Xponential Fitness (NYSE:XPOF) Lifted to “Strong-Buy” at Roth Capital

Xponential Fitness (NYSE:XPOF) was upgraded by equities researchers at Roth Capital to a “strong-buy” rating in a research note issued on Monday, Zacks.com reports.

A number of other equities analysts have also weighed in on XPOF. Robert W. Baird dropped their target price on shares of Xponential Fitness from $16.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, March 1st. B. Riley increased their price objective on shares of Xponential Fitness from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Roth Mkm assumed coverage on shares of Xponential Fitness in a research report on Monday. They set a “buy” rating and a $22.00 price objective for the company. Stifel Nicolaus reiterated a “buy” rating and set a $20.00 price objective on shares of Xponential Fitness in a research report on Friday, April 12th. Finally, Piper Sandler lowered their price objective on shares of Xponential Fitness from $12.00 to $9.00 and set a “neutral” rating for the company in a research report on Monday, May 13th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.55.

Xponential Fitness Stock Performance

Shares of NYSE:XPOF opened at $15.13 on Monday. The firm has a fifty day moving average price of $11.39 and a 200 day moving average price of $12.07. Xponential Fitness has a fifty-two week low of $7.40 and a fifty-two week high of $28.19. The firm has a market cap of $727.30 million, a price-to-earnings ratio of -26.54 and a beta of 1.04.

Xponential Fitness (NYSE:XPOF) last issued its earnings results on Thursday, May 2nd. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). Xponential Fitness had a negative return on equity of 7.65% and a net margin of 1.90%. The company had revenue of $79.52 million for the quarter, compared to the consensus estimate of $78.77 million. During the same quarter in the prior year, the company posted ($0.02) EPS. Xponential Fitness’s revenue was up 12.5% compared to the same quarter last year. As a group, research analysts predict that Xponential Fitness will post 0.75 earnings per share for the current year.

Institutional Investors Weigh In On Xponential Fitness

Institutional investors have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Xponential Fitness in the 4th quarter worth about $143,000. Quest Partners LLC purchased a new position in Xponential Fitness in the 4th quarter worth about $174,000. Principal Financial Group Inc. purchased a new position in Xponential Fitness in the 1st quarter worth about $278,000. Versor Investments LP purchased a new position in Xponential Fitness in the 4th quarter worth about $240,000. Finally, Harbor Capital Advisors Inc. increased its stake in Xponential Fitness by 63.8% in the 4th quarter. Harbor Capital Advisors Inc. now owns 19,521 shares of the company’s stock worth $252,000 after buying an additional 7,605 shares during the period. Institutional investors own 58.55% of the company’s stock.

Xponential Fitness Company Profile

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.