Xponential Fitness (NYSE:XPOF) Earns Market Perform Rating from Analysts at Northland Securities

Equities researchers at Northland Securities assumed coverage on shares of Xponential Fitness (NYSE:XPOF) in a report released on Thursday,Benzinga reports. The firm set a “market perform” rating and a $17.50 price target on the stock. Northland Securities’ price objective points to a potential upside of 6.64% from the stock’s previous close.

A number of other analysts have also weighed in on XPOF. Piper Sandler increased their price objective on Xponential Fitness from $12.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, January 6th. Stifel Nicolaus increased their price target on shares of Xponential Fitness from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $17.60.

Xponential Fitness Stock Up 3.0 %

Shares of NYSE:XPOF opened at $16.41 on Thursday. The stock has a market cap of $792.65 million, a PE ratio of -14.15 and a beta of 1.30. The company’s fifty day moving average is $14.80 and its 200 day moving average is $14.27. Xponential Fitness has a 52 week low of $7.40 and a 52 week high of $18.95.

Xponential Fitness (NYSE:XPOF) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.22). The company had revenue of $80.49 million during the quarter, compared to analysts’ expectations of $76.85 million. Xponential Fitness had a negative return on equity of 4.37% and a negative net margin of 9.15%. During the same quarter in the prior year, the firm posted $0.11 EPS. Sell-side analysts anticipate that Xponential Fitness will post 0.61 EPS for the current year.

Insider Transactions at Xponential Fitness

In related news, Director Mark Grabowski sold 2,595,598 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $15.35, for a total value of $39,842,429.30. Following the completion of the transaction, the director now directly owns 30,546 shares in the company, valued at $468,881.10. This trade represents a 98.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 47.83% of the company’s stock.

Institutional Investors Weigh In On Xponential Fitness

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP boosted its holdings in Xponential Fitness by 80.4% in the second quarter. Quarry LP now owns 3,692 shares of the company’s stock worth $58,000 after acquiring an additional 1,646 shares in the last quarter. Financial Management Professionals Inc. increased its position in shares of Xponential Fitness by 117.6% during the fourth quarter. Financial Management Professionals Inc. now owns 5,021 shares of the company’s stock valued at $68,000 after acquiring an additional 2,714 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in Xponential Fitness in the 2nd quarter valued at approximately $72,000. SG Americas Securities LLC purchased a new stake in Xponential Fitness during the 3rd quarter valued at $107,000. Finally, Centiva Capital LP purchased a new position in shares of Xponential Fitness in the third quarter worth $183,000. Hedge funds and other 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.