Brokerages Set Xponential Fitness, Inc. (NYSE:XPOF) Price Target at $8.50

Shares of Xponential Fitness, Inc. (NYSE:XPOF) have been assigned a consensus recommendation of “Hold” from the ten ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $8.50.

A number of equities research analysts recently weighed in on XPOF shares. Guggenheim dropped their price target on Xponential Fitness from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Zacks Research upgraded Xponential Fitness from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Roth Mkm set a $7.00 price target on Xponential Fitness in a research note on Friday, May 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Xponential Fitness in a research note on Monday, April 20th. Finally, KeyCorp started coverage on Xponential Fitness in a research note on Thursday, March 12th. They issued a “sector weight” rating on the stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Voss Capital LP grew its holdings in Xponential Fitness by 86.7% in the 4th quarter. Voss Capital LP now owns 6,033,653 shares of the company’s stock valued at $49,657,000 after buying an additional 2,801,153 shares in the last quarter. Citizens Business Bank acquired a new position in Xponential Fitness in the 1st quarter valued at $12,040,000. Vanguard Group Inc. grew its holdings in Xponential Fitness by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,554,023 shares of the company’s stock valued at $12,106,000 after buying an additional 4,495 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Xponential Fitness by 8.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,463,682 shares of the company’s stock valued at $11,402,000 after buying an additional 109,432 shares in the last quarter. Finally, Nomura Holdings Inc. grew its holdings in Xponential Fitness by 8.8% in the 3rd quarter. Nomura Holdings Inc. now owns 1,412,218 shares of the company’s stock valued at $11,001,000 after buying an additional 114,389 shares in the last quarter. 58.55% of the stock is owned by institutional investors and hedge funds.

Xponential Fitness Stock Down 4.4%

Shares of Xponential Fitness stock opened at $4.58 on Tuesday. Xponential Fitness has a 12-month low of $3.83 and a 12-month high of $11.14. The stock has a market cap of $225.20 million, a P/E ratio of -3.32 and a beta of 1.19. The business’s 50 day moving average is $6.25 and its 200-day moving average is $7.02.

Xponential Fitness (NYSE:XPOF) 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 return on equity of 3.40% and a negative net margin of 11.28%.The company had revenue of $60.71 million for the quarter, compared to the consensus estimate of $63.75 million. During the same quarter in the prior year, the company earned $0.20 EPS. The company’s revenue for the quarter was down 21.0% on a year-over-year basis. On average, sell-side analysts expect that Xponential Fitness will post 0.4 EPS for the current year.

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.