Xponential Fitness (NYSE:XPOF) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Xponential Fitness (NYSE:XPOF) from a buy rating to a hold rating in a research report report published on Monday morning.

A number of other brokerages have also recently issued reports on XPOF. UBS Group assumed coverage on Xponential Fitness in a research report on Friday, October 17th. They issued a “neutral” rating and a $8.00 target price for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Xponential Fitness in a research report on Wednesday, October 8th. Finally, Raymond James Financial decreased their price objective on Xponential Fitness from $15.00 to $14.00 and set a “strong-buy” rating for the company in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Xponential Fitness has an average rating of “Hold” and a consensus target price of $12.31.

Xponential Fitness Stock Up 1.4%

Shares of NYSE XPOF opened at $6.54 on Monday. The stock has a market cap of $319.35 million, a PE ratio of -3.72 and a beta of 1.43. Xponential Fitness has a 52-week low of $6.29 and a 52-week high of $18.87. The business has a 50-day moving average price of $7.70 and a 200 day moving average price of $8.54.

Xponential Fitness (NYSE:XPOF) last announced its earnings results on Thursday, August 7th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.07. The firm had revenue of $76.21 million during the quarter, compared to analyst estimates of $77.23 million. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the company earned ($0.29) earnings per share. Sell-side analysts anticipate that Xponential Fitness will post 0.61 earnings per share for the current year.

Insider Activity

In other Xponential Fitness news, Director Bruce N. Haase bought 70,000 shares of the business’s stock in a transaction dated Tuesday, August 12th. The stock was acquired at an average cost of $7.67 per share, with a total value of $536,900.00. Following the purchase, the director owned 95,937 shares in the company, valued at approximately $735,836.79. This represents a 269.88% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 42.26% of the company’s stock.

Hedge Funds Weigh In On Xponential Fitness

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Jones Financial Companies Lllp raised its holdings in Xponential Fitness by 4,364.1% during the third quarter. Jones Financial Companies Lllp now owns 35,802 shares of the company’s stock worth $281,000 after purchasing an additional 35,000 shares during the last quarter. RWWM Inc. acquired a new position in Xponential Fitness during the third quarter worth $234,000. Nomura Holdings Inc. raised its holdings in Xponential Fitness by 3,716.6% during the second quarter. Nomura Holdings Inc. now owns 1,297,829 shares of the company’s stock worth $9,721,000 after purchasing an additional 1,263,824 shares during the last quarter. SkyView Investment Advisors LLC raised its holdings in Xponential Fitness by 4.9% during the second quarter. SkyView Investment Advisors LLC now owns 39,871 shares of the company’s stock worth $302,000 after purchasing an additional 1,859 shares during the last quarter. Finally, Solel Partners LP acquired a new position in Xponential Fitness during the second quarter worth $1,945,000. 58.55% of the stock is owned by institutional investors and hedge funds.

Xponential Fitness Company Profile

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.