Brokerages Set Xponential Fitness, Inc. (NYSE:XPOF) Price Target at $11.69

Shares of Xponential Fitness, Inc. (NYSE:XPOF) have received an average rating of “Hold” from the ten analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $11.6875.

A number of research analysts have recently weighed in on the company. Stifel Nicolaus dropped their price target on Xponential Fitness from $10.00 to $8.00 and set a “hold” rating for the company in a research report on Friday, November 21st. Weiss Ratings restated a “sell (d-)” rating on shares of Xponential Fitness in a report on Wednesday, October 8th. UBS Group started coverage on shares of Xponential Fitness in a report on Friday, October 17th. They issued a “neutral” rating and a $8.00 price target on the stock. Wall Street Zen raised shares of Xponential Fitness from a “hold” rating to a “buy” rating in a research note on Tuesday, November 11th. Finally, Guggenheim reduced their target price on Xponential Fitness from $13.00 to $12.00 and set a “buy” rating on the stock in a research note on Monday, November 10th.

Xponential Fitness Stock Up 1.6%

Shares of NYSE:XPOF opened at $7.70 on Friday. Xponential Fitness has a 52 week low of $5.38 and a 52 week high of $18.87. The company has a 50-day moving average price of $6.80 and a 200 day moving average price of $8.14. The company has a market cap of $376.61 million, a P/E ratio of -4.67 and a beta of 1.43.

Xponential Fitness (NYSE:XPOF) last released its earnings results on Thursday, November 6th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.20. The company had revenue of $78.82 million during the quarter, compared to the consensus estimate of $75.25 million. Xponential Fitness had a negative return on equity of 6.85% and a negative net margin of 15.30%.Xponential Fitness’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.04) earnings per share. Analysts expect that Xponential Fitness will post 0.61 EPS for the current year.

Institutional Trading of Xponential Fitness

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XPOF. Nuveen LLC acquired a new stake in Xponential Fitness during the first quarter worth approximately $599,000. MSD Partners L.P. grew its position in shares of Xponential Fitness by 18.1% in the first quarter. MSD Partners L.P. now owns 1,655,090 shares of the company’s stock valued at $13,787,000 after purchasing an additional 253,631 shares during the period. Dynamic Technology Lab Private Ltd increased its stake in Xponential Fitness by 142.9% in the first quarter. Dynamic Technology Lab Private Ltd now owns 157,279 shares of the company’s stock valued at $1,310,000 after purchasing an additional 92,528 shares during the last quarter. Luxor Capital Group LP lifted its position in Xponential Fitness by 61.6% during the second quarter. Luxor Capital Group LP now owns 346,895 shares of the company’s stock worth $2,598,000 after buying an additional 132,270 shares during the period. Finally, K2 Principal Fund L.P. acquired a new stake in Xponential Fitness in the 1st quarter worth about $750,000. Hedge funds and other institutional investors 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.