Zacks Research upgraded shares of Xponential Fitness (NYSE:XPOF – Free Report) from a strong sell rating to a hold rating in a research note issued to investors on Monday,Zacks.com reports.
Other analysts have also issued reports about the stock. Roth Mkm restated a “neutral” rating on shares of Xponential Fitness in a research note on Wednesday, April 8th. Wall Street Zen cut shares of Xponential Fitness from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Raymond James Financial reissued a “market perform” rating on shares of Xponential Fitness in a research report on Thursday, March 19th. Robert W. Baird reduced their price objective on shares of Xponential Fitness from $8.00 to $6.50 and set a “neutral” rating on the stock in a report on Friday, February 27th. Finally, KeyCorp assumed coverage on shares of Xponential Fitness in a research report on Thursday, March 12th. They set a “sector weight” rating for the company. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $8.92.
Read Our Latest Report on Xponential Fitness
Xponential Fitness Price Performance
Xponential Fitness (NYSE:XPOF – Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.88). The company had revenue of $82.96 million during the quarter, compared to analyst estimates of $73.42 million. Xponential Fitness had a negative net margin of 10.90% and a negative return on equity of 2.19%. Xponential Fitness’s revenue for the quarter was down .3% on a year-over-year basis. During the same period in the prior year, the business earned ($0.19) EPS. On average, research analysts anticipate that Xponential Fitness will post 0.51 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd increased its stake 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 purchasing an additional 3,421 shares during the period. Aquatic Capital Management LLC acquired a new stake in shares of Xponential Fitness during the third quarter worth about $44,000. Larson Financial Group LLC acquired a new stake in shares of Xponential Fitness during the third quarter worth about $54,000. Wexford Capital LP purchased a new position in shares of Xponential Fitness during the third quarter worth about $59,000. Finally, IMC Chicago LLC purchased a new position in shares of Xponential Fitness during the first quarter worth about $76,000. 58.55% of the stock is owned by hedge funds and other 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.
Further Reading
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