Northland Capmk Upgrades Xponential Fitness (NYSE:XPOF) to Hold

Northland Capmk upgraded shares of Xponential Fitness (NYSE:XPOF) to a hold rating in a report published on Thursday morning,Zacks.com reports.

XPOF has been the topic of several other research reports. Northland Securities initiated coverage on shares of Xponential Fitness in a report on Thursday. They set a “market perform” rating and a $17.50 target price on the stock. Stifel Nicolaus lifted their price objective on Xponential Fitness from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Piper Sandler increased their target price on Xponential Fitness from $12.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, January 6th. Six research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.60.

Xponential Fitness Price Performance

Shares of NYSE:XPOF opened at $15.81 on Thursday. The company’s fifty day moving average price is $14.83 and its 200-day moving average price is $14.27. The firm has a market capitalization of $763.72 million, a price-to-earnings ratio of -13.63 and a beta of 1.30. Xponential Fitness has a one year low of $7.40 and a one year high of $18.95.

Xponential Fitness (NYSE:XPOF) last released its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.22). Xponential Fitness had a negative return on equity of 4.37% and a negative net margin of 9.15%. The firm had revenue of $80.49 million during the quarter, compared to the consensus estimate of $76.85 million. During the same quarter in the previous year, the firm earned $0.11 EPS. As a group, equities research analysts expect that Xponential Fitness will post 0.61 EPS for the current year.

Insider Activity

In other news, Director Mark Grabowski sold 2,595,598 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $15.35, for a total value of $39,842,429.30. Following the completion of the transaction, the director now owns 30,546 shares in the company, valued at $468,881.10. This trade represents a 98.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 47.83% of the company’s stock.

Hedge Funds Weigh In On Xponential Fitness

A number of institutional investors have recently added to or reduced their stakes in XPOF. Dimensional Fund Advisors LP grew its position in shares of Xponential Fitness by 63.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 25,397 shares of the company’s stock worth $396,000 after buying an additional 9,827 shares during the period. Canada Pension Plan Investment Board purchased a new stake in Xponential Fitness in the second quarter worth about $72,000. Squarepoint Ops LLC bought a new position in shares of Xponential Fitness during the second quarter valued at approximately $1,076,000. AQR Capital Management LLC lifted its holdings in shares of Xponential Fitness by 684.4% during the second quarter. AQR Capital Management LLC now owns 109,963 shares of the company’s stock valued at $1,715,000 after purchasing an additional 95,945 shares during the last quarter. Finally, JCP Investment Management LLC bought a new stake in shares of Xponential Fitness in the 2nd quarter worth approximately $3,915,000. Institutional investors own 58.55% of the company’s stock.

About Xponential Fitness

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.