Analysts Set Xponential Fitness, Inc. (NYSE:XPOF) Price Target at $8.92

Shares of Xponential Fitness, Inc. (NYSE:XPOF) have been assigned an average rating of “Reduce” from the nine ratings firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $8.9167.

A number of equities analysts recently issued reports on the company. Raymond James Financial restated a “market perform” rating on shares of Xponential Fitness in a research note on Thursday, March 19th. Robert W. Baird dropped their price target on Xponential Fitness from $8.00 to $6.50 and set a “neutral” rating on the stock in a research note on Friday, February 27th. Roth Mkm lowered Xponential Fitness from a “buy” rating to a “neutral” rating and set a $7.00 price objective on the stock. in a report on Friday, February 27th. Weiss Ratings restated a “sell (d-)” rating on shares of Xponential Fitness in a research note on Wednesday, January 21st. Finally, Zacks Research downgraded Xponential Fitness from a “hold” rating to a “strong sell” rating in a report on Friday, February 27th.

Xponential Fitness Trading Down 1.5%

Shares of Xponential Fitness stock opened at $5.76 on Monday. Xponential Fitness has a 12-month low of $3.83 and a 12-month high of $11.14. The firm has a market capitalization of $282.72 million, a price-to-earnings ratio of -3.95 and a beta of 1.48. The firm’s 50 day simple moving average is $7.12 and its two-hundred day simple moving average is $7.33.

Xponential Fitness (NYSE:XPOF) 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 analysts’ expectations of $73.42 million. Xponential Fitness had a negative return on equity of 2.19% and a negative net margin of 10.90%.The company’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.19) EPS. On average, sell-side analysts predict that Xponential Fitness will post 0.61 EPS for the current fiscal year.

Institutional Trading of Xponential Fitness

Several institutional investors and hedge funds have recently bought and sold shares of XPOF. Luxor Capital Group LP increased its stake in shares of Xponential Fitness by 61.6% in the second quarter. Luxor Capital Group LP now owns 346,895 shares of the company’s stock worth $2,598,000 after acquiring an additional 132,270 shares during the period. Divisadero Street Capital Management LP lifted its position in Xponential Fitness by 102.8% during the third quarter. Divisadero Street Capital Management LP now owns 368,801 shares of the company’s stock valued at $2,873,000 after purchasing an additional 186,943 shares during the period. Nomura Holdings Inc. lifted its position in Xponential Fitness by 3,716.6% during the second quarter. Nomura Holdings Inc. now owns 1,297,829 shares of the company’s stock valued at $9,721,000 after purchasing an additional 1,263,824 shares during the period. Voss Capital LP boosted its holdings in Xponential Fitness by 7.8% in the third quarter. Voss Capital LP now owns 3,232,500 shares of the company’s stock valued at $25,181,000 after purchasing an additional 232,500 shares during the last quarter. Finally, AYAL Capital Advisors Ltd purchased a new stake in Xponential Fitness in the second quarter valued at $1,498,000. 58.55% of the stock is currently owned by institutional investors and hedge funds.

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.