Xponential Fitness (NYSE:XPOF) Trading Down 1.1% – Here’s Why

Xponential Fitness, Inc. (NYSE:XPOF) shares dropped 1.1% during mid-day trading on Wednesday . The company traded as low as $7.70 and last traded at $7.7850. Approximately 586,596 shares traded hands during mid-day trading, an increase of 93% from the average daily volume of 304,448 shares. The stock had previously closed at $7.87.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Wall Street Zen upgraded Xponential Fitness from a “hold” rating to a “buy” rating in a research note on Tuesday, November 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Xponential Fitness in a research report on Wednesday, January 21st. UBS Group initiated coverage on shares of Xponential Fitness in a research note on Friday, October 17th. They set a “neutral” rating and a $8.00 target price for the company. Guggenheim decreased their price target on shares of Xponential Fitness from $13.00 to $12.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Finally, Stifel Nicolaus cut their price objective on shares of Xponential Fitness from $10.00 to $8.00 and set a “hold” rating for the company in a research report on Friday, November 21st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Xponential Fitness currently has an average rating of “Hold” and a consensus target price of $10.86.

Xponential Fitness Price Performance

The business’s 50-day moving average is $7.66 and its 200 day moving average is $8.03. The firm has a market capitalization of $380.76 million, a P/E ratio of -4.72 and a beta of 1.41.

Xponential Fitness (NYSE:XPOF) last announced its earnings results on Thursday, November 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.20. Xponential Fitness had a negative net margin of 15.30% and a negative return on equity of 6.85%. The firm had revenue of $78.82 million for the quarter, compared to analyst estimates of $75.25 million. During the same quarter in the prior year, the business posted ($0.04) EPS. The business’s revenue was down 2.1% compared to the same quarter last year. Analysts anticipate that Xponential Fitness, Inc. will post 0.61 EPS for the current fiscal year.

Hedge Funds Weigh In On Xponential Fitness

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XPOF. SkyView Investment Advisors LLC raised its position in Xponential Fitness by 4.9% during the 2nd quarter. SkyView Investment Advisors LLC now owns 39,871 shares of the company’s stock worth $302,000 after purchasing an additional 1,859 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of Xponential Fitness by 20.4% in the third quarter. Raymond James Financial Inc. now owns 14,732 shares of the company’s stock valued at $115,000 after buying an additional 2,500 shares during the period. Rhumbline Advisers raised its position in shares of Xponential Fitness by 8.1% during the second quarter. Rhumbline Advisers now owns 35,633 shares of the company’s stock worth $267,000 after acquiring an additional 2,668 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Xponential Fitness by 0.3% in the third quarter. Vanguard Group Inc. now owns 1,554,023 shares of the company’s stock worth $12,106,000 after acquiring an additional 4,495 shares during the period. Finally, Ameritas Advisory Services LLC bought a new stake in Xponential Fitness in the second quarter valued at approximately $37,000. 58.55% of the stock is owned by institutional investors and hedge funds.

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.