Xponential Fitness (NYSE:XPOF) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Xponential Fitness, Inc. (NYSE:XPOF) passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $4.48 and traded as high as $5.11. Xponential Fitness shares last traded at $4.7650, with a volume of 1,174,560 shares.

Wall Street Analyst Weigh In

Several research firms have weighed in on XPOF. Robert W. Baird set a $5.50 price target on Xponential Fitness in a research note on Friday, August 7th. UBS Group reduced their price objective on shares of Xponential Fitness from $7.00 to $4.50 and set a “neutral” rating on the stock in a research report on Wednesday, September 16th. Guggenheim cut shares of Xponential Fitness from a “buy” rating to a “neutral” rating in a research note on Friday, August 7th. Wall Street Zen lowered Xponential Fitness from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Finally, B. Riley Financial cut their price objective on Xponential Fitness from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Monday, August 10th. One research 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 presently has a consensus rating of “Hold” and a consensus price target of $6.50.

Xponential Fitness Trading Up 6.8%

The firm has a market cap of $235.03 million, a P/E ratio of -3.24 and a beta of 1.20. The stock has a 50 day simple moving average of $4.48 and a 200-day simple moving average of $6.03.

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

Institutional Investors Weigh In On Xponential Fitness

A number of hedge funds have recently bought and sold shares of XPOF. Fund 1 Investments LLC purchased a new position in shares of Xponential Fitness in the 2nd quarter worth $12,512,000. Citizens Business Bank bought a new stake in shares of Xponential Fitness in the 1st quarter worth about $12,040,000. Kanen Wealth Management LLC increased its holdings 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 buying an additional 685,149 shares during the last quarter. Prescott Group Capital Management L.L.C. increased its holdings in shares of Xponential Fitness by 8.8% in the 3rd quarter. Prescott Group Capital Management L.L.C. now owns 369,501 shares of the company’s stock worth $1,663,000 after buying an additional 30,000 shares during the last quarter. Finally, Janus Henderson Group PLC bought a new stake in shares of Xponential Fitness in the 1st quarter worth about $1,601,000. Hedge funds and other institutional investors own 58.55% of the company’s stock.

About Xponential Fitness

Xponential Fitness, Inc is a franchisor of boutique health and wellness businesses. Founded in 2017 and headquartered in Irvine, California, the company develops and supports specialized fitness concepts that operate through franchised studios and licensed locations.

Its portfolio has included Club Pilates, CycleBar, StretchLab, YogaSix, Pure Barre, AKT, Rumble, STRIDE Fitness and BFT, which offer services such as Pilates, indoor cycling, assisted stretching, yoga, barre, dance-based workouts, boxing-inspired training and group fitness.