Xponential Fitness (NYSE:XPOF) Stock Rating Upgraded by Wall Street Zen

Xponential Fitness (NYSE:XPOF - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Thursday.

XPOF has been the subject of several other research reports. Northland Capmk upgraded Xponential Fitness to a "hold" rating in a research note on Thursday, January 23rd. Raymond James cut their price objective on Xponential Fitness from $16.00 to $15.00 and set a "strong-buy" rating for the company in a report on Friday, May 9th. Guggenheim reaffirmed a "buy" rating and issued a $13.00 price objective on shares of Xponential Fitness in a report on Monday, May 12th. Stifel Nicolaus lowered Xponential Fitness from a "buy" rating to a "hold" rating and cut their price objective for the stock from $20.00 to $12.00 in a report on Friday, March 14th. Finally, Northland Securities assumed coverage on Xponential Fitness in a report on Thursday, January 23rd. They issued a "market perform" rating and a $17.50 price objective for the company. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Xponential Fitness currently has an average rating of "Moderate Buy" and an average price target of $13.94.

Xponential Fitness Stock Performance

Shares of XPOF stock traded up $0.55 during mid-day trading on Thursday, hitting $8.95. The company's stock had a trading volume of 147,026 shares, compared to its average volume of 614,733. Xponential Fitness has a 52-week low of $6.64 and a 52-week high of $18.95. The business has a 50-day moving average price of $8.11 and a 200 day moving average price of $12.46. The stock has a market cap of $435.31 million, a price-to-earnings ratio of -7.71 and a beta of 1.57.

Xponential Fitness (NYSE:XPOF - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.35). Xponential Fitness had a negative return on equity of 4.37% and a negative net margin of 9.15%. The business had revenue of $76.88 million during the quarter, compared to analysts' expectations of $75.37 million. During the same quarter in the prior year, the firm earned $0.16 EPS. The firm's revenue for the quarter was down 3.4% compared to the same quarter last year. Equities research analysts predict that Xponential Fitness will post 0.61 EPS for the current fiscal year.

Institutional Trading of Xponential Fitness

Several hedge funds have recently bought and sold shares of the stock. Nut Tree Capital Management LP grew its holdings in Xponential Fitness by 5.0% during the fourth quarter. Nut Tree Capital Management LP now owns 3,151,722 shares of the company's stock valued at $42,391,000 after purchasing an additional 150,000 shares during the period. Voss Capital LP grew its holdings in Xponential Fitness by 0.3% during the first quarter. Voss Capital LP now owns 2,950,000 shares of the company's stock valued at $24,574,000 after purchasing an additional 10,000 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Xponential Fitness by 5.7% in the fourth quarter. Ameriprise Financial Inc. now owns 1,711,592 shares of the company's stock worth $23,021,000 after acquiring an additional 92,477 shares during the period. MSD Partners L.P. boosted its stake in shares of Xponential Fitness by 18.1% in the first quarter. MSD Partners L.P. now owns 1,655,090 shares of the company's stock worth $13,787,000 after acquiring an additional 253,631 shares during the period. Finally, Marshall Wace LLP boosted its stake in shares of Xponential Fitness by 564.8% in the fourth quarter. Marshall Wace LLP now owns 640,769 shares of the company's stock worth $8,618,000 after acquiring an additional 544,382 shares during the period. Institutional investors own 58.55% of the company's stock.

About Xponential Fitness

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.