Xponential Fitness (NYSE:XPOF) Stock Price Up 7.5%

Shares of Xponential Fitness, Inc. (NYSE:XPOF) rose 7.5% during mid-day trading on Thursday . The company traded as high as $14.24 and last traded at $14.24. Approximately 152,988 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 739,703 shares. The stock had previously closed at $13.25.

Analysts Set New Price Targets

XPOF has been the subject of several analyst reports. Roth Mkm lowered their price target on shares of Xponential Fitness from $22.00 to $19.00 and set a “buy” rating for the company in a report on Friday, August 2nd. B. Riley increased their target price on Xponential Fitness from $9.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Piper Sandler restated a “neutral” rating and issued a $13.00 price target (down from $14.00) on shares of Xponential Fitness in a research note on Friday, August 2nd. Robert W. Baird lowered their price objective on Xponential Fitness from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Finally, Roth Capital raised Xponential Fitness to a “strong-buy” rating in a research report on Monday, June 17th. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.25.

Xponential Fitness Stock Down 4.1 %

The firm has a fifty day moving average price of $14.99 and a 200 day moving average price of $13.69.

Xponential Fitness (NYSE:XPOF) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.22). The company had revenue of $76.50 million during the quarter, compared to analysts’ expectations of $83.63 million. Xponential Fitness had a negative net margin of 6.51% and a negative return on equity of 9.35%. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.07 EPS. Sell-side analysts anticipate that Xponential Fitness, Inc. will post 0.79 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Xponential Fitness

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. nVerses Capital LLC acquired a new position in shares of Xponential Fitness in the second quarter worth $34,000. Quarry LP raised its stake in Xponential Fitness by 80.4% in the 2nd quarter. Quarry LP now owns 3,692 shares of the company’s stock valued at $58,000 after purchasing an additional 1,646 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in Xponential Fitness in the 2nd quarter valued at about $72,000. Dnca Finance acquired a new stake in shares of Xponential Fitness during the 2nd quarter worth about $107,000. Finally, Quest Partners LLC purchased a new stake in shares of Xponential Fitness during the fourth quarter worth about $174,000. Institutional investors and hedge funds 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.