Xponential Fitness (NYSE:XPOF) Upgraded to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded Xponential Fitness from “sell” to “hold.” Across analysts, the stock’s average rating is “Hold,” with an average price target of $6.50.
• The company’s latest quarter fell short of expectations: earnings were $0.04 per share versus $0.12 expected, while revenue of $62.26 million missed the $63 million estimate and declined 21% year over year.
• XPOF opened at $4.68, within a 52-week range of $3.57 to $9.25; institutional investors and hedge funds own 58.55% of its shares.

Xponential Fitness (NYSE:XPOF - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday, Wall Street Zen reports.

A number of other analysts have also weighed in on XPOF. UBS Group lowered their price objective on shares of Xponential Fitness from $7.00 to $4.50 and set a "neutral" rating for the company in a research note on Wednesday, September 16th. Weiss Ratings downgraded shares of Xponential Fitness from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Wednesday, November 4th. Robert W. Baird set a $5.50 price target on shares of Xponential Fitness in a report on Friday, August 7th. Roth Capital reduced their price target on shares of Xponential Fitness from $7.00 to $5.00 and set a "neutral" rating for the company in a report on Monday, August 10th. Finally, B. Riley Financial lowered their price target on shares of Xponential Fitness from $6.00 to $5.00 and set a "neutral" rating for the company in a research report on Monday, August 10th. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $6.50.

Xponential Fitness Stock Up 1.2%

XPOF opened at $4.68 on Friday. The stock's fifty day moving average is $4.36 and its two-hundred day moving average is $5.88. The company has a market capitalization of $231.01 million, a P/E ratio of -3.94 and a beta of 1.07. Xponential Fitness has a 52 week low of $3.57 and a 52 week high of $9.25.

Xponential Fitness (NYSE:XPOF - Get Free Report) last issued its earnings results on Thursday, November 5th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.08). Xponential Fitness had a negative return on equity of 3.40% and a negative net margin of 11.13%. The firm had revenue of $62.26 million during the quarter, compared to analysts' expectations of $63.00 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. Xponential Fitness's quarterly revenue was down 21.0% compared to the same quarter last year. Equities analysts anticipate that Xponential Fitness will post 0.14 earnings per share for the current year.

Institutional Investors Weigh In On Xponential Fitness

Several institutional investors and hedge funds have recently made changes to their positions in XPOF. Fund 1 Investments LLC purchased a new position in Xponential Fitness in the 2nd quarter worth $12,512,000. Kanen Wealth Management LLC lifted its position in Xponential Fitness by 426.2% during the 1st quarter. Kanen Wealth Management LLC now owns 845,922 shares of the company's stock worth $5,092,000 after acquiring an additional 685,149 shares during the period. Prescott Group Capital Management L.L.C. lifted its position in Xponential Fitness by 8.8% during the 3rd quarter. Prescott Group Capital Management L.L.C. now owns 369,501 shares of the company's stock worth $1,663,000 after acquiring an additional 30,000 shares during the period. Janus Henderson Group PLC purchased a new stake in Xponential Fitness during the 1st quarter valued at about $1,601,000. Finally, ABS Direct Equity Fund LLC grew its stake in Xponential Fitness by 7.6% during the 2nd quarter. ABS Direct Equity Fund LLC now owns 193,730 shares of the company's stock valued at $1,341,000 after purchasing an additional 13,730 shares during the last quarter. 58.55% of the stock is currently owned by institutional investors and hedge funds.

About Xponential Fitness

Xponential Fitness is a franchisor of boutique fitness studios. The company develops and supports fitness brands, with studios offering services such as Pilates, indoor cycling, assisted stretching, rowing, yoga, barre, dance-based workouts, boxing and strength training. Its portfolio includes Club Pilates, CycleBar, StretchLab, Row House, AKT, YogaSix, Pure Barre, Rumble and BFT. Xponential's business focuses on franchising and licensing these concepts, while providing franchisees with support such as brand development, training and marketing.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.