Xponential Fitness, Inc. (NYSE:XPOF) Stock Now Rated "Hold" by Wall Street Analysts

Key Points

• Analysts rate Xponential Fitness “Hold” on average: Ten of 12 analysts recommend holding the stock, while the average 12-month price target is $6.50 versus a recent price of $4.92.
• Recent earnings were mixed: The company reported $0.02 in quarterly EPS, missing estimates of $0.13, while revenue of $65.97 million exceeded expectations but fell 13.4% year over year.
• Institutional ownership remains substantial: Institutional investors and hedge funds own 58.55% of Xponential Fitness, with several firms recently initiating or increasing positions.

Shares of Xponential Fitness, Inc. (NYSE:XPOF - Get Free Report) have been given an average rating of "Hold" by the twelve research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $6.50.

Several brokerages recently issued reports on XPOF. B. Riley Financial reduced their target price on Xponential Fitness from $6.00 to $5.00 and set a "neutral" rating on the stock in a research report on Monday, August 10th. Guggenheim lowered Xponential Fitness from a "buy" rating to a "neutral" rating in a research note on Friday, August 7th. Wall Street Zen downgraded shares of Xponential Fitness from a "hold" rating to a "sell" rating in a report on Saturday, August 1st. Zacks Research raised shares of Xponential Fitness from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 7th. Finally, Weiss Ratings cut shares of Xponential Fitness from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Friday, October 2nd.

Institutional Investors Weigh In On Xponential Fitness

Several institutional investors and hedge funds have recently made changes to their positions in the stock. ABS Direct Equity Fund LLC increased its position in shares of Xponential Fitness by 7.6% in the 2nd quarter. ABS Direct Equity Fund LLC now owns 193,730 shares of the company's stock valued at $1,341,000 after acquiring an additional 13,730 shares during the period. Ameritas Advisory Services LLC acquired a new stake in Xponential Fitness during the 2nd quarter worth about $35,000. Fund 1 Investments LLC acquired a new stake in Xponential Fitness during the 2nd quarter worth about $12,512,000. Bank of New York Mellon Corp purchased a new stake in Xponential Fitness during the 2nd quarter valued at about $713,000. Finally, Janus Henderson Group PLC purchased a new stake in Xponential Fitness during the 1st quarter valued at about $1,601,000. 58.55% of the stock is currently owned by institutional investors and hedge funds.

Xponential Fitness Stock Up 1.3%

NYSE:XPOF opened at $4.92 on Friday. The stock has a market capitalization of $242.41 million, a price-to-earnings ratio of -3.34 and a beta of 1.20. Xponential Fitness has a 52 week low of $3.57 and a 52 week high of $9.25. The firm has a 50 day moving average of $4.83 and a 200 day moving average of $5.82.

Xponential Fitness (NYSE:XPOF - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.11). Xponential Fitness had a negative return on equity of 3.40% and a negative net margin of 13.64%.The firm had revenue of $65.97 million during the quarter, compared to analysts' expectations of $64.42 million. During the same period in the prior year, the firm posted $0.26 earnings per share. Xponential Fitness's revenue for the quarter was down 13.4% compared to the same quarter last year. As a group, analysts expect that Xponential Fitness will post 0.14 EPS for the current year.

Xponential Fitness Company Profile

Xponential Fitness, Inc is a franchisor of boutique fitness and wellness brands. The company provides franchisees with brand concepts, operating systems, training, marketing support, technology and other resources intended to help them develop and operate fitness studios.

Its portfolio has included brands such as Club Pilates, CycleBar, StretchLab, YogaSix, Pure Barre, AKT, Rumble and BFT, along with wellness-focused concepts including Lindora. These businesses offer services such as Pilates, indoor cycling, assisted stretching, yoga, barre, dance-based workouts, boxing-inspired fitness, strength training and wellness programs.

Founded in 2017, Xponential Fitness is based in Irvine, California.

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