Xponential Fitness (NYSE:XPOF) Shares Down 1.1% – Should You Sell?

Xponential Fitness, Inc. (NYSE:XPOF)’s share price was down 1.1% during mid-day trading on Wednesday . The stock traded as low as $7.70 and last traded at $7.7850. Approximately 586,596 shares were traded during trading, an increase of 93% from the average daily volume of 304,448 shares. The stock had previously closed at $7.87.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on XPOF shares. Guggenheim decreased their price objective on shares of Xponential Fitness from $13.00 to $12.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Stifel Nicolaus decreased their price target on Xponential Fitness from $10.00 to $8.00 and set a “hold” rating for the company in a report on Friday, November 21st. Weiss Ratings reissued a “sell (d-)” rating on shares of Xponential Fitness in a research note on Wednesday, January 21st. Wall Street Zen upgraded Xponential Fitness from a “hold” rating to a “buy” rating in a research report on Tuesday, November 11th. Finally, UBS Group initiated coverage on Xponential Fitness in a report on Friday, October 17th. They issued a “neutral” rating and a $8.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.86.

Xponential Fitness Price Performance

The stock has a market cap of $380.76 million, a price-to-earnings ratio of -4.72 and a beta of 1.41. The firm’s fifty day moving average price is $7.66 and its two-hundred day moving average price is $8.03.

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

Hedge Funds Weigh In On Xponential Fitness

A number of institutional investors have recently modified their holdings of the company. Nomura Holdings Inc. boosted its stake in Xponential Fitness by 3,716.6% during the 2nd quarter. Nomura Holdings Inc. now owns 1,297,829 shares of the company’s stock valued at $9,721,000 after purchasing an additional 1,263,824 shares during the last quarter. Solel Partners LP bought a new position in shares of Xponential Fitness in the second quarter valued at approximately $1,945,000. Voss Capital LP boosted its position in shares of Xponential Fitness by 7.8% during the third quarter. Voss Capital LP now owns 3,232,500 shares of the company’s stock valued at $25,181,000 after buying an additional 232,500 shares during the last quarter. Marshall Wace LLP boosted its position in shares of Xponential Fitness by 25.3% during the second quarter. Marshall Wace LLP now owns 1,107,505 shares of the company’s stock valued at $8,295,000 after buying an additional 223,688 shares during the last quarter. Finally, CIBC Bancorp USA Inc. bought a new stake in Xponential Fitness during the third quarter worth $1,581,000. 58.55% of the stock is owned by institutional investors and hedge funds.

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.