Xponential Fitness (NYSE:XPOF) Stock Rating Lowered by Zacks Research

by · The Markets Daily

Xponential Fitness (NYSE:XPOF – Get Free Report) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other brokerages have also commented on XPOF. Lake Street Capital lowered shares of Xponential Fitness from a “buy” rating to a “hold” rating and set a $6.00 price target on the stock. in a research note on Friday, May 8th. Wall Street Zen downgraded Xponential Fitness from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of Xponential Fitness in a report on Monday, April 20th. KeyCorp initiated coverage on Xponential Fitness in a report on Thursday, March 12th. They issued a “sector weight” rating for the company. Finally, Raymond James Financial restated a “market perform” rating on shares of Xponential Fitness in a research report on Thursday, March 19th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Xponential Fitness has an average rating of “Hold” and an average price target of $8.44.

Read Our Latest Stock Analysis on Xponential Fitness

Xponential Fitness Stock Performance

XPOF stock opened at $5.68 on Tuesday. The company’s 50 day moving average price is $6.20 and its 200 day moving average price is $6.94. Xponential Fitness has a fifty-two week low of $3.83 and a fifty-two week high of $11.14. The firm has a market capitalization of $279.43 million, a price-to-earnings ratio of -4.12 and a beta of 1.11.

Xponential Fitness (NYSE:XPOF – Get Free Report) last released its earnings results 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). The firm had revenue of $60.71 million for the quarter, compared to analysts’ expectations of $63.75 million. Xponential Fitness had a negative return on equity of 3.40% and a negative net margin of 11.28%.The firm’s quarterly revenue was down 21.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.20 earnings per share. Equities analysts forecast that Xponential Fitness will post 0.4 EPS for the current fiscal year.

Institutional Trading of Xponential Fitness

Hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd boosted its stake in Xponential Fitness by 1,621.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,632 shares of the company’s stock worth $30,000 after buying an additional 3,421 shares during the last quarter. Aquatic Capital Management LLC acquired a new position in shares of Xponential Fitness in the 3rd quarter valued at about $44,000. Larson Financial Group LLC acquired a new position in shares of Xponential Fitness in the 3rd quarter valued at about $54,000. Wexford Capital LP acquired a new position in shares of Xponential Fitness in the 3rd quarter valued at about $59,000. Finally, IMC Chicago LLC acquired a new position in shares of Xponential Fitness in the 1st quarter valued at about $76,000. 58.55% of the stock is owned by institutional investors and hedge funds.

Xponential Fitness Company Profile

(Get Free Report)

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.

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