Xponential Fitness (NYSE:XPOF) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Xponential Fitness (NYSE:XPOF) from a strong sell rating to a hold rating in a research note released on Tuesday morning,Zacks.com reports.

XPOF has been the subject of a number of other research reports. Lake Street Capital downgraded shares of Xponential Fitness from a “buy” rating to a “hold” rating and set a $6.00 price objective for the company. in a research report on Friday, May 8th. Roth Capital set a $7.00 price objective on shares of Xponential Fitness in a research report on Friday, May 8th. Weiss Ratings cut shares of Xponential Fitness from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, June 5th. Wall Street Zen upgraded Xponential Fitness from a “sell” rating to a “hold” rating in a report on Sunday. Finally, KeyCorp initiated coverage on Xponential Fitness in a report on Thursday, March 12th. They set a “sector weight” rating for the company. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $8.44.

Xponential Fitness Stock Performance

Shares of NYSE:XPOF opened at $6.69 on Tuesday. Xponential Fitness has a 52-week low of $3.83 and a 52-week high of $11.14. The stock’s 50-day moving average is $6.12 and its 200-day moving average is $6.90. The company has a market cap of $328.95 million, a P/E ratio of -4.85 and a beta of 1.07.

Xponential Fitness (NYSE:XPOF) last issued its earnings results on Thursday, May 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.15). Xponential Fitness had a negative net margin of 11.28% and a negative return on equity of 3.40%. The firm had revenue of $60.71 million during the quarter, compared to the consensus estimate of $63.75 million. During the same period in the previous year, the company posted $0.20 EPS. The firm’s revenue for the quarter was down 21.0% on a year-over-year basis. As a group, equities analysts predict that Xponential Fitness will post 0.4 EPS for the current year.

Institutional Investors Weigh In On Xponential Fitness

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Janus Henderson Group PLC acquired a new position in shares of Xponential Fitness in the first quarter worth approximately $1,601,000. Kanen Wealth Management LLC raised its holdings in Xponential Fitness by 426.2% during the 1st quarter. Kanen Wealth Management LLC now owns 845,922 shares of the company’s stock worth $5,092,000 after purchasing an additional 685,149 shares during the last quarter. Quantinno Capital Management LP lifted its position in shares of Xponential Fitness by 33.9% in the 1st quarter. Quantinno Capital Management LP now owns 29,268 shares of the company’s stock worth $176,000 after purchasing an additional 7,410 shares during the period. Sei Investments Co. acquired a new stake in shares of Xponential Fitness during the first quarter worth $137,000. Finally, IMC Chicago LLC bought a new position in Xponential Fitness during the first quarter worth $76,000. Institutional investors and hedge funds own 58.55% of the company’s stock.

About Xponential Fitness

Xponential Fitness is a leading franchisor and operator of boutique fitness studios headquartered in Irvine, California. The company specializes in developing, marketing, and supporting a portfolio of fitness brands that deliver low-impact cardio, strength training, and mindful movement workouts. Through its asset-light franchise model, Xponential provides entrepreneurs with proprietary studio designs, branded equipment, digital support, and comprehensive training programs to ensure consistent member experiences.

Its portfolio comprises core brands such as Club Pilates, Pure Barre, CycleBar, StretchLab, YogaSix, Row House, Rumble, AKT, and STRIDE.