Zacks Research Downgrades Xponential Fitness (NYSE:XPOF) to Strong Sell

Xponential Fitness (NYSE:XPOF) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other analysts have also recently issued reports on XPOF. Robert W. Baird lowered 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. Raymond James Financial reissued a “market perform” rating on shares of Xponential Fitness in a research note on Thursday, March 19th. Lake Street Capital cut shares of Xponential Fitness from a “buy” rating to a “hold” rating and set a $6.00 price objective for the company. in a research note on Friday, May 8th. Roth Mkm set a $7.00 price objective on shares of Xponential Fitness in a research note on Friday, May 8th. Finally, Wall Street Zen cut shares of Xponential Fitness from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Xponential Fitness currently has a consensus rating of “Hold” and a consensus target price of $8.44.

Xponential Fitness Stock Down 0.6%

Shares of NYSE XPOF opened at $5.68 on Tuesday. Xponential Fitness has a 52-week low of $3.83 and a 52-week high of $11.14. The firm has a fifty day moving average of $6.20 and a 200-day moving average of $6.94. The stock has a market capitalization of $279.43 million, a PE ratio of -4.12 and a beta of 1.11.

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 the consensus estimate 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 company had revenue of $60.71 million for the quarter, compared to analysts’ expectations of $63.75 million. During the same period in the prior year, the firm earned $0.20 earnings per share. The firm’s quarterly revenue was down 21.0% on a year-over-year basis. Equities research analysts expect that Xponential Fitness will post 0.4 EPS for the current fiscal year.

Institutional Trading of Xponential Fitness

Institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd boosted its position in Xponential Fitness by 1,621.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,632 shares of the company’s stock worth $30,000 after purchasing an additional 3,421 shares during the period. Aquatic Capital Management LLC purchased a new stake in Xponential Fitness during the 3rd quarter worth $44,000. Larson Financial Group LLC purchased a new stake in Xponential Fitness during 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 acquired a new position in Xponential Fitness in the 4th quarter worth $85,000. 58.55% of the stock is owned by hedge funds and other 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.