Xponential Fitness (NYSE:XPOF) Stock Falls 1.6% – Should You Sell?

Xponential Fitness, Inc. (NYSE:XPOF) shares were down 1.6% on Monday. The company traded as low as $4.51 and last traded at $4.6240. 947,859 shares traded hands during mid-day trading, an increase of 11% from the average daily volume of 852,502 shares. The stock had previously closed at $4.70.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Zacks Research upgraded shares of Xponential Fitness from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Wall Street Zen downgraded shares of Xponential Fitness from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Roth Capital dropped their price target on Xponential Fitness from $7.00 to $5.00 and set a “neutral” rating for the company in a report on Monday, August 10th. Guggenheim downgraded shares of Xponential Fitness from a “buy” rating to a “neutral” rating in a report on Friday, August 7th. Finally, B. Riley Financial decreased their target price on shares of Xponential Fitness from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Monday, August 10th. One investment analyst has rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $6.50.

Xponential Fitness Stock Performance

The company has a market cap of $245.37 million, a price-to-earnings ratio of -3.38 and a beta of 1.20. The business has a fifty day moving average price of $4.90 and a 200 day moving average price of $5.83.

Xponential Fitness (NYSE:XPOF) last issued its earnings results on Thursday, August 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.11). The business had revenue of $65.97 million for the quarter, compared to analyst estimates of $64.42 million. Xponential Fitness had a negative return on equity of 3.40% and a negative net margin of 13.64%.The firm’s revenue was down 13.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.26 EPS. As a group, equities analysts anticipate that Xponential Fitness, Inc. will post 0.14 EPS for the current year.

Hedge Funds Weigh In On Xponential Fitness

A number of hedge funds have recently modified their holdings of XPOF. Citizens Business Bank acquired a new stake in shares of Xponential Fitness in the first quarter valued at about $12,040,000. Fund 1 Investments LLC acquired a new stake in Xponential Fitness during the 2nd quarter valued at approximately $12,512,000. Janus Henderson Group PLC bought a new position in Xponential Fitness during the 1st quarter worth approximately $1,601,000. Kanen Wealth Management LLC lifted its position in shares of Xponential Fitness by 426.2% in the 1st quarter. Kanen Wealth Management LLC now owns 845,922 shares of the company’s stock worth $5,092,000 after purchasing an additional 685,149 shares during the period. Finally, CenterBook Partners LP acquired a new position in shares of Xponential Fitness in the 4th quarter worth approximately $4,253,000. Institutional investors and hedge funds own 58.55% of the company’s stock.

Xponential Fitness Company Profile

Xponential Fitness, Inc is a franchisor of boutique fitness and wellness brands. The company provides franchisees with brand concepts, operating systems, training, marketing support, technology and other resources intended to help them develop and operate fitness studios.

Its portfolio has included brands such as Club Pilates, CycleBar, StretchLab, YogaSix, Pure Barre, AKT, Rumble and BFT, along with wellness-focused concepts including Lindora. These businesses offer services such as Pilates, indoor cycling, assisted stretching, yoga, barre, dance-based workouts, boxing-inspired fitness, strength training and wellness programs.

Founded in 2017, Xponential Fitness is based in Irvine, California.