Xponential Fitness (NYSE:XPOF) Upgraded by Northland Capmk to Hold Rating

Northland Capmk upgraded shares of Xponential Fitness (NYSE:XPOF) to a hold rating in a research report sent to investors on Thursday morning,Zacks.com reports.

A number of other research analysts have also recently weighed in on the company. Piper Sandler raised their price target on Xponential Fitness from $12.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, January 6th. Northland Securities started coverage on shares of Xponential Fitness in a research report on Thursday. They set a “market perform” rating and a $17.50 price target for the company. Finally, Stifel Nicolaus lifted their price target on shares of Xponential Fitness from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, November 11th. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $17.60.

Xponential Fitness Stock Performance

Shares of XPOF opened at $15.80 on Thursday. The stock has a market capitalization of $763.09 million, a P/E ratio of -13.65 and a beta of 1.30. Xponential Fitness has a 1 year low of $7.40 and a 1 year high of $18.95. The company’s fifty day moving average is $14.81 and its two-hundred day moving average is $14.28.

Xponential Fitness (NYSE:XPOF) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.22). The business had revenue of $80.49 million during the quarter, compared to analysts’ expectations of $76.85 million. Xponential Fitness had a negative net margin of 9.15% and a negative return on equity of 4.37%. During the same period in the prior year, the firm posted $0.11 EPS. Sell-side analysts predict that Xponential Fitness will post 0.61 EPS for the current year.

Insider Transactions at Xponential Fitness

In other Xponential Fitness news, Director Mark Grabowski sold 2,595,598 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $15.35, for a total value of $39,842,429.30. Following the transaction, the director now owns 30,546 shares of the company’s stock, valued at approximately $468,881.10. This represents a 98.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 47.83% of the company’s stock.

Hedge Funds Weigh In On Xponential Fitness

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in Xponential Fitness by 63.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 25,397 shares of the company’s stock valued at $396,000 after acquiring an additional 9,827 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Xponential Fitness during the second quarter worth approximately $72,000. Squarepoint Ops LLC purchased a new position in Xponential Fitness during the second quarter valued at approximately $1,076,000. AQR Capital Management LLC increased its stake in Xponential Fitness by 684.4% in the 2nd quarter. AQR Capital Management LLC now owns 109,963 shares of the company’s stock valued at $1,715,000 after buying an additional 95,945 shares during the period. Finally, JCP Investment Management LLC purchased a new stake in Xponential Fitness in the 2nd quarter worth approximately $3,915,000. Institutional investors and hedge funds own 58.55% of the company’s stock.

About Xponential Fitness

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.