Xponential Fitness (NYSE:XPOF) Downgraded to “Hold” Rating by Stifel Nicolaus

Stifel Nicolaus lowered shares of Xponential Fitness (NYSE:XPOF) from a buy rating to a hold rating in a research note released on Friday morning, MarketBeat reports. The brokerage currently has $12.00 target price on the stock, down from their previous target price of $20.00.

XPOF has been the subject of several other reports. Northland Securities assumed coverage on shares of Xponential Fitness in a report on Thursday, January 23rd. They issued a “market perform” rating and a $17.50 target price for the company. Northland Capmk raised shares of Xponential Fitness to a “hold” rating in a report on Thursday, January 23rd. Finally, Piper Sandler increased their target price on shares of Xponential Fitness from $12.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, January 6th. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $15.28.

Xponential Fitness Stock Down 38.5 %

NYSE XPOF opened at $7.45 on Friday. The company has a 50-day moving average price of $15.24 and a 200-day moving average price of $14.15. The firm has a market capitalization of $360.05 million, a P/E ratio of -6.43 and a beta of 1.38. Xponential Fitness has a 52 week low of $7.22 and a 52 week high of $18.95.

Xponential Fitness (NYSE:XPOF) last released its earnings results on Thursday, March 13th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.63). The firm had revenue of $83.22 million during the quarter, compared to analysts’ expectations of $81.12 million. Xponential Fitness had a negative return on equity of 4.37% and a negative net margin of 9.15%. The company’s revenue was down 6.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.08 earnings per share. As a group, equities research analysts anticipate that Xponential Fitness will post 0.61 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Xponential Fitness during the 4th quarter valued at approximately $29,000. Point72 Asset Management L.P. purchased a new stake in Xponential Fitness in the fourth quarter worth $46,000. AlphaQuest LLC increased its stake in Xponential Fitness by 335.9% in the fourth quarter. AlphaQuest LLC now owns 4,843 shares of the company’s stock worth $65,000 after purchasing an additional 3,732 shares during the period. Financial Management Professionals Inc. increased its stake in Xponential Fitness by 117.6% in the fourth quarter. Financial Management Professionals Inc. now owns 5,021 shares of the company’s stock worth $68,000 after purchasing an additional 2,714 shares during the period. Finally, Asset Planning Inc purchased a new stake in Xponential Fitness in the fourth quarter worth $71,000. 58.55% of the stock is currently owned by institutional investors.

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.