Xponential Fitness, Inc. (NYSE:XPOF) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Xponential Fitness, Inc. (NYSE:XPOF) have earned a consensus rating of “Reduce” from the nine brokerages that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $8.9167.

Several equities research analysts have commented on the stock. Robert W. Baird decreased 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. KeyCorp assumed coverage on Xponential Fitness in a research note on Thursday, March 12th. They issued a “sector weight” rating on the stock. Wall Street Zen downgraded Xponential Fitness from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Roth Mkm lowered Xponential Fitness from a “buy” rating to a “neutral” rating and set a $7.00 price target on the stock. in a report on Friday, February 27th. Finally, Raymond James Financial reissued a “market perform” rating on shares of Xponential Fitness in a research report on Thursday.

Xponential Fitness Stock Down 1.2%

Shares of XPOF opened at $5.65 on Monday. The business’s fifty day moving average is $7.35 and its 200 day moving average is $7.40. 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 $277.08 million, a P/E ratio of -3.87 and a beta of 1.48.

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

Hedge Funds Weigh In On Xponential Fitness

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Voss Capital LP lifted its stake in Xponential Fitness by 86.7% in the fourth quarter. Voss Capital LP now owns 6,033,653 shares of the company’s stock valued at $49,657,000 after purchasing an additional 2,801,153 shares during the last quarter. Vanguard Group Inc. increased its position in 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 buying an additional 4,495 shares during the last quarter. Ameriprise Financial Inc. increased its position in Xponential Fitness by 8.1% in the third quarter. Ameriprise Financial Inc. now owns 1,463,682 shares of the company’s stock worth $11,402,000 after buying an additional 109,432 shares during the last quarter. Nomura Holdings Inc. raised its stake in shares of Xponential Fitness by 8.8% in the third 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 during the period. Finally, Marshall Wace LLP lifted its position in shares of Xponential Fitness by 13.7% during the 3rd quarter. Marshall Wace LLP now owns 1,259,011 shares of the company’s stock valued at $9,808,000 after buying an additional 151,506 shares during the last quarter. 58.55% of the stock is 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.