Xponential Fitness (NYSE:XPOF) Shares Down 1.6% - Here's What Happened

Key Points

• Xponential Fitness shares fell 1.6% to about $4.62 in mid-day trading, with volume roughly 11% above the daily average.
• Analyst sentiment is predominantly neutral: the consensus rating is “Hold”, with a $6.50 price target. Recent firms lowered targets to $5.00 and downgraded the stock to neutral.
• The company missed quarterly earnings expectations, reporting $0.02 per share versus the $0.13 consensus estimate, while revenue declined 13.4% year over year despite exceeding forecasts.

Xponential Fitness, Inc. (NYSE:XPOF - Get Free Report) fell 1.6% during mid-day trading on Monday. The company traded as low as $4.51 and last traded at $4.6240. Approximately 947,859 shares changed hands during trading, an increase of 11% from the average daily volume of 852,502 shares. The stock had previously closed at $4.70.

Wall Street Analyst Weigh In

XPOF has been the topic of a number of recent research reports. Roth Capital lowered their target price on Xponential Fitness from $7.00 to $5.00 and set a "neutral" rating on the stock in a research note on Monday, August 10th. Zacks Research upgraded Xponential Fitness from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 7th. B. Riley Financial decreased their price target on Xponential Fitness from $6.00 to $5.00 and set a "neutral" rating for the company in a report on Monday, August 10th. Guggenheim lowered Xponential Fitness from a "buy" rating to a "neutral" rating in a research report on Friday, August 7th. Finally, Robert W. Baird set a $5.50 price objective on shares of Xponential Fitness in a research note on Friday, August 7th. One investment analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $6.50.

Xponential Fitness Stock Down 1.6%

The business's 50-day simple moving average is $4.94 and its two-hundred day simple moving average is $5.84. The firm has a market cap of $228.06 million, a price-to-earnings ratio of -3.15 and a beta of 1.20.

Xponential Fitness (NYSE:XPOF - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.11). The business had revenue of $65.97 million for the quarter, compared to analyst estimates of $64.42 million. Xponential Fitness had a negative net margin of 13.64% and a negative return on equity of 3.40%. Xponential Fitness's revenue was down 13.4% on a year-over-year basis. During the same quarter last year, the business earned $0.26 earnings per share. On average, analysts expect that Xponential Fitness, Inc. will post 0.14 earnings per share for the current year.

Hedge Funds Weigh In On Xponential Fitness

A number of institutional investors and hedge funds have recently bought and sold shares of XPOF. Ameritas Advisory Services LLC purchased a new position in Xponential Fitness in the second quarter worth approximately $35,000. IMC Chicago LLC purchased a new stake in Xponential Fitness in the first quarter valued at $76,000. Sei Investments Co. acquired a new position in shares of Xponential Fitness in the 1st quarter valued at $137,000. Quantinno Capital Management LP lifted its stake in shares of Xponential Fitness by 33.9% in the 1st quarter. Quantinno Capital Management LP now owns 29,268 shares of the company's stock valued at $176,000 after purchasing an additional 7,410 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Xponential Fitness during the 2nd quarter worth $713,000. 58.55% of the stock is currently owned by institutional investors and hedge funds.

About Xponential Fitness

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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