Xponential Fitness (NYSE:XPOF) Trading Down 6.6%

Xponential Fitness Inc (NYSE:XPOF)’s stock price dropped 6.6% on Friday . The company traded as low as $14.54 and last traded at $14.54. Approximately 3,965 shares were traded during trading, a decline of 98% from the average daily volume of 186,341 shares. The stock had previously closed at $15.56.

A number of equities analysts have issued reports on the company. Morgan Stanley increased their price target on Xponential Fitness from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, November 12th. Raymond James increased their price target on Xponential Fitness from $14.00 to $28.00 and gave the stock a “strong-buy” rating in a report on Friday, November 12th. Zacks Investment Research upgraded Xponential Fitness from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Friday. Roth Capital began coverage on Xponential Fitness in a report on Tuesday, November 16th. They issued a “buy” rating and a $29.00 target price on the stock. Finally, Jefferies Financial Group began coverage on Xponential Fitness in a report on Tuesday, September 28th. They issued a “buy” rating and a $18.00 target price on the stock. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $22.94.

The company has a debt-to-equity ratio of 80.16, a current ratio of 0.95 and a quick ratio of 0.86. The business has a fifty day simple moving average of $20.26.

Xponential Fitness (NYSE:XPOF) last announced its quarterly earnings results on Thursday, November 11th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.12). The firm had revenue of $40.87 million during the quarter, compared to analysts’ expectations of $34.25 million. Equities analysts anticipate that Xponential Fitness Inc will post -1.1 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Two Sigma Investments LP purchased a new position in Xponential Fitness during the 3rd quarter worth $741,000. Two Sigma Advisers LP purchased a new position in shares of Xponential Fitness in the 3rd quarter valued at $650,000. Geode Capital Management LLC purchased a new position in shares of Xponential Fitness in the 3rd quarter valued at $1,037,000. Balyasny Asset Management LLC purchased a new position in shares of Xponential Fitness in the 3rd quarter valued at $283,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Xponential Fitness in the 3rd quarter valued at $1,269,000.

Xponential Fitness Company Profile (NYSE:XPOF)

Xponential Fitness Inc is a curator of boutique fitness brands across multiple verticals. The company built and curated a diversified platform of boutique fitness brands spanning across verticals including Pilates, indoor cycling, barre, stretching, rowing, dancing, boxing, running and yoga. Its portfolio of brands includes Club Pilates, CycleBar, StretchLab, Row House, AKT, YogaSix and STRIDE.

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