Xponential Fitness (NYSE:XPOF) Given “Market Perform” Rating at Raymond James Financial

Raymond James Financial reiterated their market perform rating on shares of Xponential Fitness (NYSE:XPOF) in a research note published on Thursday, Marketbeat Ratings reports.

A number of other analysts have also recently weighed in on the company. Wall Street Zen cut Xponential Fitness from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Zacks Research downgraded Xponential Fitness from a “hold” rating to a “strong sell” rating in a research note on Friday, February 27th. Stifel Nicolaus dropped their target price on Xponential Fitness from $10.00 to $8.00 and set a “hold” rating on the stock in a research report on Friday, November 21st. KeyCorp initiated coverage on Xponential Fitness in a research note on Thursday, March 12th. They issued a “sector weight” rating on the stock. Finally, Roth Mkm downgraded shares of Xponential Fitness from a “buy” rating to a “neutral” rating and set a $7.00 price target for the company. in a report on Friday, February 27th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Xponential Fitness presently has an average rating of “Reduce” and a consensus price target of $8.92.

Xponential Fitness Price Performance

Xponential Fitness stock opened at $5.74 on Thursday. Xponential Fitness has a 12 month low of $3.83 and a 12 month high of $11.14. The company has a fifty day moving average price of $7.41 and a two-hundred day moving average price of $7.44. The company has a market cap of $281.55 million, a PE ratio of -3.93 and a beta of 1.48.

Xponential Fitness (NYSE:XPOF) last issued its earnings results on Thursday, February 26th. The company reported ($0.91) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.88). Xponential Fitness had a negative return on equity of 2.19% and a negative net margin of 10.90%.The business had revenue of $82.96 million for the quarter, compared to analyst estimates of $73.42 million. During the same period last year, the company posted ($0.19) earnings per share. The firm’s revenue for the quarter was down .3% on a year-over-year basis. Equities research analysts anticipate that Xponential Fitness will post 0.61 earnings per share for the current year.

Institutional Trading of Xponential Fitness

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC boosted its holdings in shares of Xponential Fitness by 94.8% in the first quarter. AQR Capital Management LLC now owns 69,300 shares of the company’s stock valued at $577,000 after acquiring an additional 33,722 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Xponential Fitness by 9.6% during the second quarter. Geode Capital Management LLC now owns 610,185 shares of the company’s stock valued at $4,571,000 after acquiring an additional 53,663 shares during the period. Dynamic Technology Lab Private Ltd raised its holdings in Xponential Fitness by 61.8% during the second quarter. Dynamic Technology Lab Private Ltd now owns 254,442 shares of the company’s stock worth $1,905,000 after purchasing an additional 97,163 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Xponential Fitness by 1,347.7% in the second quarter. JPMorgan Chase & Co. now owns 170,207 shares of the company’s stock worth $1,275,000 after purchasing an additional 158,450 shares during the period. Finally, Rhumbline Advisers lifted its position in Xponential Fitness by 8.1% in the second quarter. Rhumbline Advisers now owns 35,633 shares of the company’s stock worth $267,000 after purchasing an additional 2,668 shares during the period. 58.55% of the stock is currently owned by 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.