Xponential Fitness (NYSE:XPOF) Upgraded by Northland Securities to Outperform Rating

Xponential Fitness (NYSE:XPOF) was upgraded by analysts at Northland Securities from a “market perform” rating to an “outperform” rating in a note issued to investors on Wednesday, Marketbeat reports. The brokerage currently has a $8.00 price target on the stock. Northland Securities’ price objective would suggest a potential upside of 66.08% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Roth Mkm set a $7.00 price target on Xponential Fitness in a report on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Xponential Fitness in a research report on Monday, April 20th. Lake Street Capital downgraded shares of Xponential Fitness from a “buy” rating to a “hold” rating and set a $6.00 price target for the company. in a research report on Friday, May 8th. KeyCorp began coverage on shares of Xponential Fitness in a report on Thursday, March 12th. They issued a “sector weight” rating on the stock. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Xponential Fitness in a research note on Thursday, March 19th. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $8.44.

Xponential Fitness Trading Up 5.4%

XPOF opened at $4.82 on Wednesday. Xponential Fitness has a twelve month low of $3.83 and a twelve month high of $11.14. The firm has a market cap of $236.85 million, a price-to-earnings ratio of -3.49 and a beta of 1.19. The company has a fifty day simple moving average of $6.22 and a 200 day simple moving average of $7.00.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its position in shares of Xponential Fitness by 1,621.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,632 shares of the company’s stock valued at $30,000 after acquiring an additional 3,421 shares in the last quarter. Aquatic Capital Management LLC bought a new stake in Xponential Fitness during the third quarter valued at $44,000. Larson Financial Group LLC bought a new stake in Xponential Fitness during the third quarter valued at $54,000. Wexford Capital LP acquired a new stake in shares of Xponential Fitness during the third quarter worth $59,000. Finally, IMC Chicago LLC acquired a new stake in shares of Xponential Fitness during the first quarter worth $76,000. Institutional investors and hedge funds own 58.55% of the company’s stock.

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.