Xponential Fitness (NYSE:XPOF) Raised to “Buy” at Wall Street Zen

Xponential Fitness (NYSE:XPOF) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Thursday.

A number of other brokerages have also recently issued reports on XPOF. Raymond James reduced their price objective on shares of Xponential Fitness from $16.00 to $15.00 and set a “strong-buy” rating for the company in a research note on Friday, May 9th. Lake Street Capital cut their price target on Xponential Fitness from $20.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, March 14th. Stifel Nicolaus downgraded Xponential Fitness from a “buy” rating to a “hold” rating and lowered their price objective for the company from $20.00 to $12.00 in a research report on Friday, March 14th. Northland Capmk raised Xponential Fitness to a “hold” rating in a research note on Thursday, January 23rd. Finally, Guggenheim reiterated a “buy” rating and set a $13.00 target price on shares of Xponential Fitness in a research report on Monday, May 12th. Six analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $13.94.

Xponential Fitness Price Performance

Shares of NYSE:XPOF opened at $8.40 on Thursday. The stock has a market capitalization of $407.27 million, a PE ratio of -7.24 and a beta of 1.57. The firm’s 50 day moving average price is $8.11 and its 200-day moving average price is $12.51. Xponential Fitness has a twelve month low of $6.64 and a twelve month high of $18.95.

Xponential Fitness (NYSE:XPOF) last announced its earnings results on Thursday, May 8th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). The business had revenue of $76.88 million for the quarter, compared to analysts’ expectations of $75.37 million. Xponential Fitness had a negative net margin of 9.15% and a negative return on equity of 4.37%. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.16 earnings per share. Analysts expect that Xponential Fitness will post 0.61 earnings per share for the current fiscal year.

Institutional Trading of Xponential Fitness

Several hedge funds have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Xponential Fitness during the 4th quarter valued at about $29,000. Point72 Asset Management L.P. bought a new stake in Xponential Fitness during the fourth quarter worth approximately $46,000. AlphaQuest LLC raised its position in Xponential Fitness by 335.9% during the fourth quarter. AlphaQuest LLC now owns 4,843 shares of the company’s stock valued at $65,000 after purchasing an additional 3,732 shares during the period. Asset Planning Inc bought a new stake in shares of Xponential Fitness in the 4th quarter valued at approximately $71,000. Finally, Mariner LLC purchased a new position in shares of Xponential Fitness in the 4th quarter worth approximately $163,000. 58.55% of the stock is owned by hedge funds and other institutional investors.

About Xponential Fitness

Xponential Fitness, Inc, through its subsidiaries, operates as a boutique fitness franchisor in North America. It offers pilates, indoor cycling, barre, stretching, rowing, dancing, boxing, running, functional training, and yoga services under the Club Pilates, Pure Barre, CycleBar, StretchLab, Row House, YogaSix, Rumble, AKT, Stride, and BFT brands.