Xponential Fitness (NYSE:XPOF) Cut to “Hold” at Stifel Nicolaus

Stifel Nicolaus cut shares of Xponential Fitness (NYSE:XPOF) from a buy rating to a hold rating in a research note released on Friday, Marketbeat reports. The firm currently has $12.00 price objective on the stock, down from their previous price objective of $20.00.

Several other brokerages have also recently weighed in on XPOF. Northland Capmk raised Xponential Fitness to a “hold” rating in a report on Thursday, January 23rd. Piper Sandler boosted their price objective on Xponential Fitness from $12.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, January 6th. Finally, Northland Securities assumed coverage on Xponential Fitness in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $17.50 price target for the company. Six equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $15.28.

Xponential Fitness Trading Down 38.5 %

Shares of NYSE:XPOF opened at $7.45 on Friday. The stock has a market capitalization of $360.05 million, a P/E ratio of -6.43 and a beta of 1.38. Xponential Fitness has a 1-year low of $7.22 and a 1-year high of $18.95. The business has a 50-day moving average price of $15.24 and a two-hundred day moving average price of $14.16.

Xponential Fitness (NYSE:XPOF) last announced its quarterly earnings data on Thursday, March 13th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.63). The firm had revenue of $83.22 million for the quarter, compared to the consensus estimate of $81.12 million. Xponential Fitness had a negative return on equity of 4.37% and a negative net margin of 9.15%. The business’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.08 earnings per share. As a group, equities analysts predict that Xponential Fitness will post 0.61 EPS for the current year.

Hedge Funds Weigh In On Xponential Fitness

Several institutional investors and hedge funds have recently modified their holdings of XPOF. Wasatch Advisors LP grew its position in shares of Xponential Fitness by 96.2% in the 3rd quarter. Wasatch Advisors LP now owns 1,152,972 shares of the company’s stock valued at $14,297,000 after purchasing an additional 565,451 shares during the period. Marshall Wace LLP boosted its position in Xponential Fitness by 564.8% during the 4th 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 last quarter. Verition Fund Management LLC boosted its position in Xponential Fitness by 276.5% during the 3rd quarter. Verition Fund Management LLC now owns 692,729 shares of the company’s stock worth $8,590,000 after acquiring an additional 508,715 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new position in Xponential Fitness during the 3rd quarter worth approximately $3,171,000. Finally, Clark Estates Inc. NY acquired a new position in Xponential Fitness during the 4th quarter worth approximately $2,690,000. 58.55% of the stock is currently owned by institutional investors and hedge funds.

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.