Xponential Fitness (NYSE:XPOF) Shares Gap Down on Analyst Downgrade

Shares of Xponential Fitness, Inc. (NYSE:XPOF) gapped down prior to trading on Friday after Robert W. Baird lowered their price target on the stock from $16.00 to $15.00. The stock had previously closed at $17.03, but opened at $10.00. Robert W. Baird currently has a neutral rating on the stock. Xponential Fitness shares last traded at $14.00, with a volume of 237,606 shares trading hands.

Several other analysts have also commented on the company. Stifel Nicolaus reissued a “buy” rating and issued a $20.00 price objective on shares of Xponential Fitness in a report on Friday, April 12th. Roth Capital raised Xponential Fitness to a “strong-buy” rating in a report on Monday, June 17th. Roth Mkm started coverage on Xponential Fitness in a report on Monday, June 17th. They issued a “buy” rating and a $22.00 price objective on the stock. B. Riley raised their price objective on Xponential Fitness from $28.00 to $31.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Finally, Guggenheim raised their price objective on Xponential Fitness from $18.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.55.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. nVerses Capital LLC purchased a new position in shares of Xponential Fitness in the second quarter valued at approximately $34,000. Dnca Finance purchased a new position in shares of Xponential Fitness in the second quarter valued at approximately $107,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Xponential Fitness in the fourth quarter valued at approximately $143,000. Quest Partners LLC purchased a new position in shares of Xponential Fitness in the fourth quarter valued at approximately $174,000. Finally, Principal Financial Group Inc. acquired a new stake in Xponential Fitness in the first quarter valued at approximately $278,000. Hedge funds and other institutional investors own 58.55% of the company’s stock.

Xponential Fitness Stock Down 20.4 %

The company’s fifty day moving average is $14.56 and its two-hundred day moving average is $13.15. The stock has a market cap of $651.83 million, a price-to-earnings ratio of -23.74 and a beta of 1.23.

Xponential Fitness (NYSE:XPOF) last announced its earnings results on Thursday, May 2nd. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). Xponential Fitness had a net margin of 1.90% and a negative return on equity of 7.65%. The business had revenue of $79.52 million during the quarter, compared to analyst estimates of $78.77 million. During the same period in the previous year, the firm earned ($0.02) earnings per share. The business’s revenue was up 12.5% compared to the same quarter last year. Sell-side analysts predict that Xponential Fitness, Inc. will post 0.95 EPS for the current fiscal year.

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.