Xponential Fitness (NYSE:XPOF) Earns Buy Rating from Guggenheim

Xponential Fitness (NYSE:XPOF)‘s stock had its “buy” rating reaffirmed by investment analysts at Guggenheim in a note issued to investors on Monday,Benzinga reports. They currently have a $13.00 price objective on the stock. Guggenheim’s target price suggests a potential upside of 37.13% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. Stifel Nicolaus cut Xponential Fitness from a “buy” rating to a “hold” rating and reduced their price objective for the company from $20.00 to $12.00 in a research report on Friday, March 14th. B. Riley reduced their price objective on Xponential Fitness from $12.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. Northland Securities assumed coverage on Xponential Fitness in a research report on Thursday, January 23rd. They set a “market perform” rating and a $17.50 price objective for the company. Raymond James reduced their price target on Xponential Fitness from $16.00 to $15.00 and set a “strong-buy” rating for the company in a research report on Friday, May 9th. Finally, Piper Sandler reduced their price target on Xponential Fitness from $16.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. Six investment 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, Xponential Fitness currently has a consensus rating of “Moderate Buy” and an average target price of $13.94.

Xponential Fitness Trading Up 6.5%

Shares of XPOF stock opened at $9.48 on Monday. Xponential Fitness has a 1-year low of $6.64 and a 1-year high of $18.95. The company has a market capitalization of $459.63 million, a price-to-earnings ratio of -8.17 and a beta of 1.57. The stock’s fifty day simple moving average is $8.42 and its 200-day simple moving average is $12.72.

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

Institutional Trading of Xponential Fitness

Several hedge funds have recently added to or reduced their stakes in XPOF. Barclays PLC boosted its stake in Xponential Fitness by 366.5% during the 3rd quarter. Barclays PLC now owns 39,621 shares of the company’s stock valued at $491,000 after purchasing an additional 31,127 shares during the period. Financial Management Professionals Inc. boosted its stake in Xponential Fitness by 117.6% during the 4th quarter. Financial Management Professionals Inc. now owns 5,021 shares of the company’s stock valued at $68,000 after purchasing an additional 2,714 shares during the period. SG Americas Securities LLC boosted its stake in Xponential Fitness by 56.4% during the 4th quarter. SG Americas Securities LLC now owns 13,489 shares of the company’s stock valued at $181,000 after purchasing an additional 4,862 shares during the period. Asset Planning Inc bought a new stake in Xponential Fitness during the 4th quarter valued at approximately $71,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in Xponential Fitness during the 4th quarter valued at approximately $182,000. Institutional investors own 58.55% of the company’s stock.

Xponential Fitness Company Profile

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.