarter. Finally, PCJ Investment Counsel Ltd. bought a new stake in shares of Xponential Fitness in the fourth quarter valued at about $2,192,000. 58.55% of the stock is owned by hedge funds and other institutional investors.

Xponential Fitness Company Profile

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.