KeyCorp Begins Coverage on Xponential Fitness (NYSE:XPOF)

Research analysts at KeyCorp initiated coverage on shares of Xponential Fitness (NYSE:XPOF) in a report issued on Thursday,Benzinga reports. The brokerage set a “sector weight” rating on the stock.

Several other analysts have also weighed in on XPOF. Roth Mkm lowered Xponential Fitness from a “buy” rating to a “neutral” rating and set a $7.00 price objective for the company. in a report on Friday, February 27th. Stifel Nicolaus reduced their target price on Xponential Fitness from $10.00 to $8.00 and set a “hold” rating on the stock in a report on Friday, November 21st. Zacks Research downgraded Xponential Fitness from a “hold” rating to a “strong sell” rating in a report on Friday, February 27th. Robert W. Baird dropped their price target on Xponential Fitness from $8.00 to $6.50 and set a “neutral” rating on the stock in a research report on Friday, February 27th. Finally, Wall Street Zen cut Xponential Fitness from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Xponential Fitness currently has an average rating of “Hold” and an average target price of $9.72.

Xponential Fitness Price Performance

NYSE XPOF opened at $6.03 on Thursday. The company has a market capitalization of $294.96 million, a price-to-earnings ratio of -4.13 and a beta of 1.48. Xponential Fitness has a 12 month low of $3.83 and a 12 month high of $13.08. The company’s fifty day moving average price is $7.69 and its two-hundred day moving average price is $7.55.

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

Institutional Investors Weigh In On Xponential Fitness

A number of hedge funds have recently added to or reduced their stakes in the stock. Voss Capital LP lifted its position in Xponential Fitness by 86.7% in the 4th 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. Nomura Holdings Inc. raised its holdings in shares of Xponential Fitness by 3,716.6% during the second quarter. Nomura Holdings Inc. now owns 1,297,829 shares of the company’s stock valued at $9,721,000 after buying an additional 1,263,824 shares during the last quarter. Hudson Bay Capital Management LP bought a new stake in shares of Xponential Fitness during the fourth quarter valued at approximately $6,172,000. CenterBook Partners LP acquired a new position in shares of Xponential Fitness during the fourth quarter worth approximately $4,253,000. Finally, Cibc World Markets Corp bought a new position in Xponential Fitness in the 4th quarter worth approximately $3,718,000. 58.55% of the stock is currently owned by 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.