Xponential Fitness (NYSE:XPOF) Trading Down 5.8%

Xponential Fitness, Inc. (NYSE:XPOF) shares traded down 5.8% during mid-day trading on Tuesday . The stock traded as low as $15.98 and last traded at $15.98. 278,799 shares were traded during mid-day trading, a decline of 64% from the average session volume of 784,333 shares. The stock had previously closed at $16.96.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on XPOF shares. Guggenheim boosted their price objective on Xponential Fitness from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. Bank of America boosted their price objective on Xponential Fitness from $13.00 to $15.50 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Stifel Nicolaus restated a “buy” rating and set a $20.00 price objective on shares of Xponential Fitness in a report on Friday, April 12th. Roth Capital upgraded Xponential Fitness to a “strong-buy” rating in a report on Monday, June 17th. Finally, B. Riley boosted their price objective on Xponential Fitness from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Three analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Xponential Fitness currently has an average rating of “Moderate Buy” and an average target price of $21.55.

Xponential Fitness Trading Up 2.1 %

The business’s fifty day simple moving average is $12.23 and its 200-day simple moving average is $12.57. The firm has a market cap of $784.98 million, a P/E ratio of -28.65 and a beta of 1.23.

Xponential Fitness (NYSE:XPOF) last issued its earnings results on Thursday, May 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). Xponential Fitness had a net margin of 1.90% and a negative return on equity of 7.65%. The business had revenue of $79.52 million for the quarter, compared to the consensus estimate of $78.77 million. During the same period in the previous year, the firm earned ($0.02) EPS. The company’s revenue was up 12.5% compared to the same quarter last year. As a group, research analysts expect that Xponential Fitness, Inc. will post 0.95 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in Xponential Fitness in the fourth quarter worth $143,000. Quest Partners LLC purchased a new stake in Xponential Fitness during the fourth quarter valued at about $174,000. Versor Investments LP purchased a new stake in Xponential Fitness during the fourth quarter valued at about $240,000. Harbor Capital Advisors Inc. boosted its position in Xponential Fitness by 63.8% during the fourth quarter. Harbor Capital Advisors Inc. now owns 19,521 shares of the company’s stock valued at $252,000 after buying an additional 7,605 shares during the period. Finally, Principal Financial Group Inc. purchased a new stake in Xponential Fitness during the first quarter valued at about $278,000. 58.55% of the stock is currently 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.