Xponential Fitness (NYSE:XPOF) Rating Increased to Hold at Zacks Research

Xponential Fitness (NYSE:XPOFGet Free Report) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Other research analysts also recently issued research reports about the company. KeyCorp began coverage on Xponential Fitness in a research note on Thursday, March 12th. They issued a “sector weight” rating on the stock. Wall Street Zen upgraded Xponential Fitness from a “sell” rating to a “hold” rating in a report on Sunday. Weiss Ratings cut Xponential Fitness from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, June 5th. Roth Capital set a $7.00 target price on Xponential Fitness in a research report on Friday, May 8th. Finally, Northland Securities upgraded Xponential Fitness from a “market perform” rating to an “outperform” rating and set a $8.00 target price for the company in a research report on Wednesday, May 20th. Two investment 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $8.44.

Read Our Latest Analysis on Xponential Fitness

Xponential Fitness Price Performance

XPOF opened at $6.69 on Tuesday. The firm has a 50 day simple moving average of $6.12 and a 200 day simple moving average of $6.90. Xponential Fitness has a fifty-two week low of $3.83 and a fifty-two week high of $11.14. The company has a market cap of $328.95 million, a price-to-earnings ratio of -4.85 and a beta of 1.07.

Xponential Fitness (NYSE:XPOFGet 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 the consensus estimate of $63.75 million. During the same period in the previous year, the business posted $0.20 earnings per share. Xponential Fitness’s revenue was down 21.0% compared to the same quarter last year. As a group, analysts expect that Xponential Fitness will post 0.4 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of XPOF. Caitong International Asset Management Co. Ltd increased its position in shares of Xponential Fitness by 1,621.3% during the fourth 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 stake in Xponential Fitness in the 3rd quarter valued at $44,000. Larson Financial Group LLC acquired a new position in Xponential Fitness in the 3rd quarter worth $54,000. Wexford Capital LP acquired a new position in Xponential Fitness in the 3rd quarter worth $59,000. Finally, State of Alaska Department of Revenue bought a new position in Xponential Fitness during the 4th quarter worth about $85,000. 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.

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Analyst Recommendations for Xponential Fitness (NYSE:XPOF)

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