Xponential Fitness (NYSE:XPOF) Now Covered by KeyCorp

KeyCorp initiated coverage on shares of Xponential Fitness (NYSE:XPOF) in a report published on Thursday, Marketbeat Ratings reports. The brokerage issued a sector weight rating on the stock.

Several other equities research analysts have also recently weighed in on XPOF. Roth Mkm cut Xponential Fitness from a “buy” rating to a “neutral” rating and set a $7.00 price objective on the stock. in a research note on Friday, February 27th. Wall Street Zen cut Xponential Fitness from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Robert W. Baird cut their price objective on shares of Xponential Fitness from $8.00 to $6.50 and set a “neutral” rating on the stock in a research report on Friday, February 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Xponential Fitness in a research note on Wednesday, January 21st. Finally, Stifel Nicolaus cut their price target on shares of Xponential Fitness from $10.00 to $8.00 and set a “hold” rating on the stock in a report on Friday, November 21st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Xponential Fitness currently has a consensus rating of “Hold” and an average target price of $9.72.

Xponential Fitness Stock Down 1.8%

Shares of NYSE:XPOF opened at $5.92 on Thursday. The firm has a fifty day simple moving average of $7.64 and a two-hundred day simple moving average of $7.53. Xponential Fitness has a 52 week low of $3.83 and a 52 week high of $13.08. The stock has a market capitalization of $289.65 million, a P/E ratio of -4.06 and a beta of 1.48.

Xponential Fitness (NYSE:XPOF) last announced its earnings results on Thursday, February 26th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.88). Xponential Fitness had a negative net margin of 10.90% and a negative return on equity of 2.19%. The business had revenue of $82.96 million for the quarter, compared to analysts’ expectations of $73.42 million. During the same quarter in the prior year, the company posted ($0.19) earnings per share. The firm’s quarterly revenue was down .3% compared to the same quarter last year. On average, analysts expect that Xponential Fitness will post 0.61 earnings per share for the current year.

Institutional Investors Weigh In On Xponential Fitness

Hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its holdings 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 acquiring an additional 3,421 shares in the last quarter. Aquatic Capital Management LLC purchased a new stake in shares of Xponential Fitness during the third quarter valued at about $44,000. Larson Financial Group LLC bought a new stake in shares of Xponential Fitness in the 3rd quarter valued at about $54,000. Wexford Capital LP bought a new position in shares of Xponential Fitness during the 3rd quarter worth approximately $59,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of Xponential Fitness during the fourth quarter worth $85,000. 58.55% of the stock is currently owned by hedge funds and other institutional investors.

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.