Northland Securities Upgrades Xponential Fitness (NYSE:XPOF) to Outperform

Xponential Fitness (NYSE:XPOF) was upgraded by investment analysts at Northland Securities from a “market perform” rating to an “outperform” rating in a research note issued on Wednesday, MarketBeat.com reports. The firm currently has a $8.00 price objective on the stock. Northland Securities’ price target points to a potential upside of 66.08% from the stock’s previous close.

Several other brokerages also recently weighed in on XPOF. Raymond James Financial reiterated a “market perform” rating on shares of Xponential Fitness in a research report on Thursday, March 19th. Wall Street Zen lowered shares of Xponential Fitness from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Roth Mkm set a $7.00 price target on Xponential Fitness in a report on Friday, May 8th. Robert W. Baird decreased their price objective on Xponential Fitness from $8.00 to $6.50 and set a “neutral” rating for the company in a report on Friday, February 27th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Xponential Fitness in a research report on Monday, April 20th. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $8.44.

Xponential Fitness Trading Up 5.4%

Shares of NYSE XPOF opened at $4.82 on Wednesday. The company has a market cap of $236.85 million, a price-to-earnings ratio of -3.49 and a beta of 1.19. Xponential Fitness has a 12-month low of $3.83 and a 12-month high of $11.14. The stock’s 50 day simple moving average is $6.22 and its 200 day simple moving average is $7.00.

Xponential Fitness (NYSE:XPOF) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.15). The company had revenue of $60.71 million for the quarter, compared to the consensus estimate of $63.75 million. Xponential Fitness had a negative return on equity of 3.40% and a negative net margin of 11.28%.Xponential Fitness’s quarterly revenue was down 21.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.20 earnings per share. As a group, equities analysts forecast that Xponential Fitness will post 0.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Xponential Fitness

Several hedge funds have recently modified their holdings of XPOF. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Xponential Fitness by 1,621.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,632 shares of the company’s stock valued at $30,000 after buying an additional 3,421 shares during the period. Aquatic Capital Management LLC acquired a new position in shares of Xponential Fitness in the 3rd quarter worth approximately $44,000. Larson Financial Group LLC bought a new stake in shares of Xponential Fitness in the 3rd quarter worth approximately $54,000. Wexford Capital LP bought a new stake in shares of Xponential Fitness in the 3rd quarter worth approximately $59,000. Finally, IMC Chicago LLC acquired a new position in Xponential Fitness in the first quarter worth approximately $76,000. 58.55% of the stock is currently owned by institutional investors and hedge funds.

Xponential Fitness Company Profile

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.