Xponential Fitness, Inc. (NYSE:XPOF) Stock Has Consensus Price Target of $6.50

Shares of Xponential Fitness, Inc. (NYSE:XPOF) have received an average recommendation of “Hold” from the twelve brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $6.50.

Several brokerages have recently commented on XPOF. Wall Street Zen lowered Xponential Fitness from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. UBS Group dropped their price objective on Xponential Fitness from $7.00 to $4.50 and set a “neutral” rating for the company in a research note on Wednesday, September 16th. B. Riley Financial dropped their price objective on Xponential Fitness from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Monday, August 10th. Weiss Ratings cut Xponential Fitness from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, October 2nd. Finally, Guggenheim downgraded Xponential Fitness from a “buy” rating to a “neutral” rating in a research report on Friday, August 7th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Ameritas Advisory Services LLC acquired a new position in shares of Xponential Fitness during the 2nd quarter worth $35,000. IMC Chicago LLC acquired a new stake in Xponential Fitness in the 1st quarter valued at about $76,000. Sei Investments Co. acquired a new stake in Xponential Fitness in the 1st quarter valued at about $137,000. Quantinno Capital Management LP grew its stake in Xponential Fitness by 33.9% in the 1st quarter. Quantinno Capital Management LP now owns 29,268 shares of the company’s stock valued at $176,000 after acquiring an additional 7,410 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Xponential Fitness during the second quarter worth about $713,000. Hedge funds and other institutional investors own 58.55% of the company’s stock.

Xponential Fitness Stock Performance

Xponential Fitness stock opened at $4.83 on Friday. Xponential Fitness has a one year low of $3.57 and a one year high of $9.25. The business has a fifty day moving average of $4.72 and a two-hundred day moving average of $5.80. The company has a market cap of $237.97 million, a P/E ratio of -3.28 and a beta of 1.20.

Xponential Fitness (NYSE:XPOF) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.11). Xponential Fitness had a negative net margin of 13.64% and a negative return on equity of 3.40%. The company had revenue of $65.97 million during the quarter, compared to analysts’ expectations of $64.42 million. During the same quarter in the prior year, the business earned $0.26 EPS. The business’s revenue for the quarter was down 13.4% compared to the same quarter last year. Sell-side analysts predict that Xponential Fitness will post 0.14 EPS for the current year.

About Xponential Fitness

Xponential Fitness, Inc is a franchisor of boutique fitness and wellness brands. The company provides franchisees with brand concepts, operating systems, training, marketing support, technology and other resources intended to help them develop and operate fitness studios.

Its portfolio has included brands such as Club Pilates, CycleBar, StretchLab, YogaSix, Pure Barre, AKT, Rumble and BFT, along with wellness-focused concepts including Lindora. These businesses offer services such as Pilates, indoor cycling, assisted stretching, yoga, barre, dance-based workouts, boxing-inspired fitness, strength training and wellness programs.

Founded in 2017, Xponential Fitness is based in Irvine, California.