Xponential Fitness (NYSE:XPOF) Stock Price Up 5.8%

Xponential Fitness, Inc. (NYSE:XPOF)’s stock price traded up 5.8% on Thursday . The stock traded as high as $13.29 and last traded at $13.26. 79,017 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 744,105 shares. The stock had previously closed at $12.53.

Analyst Upgrades and Downgrades

Several brokerages have commented on XPOF. Piper Sandler reissued a “neutral” rating and set a $13.00 target price (down previously from $14.00) on shares of Xponential Fitness in a research note on Friday, August 2nd. Roth Mkm lowered their price objective on shares of Xponential Fitness from $22.00 to $19.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. B. Riley raised their target price on shares of Xponential Fitness from $9.00 to $12.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Raymond James decreased their target price 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, August 2nd. Finally, Robert W. Baird dropped 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, August 2nd. Four analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.25.

Xponential Fitness Trading Down 0.5 %

The business’s 50-day simple moving average is $15.21 and its two-hundred day simple moving average is $13.55. The firm has a market cap of $611.00 million, a price-to-earnings ratio of -22.30 and a beta of 1.19.

Xponential Fitness (NYSE:XPOF) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.22). Xponential Fitness had a negative return on equity of 9.35% and a negative net margin of 6.51%. The firm had revenue of $76.50 million for the quarter, compared to analyst estimates of $83.63 million. During the same quarter last year, the company earned $0.07 earnings per share. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, analysts forecast that Xponential Fitness, Inc. will post 0.79 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Xponential Fitness

Large investors have recently added to or reduced their stakes in the business. Quarry LP boosted its stake in Xponential Fitness by 80.4% during the second quarter. Quarry LP now owns 3,692 shares of the company’s stock worth $58,000 after acquiring an additional 1,646 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of Xponential Fitness during the second quarter valued at about $34,000. Principal Financial Group Inc. boosted its position in shares of Xponential Fitness by 13.1% during the 2nd quarter. Principal Financial Group Inc. now owns 19,021 shares of the company’s stock worth $297,000 after purchasing an additional 2,203 shares in the last quarter. Aigen Investment Management LP grew its stake in shares of Xponential Fitness by 11.3% in the 4th quarter. Aigen Investment Management LP now owns 26,360 shares of the company’s stock valued at $340,000 after buying an additional 2,684 shares during the period. Finally, Canada Pension Plan Investment Board bought a new stake in Xponential Fitness in the 2nd quarter valued at about $72,000. Institutional investors and hedge funds own 58.55% of the company’s stock.

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.