Xponential Fitness (NYSE:XPOF) Stock Price Up 3.3% After Analyst Upgrade

Xponential Fitness, Inc. (NYSE:XPOF)’s stock price rose 3.3% during mid-day trading on Monday after B. Riley raised their price target on the stock from $9.00 to $12.00. B. Riley currently has a neutral rating on the stock. Xponential Fitness traded as high as $13.74 and last traded at $13.56. Approximately 1,221,261 shares changed hands during trading, an increase of 54% from the average daily volume of 792,698 shares. The stock had previously closed at $13.13.

Several other brokerages also recently weighed in on XPOF. Roth Mkm cut their target price on shares of Xponential Fitness from $22.00 to $19.00 and set a “buy” rating on the stock in a research note on Friday. Guggenheim increased their price target on shares of Xponential Fitness from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Piper Sandler reissued a “neutral” rating and issued a $13.00 target price (down from $14.00) on shares of Xponential Fitness in a report on Friday. Raymond James dropped their price objective on shares of Xponential Fitness from $30.00 to $20.00 and set a “strong-buy” rating on the stock in a research note on Friday. Finally, Robert W. Baird cut their price target on Xponential Fitness from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Xponential Fitness has a consensus rating of “Moderate Buy” and a consensus price target of $18.25.

Institutional Trading of Xponential Fitness

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Xponential Fitness by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,325,963 shares of the company’s stock worth $20,552,000 after acquiring an additional 5,245 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Xponential Fitness in the fourth quarter worth approximately $143,000. Voss Capital LLC bought a new position in shares of Xponential Fitness during the fourth quarter valued at about $29,776,000. Los Angeles Capital Management LLC grew its position in shares of Xponential Fitness by 204.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 221,151 shares of the company’s stock worth $2,851,000 after buying an additional 148,576 shares during the last quarter. Finally, ABS Direct Equity Fund LLC purchased a new stake in shares of Xponential Fitness in the 4th quarter worth about $1,611,000. Institutional investors own 58.55% of the company’s stock.

Xponential Fitness Stock Performance

The stock has a market cap of $659.07 million, a P/E ratio of -23.25 and a beta of 1.23. The firm has a 50-day moving average price of $14.64 and a 200-day moving average price of $13.17.

Xponential Fitness (NYSE:XPOF) last announced its earnings results on Thursday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.22). The business had revenue of $76.50 million for the quarter, compared to the consensus estimate of $83.63 million. Xponential Fitness had a negative net margin of 6.51% and a negative return on equity of 9.53%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.07 earnings per share. On average, research analysts predict that Xponential Fitness, Inc. will post 0.92 earnings per share for the current year.

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.