Xponential Fitness (NYSE:XPOF) Stock Crosses Above 50-Day Moving Average - Time to Sell?

Key Points

• Xponential Fitness shares rose above their 50-day moving average, reaching $5.11 before closing at $4.7650, while remaining below the 200-day average of $6.03.
• Analyst sentiment is largely cautious: the stock carries an average “Hold” rating from MarketBeat, with one Buy, ten Holds and one Sell; recent price-target cuts include UBS to $4.50 and Roth Capital to $5.00.
• The company’s latest quarter showed mixed results, with revenue of $65.97 million exceeding estimates but EPS of $0.02 missing expectations and revenue declining 13.4% year over year; Xponential also reported a negative net margin.

Xponential Fitness, Inc. (NYSE:XPOF - Get Free Report)'s stock price passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $4.48 and traded as high as $5.11. Xponential Fitness shares last traded at $4.7650, with a volume of 1,174,560 shares.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Xponential Fitness from a "hold" rating to a "sell" rating in a research report on Saturday, August 1st. Zacks Research upgraded Xponential Fitness from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 7th. UBS Group decreased their target price on Xponential Fitness from $7.00 to $4.50 and set a "neutral" rating on the stock in a report on Wednesday, September 16th. 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 report on Monday, August 10th. Finally, Robert W. Baird set a $5.50 target price on Xponential Fitness in a research report on Friday, August 7th. One analyst has rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $6.50.

Xponential Fitness Stock Performance

The company's fifty day moving average is $4.48 and its 200-day moving average is $6.03. The company has a market capitalization of $235.03 million, a PE ratio of -3.24 and a beta of 1.20.

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

Institutional Trading of Xponential Fitness

Institutional investors and hedge funds have recently modified their holdings of the company. Citizens Business Bank purchased a new stake in Xponential Fitness in the 1st quarter worth $12,040,000. Fund 1 Investments LLC purchased a new position in shares of Xponential Fitness in the second quarter valued at about $12,512,000. Kanen Wealth Management LLC lifted its position in shares of Xponential Fitness by 426.2% in the first quarter. Kanen Wealth Management LLC now owns 845,922 shares of the company's stock valued at $5,092,000 after acquiring an additional 685,149 shares in the last quarter. Janus Henderson Group PLC purchased a new position in shares of Xponential Fitness in the first quarter valued at about $1,601,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Xponential Fitness in the second quarter worth about $713,000. 58.55% of the stock is currently owned by institutional investors.

About Xponential Fitness

Xponential Fitness, Inc is a franchisor of boutique health and wellness businesses. Founded in 2017 and headquartered in Irvine, California, the company develops and supports specialized fitness concepts that operate through franchised studios and licensed locations.

Its portfolio has included Club Pilates, CycleBar, StretchLab, YogaSix, Pure Barre, AKT, Rumble, STRIDE Fitness and BFT, which offer services such as Pilates, indoor cycling, assisted stretching, yoga, barre, dance-based workouts, boxing-inspired training and group fitness.

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