Xponential Fitness (NYSE:XPOF) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of Xponential Fitness (NYSE:XPOFFree Report) from a hold rating to a sell rating in a research note released on Saturday morning.

XPOF has been the subject of several other research reports. Northland Securities upgraded Xponential Fitness from a “market perform” rating to an “outperform” rating and set a $8.00 price objective for the company in a report on Wednesday, May 20th. Roth Capital set a $7.00 target price on Xponential Fitness in a report on Friday, May 8th. Zacks Research raised Xponential Fitness from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Lake Street Capital cut shares of Xponential Fitness from a “buy” rating to a “hold” rating and set a $6.00 price target on the stock. in a report on Friday, May 8th. Finally, Weiss Ratings upgraded shares of Xponential Fitness from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 28th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $8.44.

Read Our Latest Analysis on Xponential Fitness

Xponential Fitness Trading Up 1.8%

XPOF stock opened at $6.64 on Friday. The stock has a market capitalization of $326.39 million, a price-to-earnings ratio of -4.81 and a beta of 1.07. The firm’s 50-day moving average price is $6.45 and its two-hundred day moving average price is $6.69. Xponential Fitness has a 12-month low of $3.83 and a 12-month high of $10.71.

Xponential Fitness (NYSE:XPOFGet Free Report) last posted its earnings results on Thursday, May 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm 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 company posted $0.20 earnings per share. The business’s revenue for the quarter was down 21.0% on a year-over-year basis. Equities analysts predict that Xponential Fitness will post 0.4 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Janus Henderson Group PLC purchased a new position in shares of Xponential Fitness in the 1st quarter valued at approximately $1,601,000. Kanen Wealth Management LLC raised its holdings in Xponential Fitness by 426.2% in the first quarter. Kanen Wealth Management LLC now owns 845,922 shares of the company’s stock worth $5,092,000 after purchasing an additional 685,149 shares in the last quarter. Quantinno Capital Management LP raised its holdings in Xponential Fitness by 33.9% in the first quarter. Quantinno Capital Management LP now owns 29,268 shares of the company’s stock worth $176,000 after purchasing an additional 7,410 shares in the last quarter. Sei Investments Co. purchased a new position in Xponential Fitness during the first quarter valued at $137,000. Finally, IMC Chicago LLC purchased a new position in Xponential Fitness during the first quarter valued at $76,000. Institutional investors own 58.55% of the company’s stock.

Xponential Fitness Company Profile

(Get Free Report)

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

Analyst Recommendations for Xponential Fitness (NYSE:XPOF)

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