Xponential Fitness, Inc. (NYSE:XPOF) Receives Average Recommendation of “Hold” from Brokerages

Xponential Fitness, Inc. (NYSE:XPOF) has been given an average rating of “Hold” by the eleven analysts that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $8.4375.

A number of research firms have weighed in on XPOF. Lake Street Capital cut Xponential Fitness from a “buy” rating to a “hold” rating and set a $6.00 price objective for the company. in a research report on Friday, May 8th. Robert W. Baird cut their target price on Xponential Fitness from $8.00 to $6.50 and set a “neutral” rating for the company in a research note on Friday, February 27th. Guggenheim cut their target price on Xponential Fitness from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. KeyCorp began coverage on Xponential Fitness in a research note on Thursday, March 12th. They set a “sector weight” rating for the company. Finally, Raymond James Financial reissued a “market perform” rating on shares of Xponential Fitness in a research note on Thursday, March 19th.

Xponential Fitness Trading Up 4.6%

Xponential Fitness stock opened at $5.98 on Friday. Xponential Fitness has a twelve month low of $3.83 and a twelve month high of $11.14. The stock has a 50 day moving average of $6.18 and a two-hundred day moving average of $6.94. The stock has a market capitalization of $294.23 million, a price-to-earnings ratio of -4.34 and a beta of 1.11.

Xponential Fitness (NYSE:XPOF) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.15). Xponential Fitness had a negative return on equity of 3.40% and a negative net margin of 11.28%.The company had revenue of $60.71 million for the quarter, compared to analyst estimates of $63.75 million. During the same period in the previous year, the business posted $0.20 earnings per share. The firm’s revenue was down 21.0% compared to the same quarter last year. Equities analysts predict that Xponential Fitness will post 0.4 earnings per share for the current year.

Hedge Funds Weigh In On Xponential Fitness

A number of large investors have recently modified their holdings of XPOF. AQR Capital Management LLC raised its stake in shares of Xponential Fitness by 94.8% during the 1st quarter. AQR Capital Management LLC now owns 69,300 shares of the company’s stock worth $577,000 after buying an additional 33,722 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Xponential Fitness by 9.6% during the 2nd quarter. Geode Capital Management LLC now owns 610,185 shares of the company’s stock worth $4,571,000 after buying an additional 53,663 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Xponential Fitness by 1,347.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 170,207 shares of the company’s stock worth $1,275,000 after buying an additional 158,450 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Xponential Fitness by 8.1% during the 2nd quarter. Rhumbline Advisers now owns 35,633 shares of the company’s stock worth $267,000 after buying an additional 2,668 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Xponential Fitness during the 2nd quarter worth approximately $204,000. 58.55% of the stock is owned by hedge funds and other 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.