Xponential Fitness, Inc. (NYSE:XPOF) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Xponential Fitness, Inc. has received a consensus rating of "Moderate Buy" from eight brokerages, with a twelve-month average price target of $12.93.
• Despite a recent 26.6% decline in stock price, several analysts have upgraded their ratings and price targets for Xponential Fitness, with notable upgrades from Wall Street Zen and Guggenheim.
• Institutional investors hold 58.55% of Xponential Fitness stock, with significant recent activity including a 380.9% increase in holdings by JPMorgan Chase & Co.

Shares of Xponential Fitness, Inc. (NYSE:XPOF - Get Free Report) have been given an average rating of "Moderate Buy" by the eight analysts that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $12.9286.

XPOF has been the subject of a number of recent research reports. Raymond James Financial cut their price objective on shares of Xponential Fitness from $15.00 to $14.00 and set a "strong-buy" rating for the company in a report on Friday, August 8th. Wall Street Zen upgraded shares of Xponential Fitness from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, Guggenheim reissued a "buy" rating and issued a $13.00 price target on shares of Xponential Fitness in a research report on Monday, May 12th.

Insiders Place Their Bets

In other Xponential Fitness news, Director Bruce N. Haase acquired 70,000 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were bought at an average cost of $7.67 per share, for a total transaction of $536,900.00. Following the completion of the purchase, the director owned 95,937 shares in the company, valued at $735,836.79. This trade represents a 269.88% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 42.26% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Voss Capital LP increased its position in Xponential Fitness by 1.7% during the second quarter. Voss Capital LP now owns 3,000,000 shares of the company's stock worth $22,470,000 after purchasing an additional 50,000 shares during the last quarter. Cerity Partners LLC bought a new stake in Xponential Fitness in the 2nd quarter valued at about $82,000. Marshall Wace LLP lifted its position in Xponential Fitness by 25.3% in the 2nd quarter. Marshall Wace LLP now owns 1,107,505 shares of the company's stock valued at $8,295,000 after purchasing an additional 223,688 shares during the last quarter. PharVision Advisers LLC bought a new stake in Xponential Fitness in the 2nd quarter valued at about $138,000. Finally, XTX Topco Ltd bought a new stake in shares of Xponential Fitness during the 2nd quarter worth about $204,000. 58.55% of the stock is currently owned by institutional investors and hedge funds.

Xponential Fitness Price Performance

NYSE:XPOF traded down $0.24 during mid-day trading on Friday, hitting $8.28. The company's stock had a trading volume of 269,083 shares, compared to its average volume of 728,773. The business's fifty day moving average is $9.31 and its two-hundred day moving average is $10.29. Xponential Fitness has a 1 year low of $6.64 and a 1 year high of $18.87. The stock has a market cap of $402.75 million, a price-to-earnings ratio of -4.70 and a beta of 1.50.

Xponential Fitness (NYSE:XPOF - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.07. The company had revenue of $76.21 million for the quarter, compared to analyst estimates of $77.23 million. During the same quarter last year, the company earned ($0.29) EPS. The firm's revenue for the quarter was down .4% on a year-over-year basis. Analysts anticipate that Xponential Fitness will post 0.61 EPS for the current fiscal year.

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.