Zacks Research downgraded shares of Xponential Fitness (NYSE:XPOF – Free Report) from a hold rating to a strong sell rating in a research note published on Tuesday,Zacks.com reports.
A number of other equities research analysts have also recently issued reports on the stock. Raymond James Financial reaffirmed a “market perform” rating on shares of Xponential Fitness in a research note on Thursday, March 19th. Robert W. Baird cut their price objective on shares of Xponential Fitness from $8.00 to $6.50 and set a “neutral” rating for the company in a research note on Friday, February 27th. KeyCorp began coverage on shares of Xponential Fitness in a research note on Thursday, March 12th. They issued a “sector weight” rating for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Xponential Fitness in a research report on Monday, April 20th. Finally, Guggenheim dropped their price target on shares of Xponential Fitness from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $8.44.
Get Our Latest Stock Report on Xponential Fitness
Xponential Fitness Stock Performance
Xponential Fitness (NYSE:XPOF – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.15). Xponential Fitness had a negative net margin of 11.28% and a negative return on equity of 3.40%. The business had revenue of $60.71 million during the quarter, compared to analysts’ expectations of $63.75 million. During the same period last year, the company posted $0.20 EPS. Xponential Fitness’s revenue for the quarter was down 21.0% on a year-over-year basis. On average, equities research analysts forecast that Xponential Fitness will post 0.4 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of XPOF. Caitong International Asset Management Co. Ltd increased its stake in shares of Xponential Fitness by 1,621.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,632 shares of the company’s stock worth $30,000 after acquiring an additional 3,421 shares in the last quarter. Aquatic Capital Management LLC bought a new position in shares of Xponential Fitness in the 3rd quarter worth about $44,000. Larson Financial Group LLC bought a new position in shares of Xponential Fitness in the 3rd quarter worth about $54,000. Wexford Capital LP bought a new position in shares of Xponential Fitness in the 3rd quarter worth about $59,000. Finally, IMC Chicago LLC bought a new position in shares of Xponential Fitness in the 1st quarter worth about $76,000. 58.55% of the stock is currently owned by institutional investors.
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.
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