Xponential Fitness (NYSE:XPOF) Trading Down 4.2% on Analyst Downgrade

Posted by Defense World Staff on Jun 23rd, 2023

Shares of Xponential Fitness, Inc. (NYSE:XPOF – Get Rating) dropped 4.2% during mid-day trading on Thursday after Piper Sandler lowered their price target on the stock from $42.00 to $36.00. The company traded as low as $25.73 and last traded at $25.73. Approximately 27,044 shares were traded during trading, a decline of 95% from the average daily volume of 559,982 shares. The stock had previously closed at $26.85.

Several other research analysts also recently commented on XPOF. TheStreet downgraded Xponential Fitness from a “c” rating to a “d” rating in a report on Friday, May 5th. Robert W. Baird downgraded shares of Xponential Fitness from an “outperform” rating to a “neutral” rating and set a $34.00 target price for the company. in a research report on Wednesday, April 5th. Morgan Stanley boosted their price target on shares of Xponential Fitness from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, March 3rd. Raymond James increased their price objective on shares of Xponential Fitness from $30.00 to $32.00 and gave the stock a “strong-buy” rating in a research report on Friday, March 3rd. Finally, Lake Street Capital upped their price target on shares of Xponential Fitness from $38.00 to $41.00 in a research report on Friday, May 5th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Xponential Fitness has a consensus rating of “Buy” and an average target price of $34.38.

Insider Activity

In other news, CEO Anthony Geisler sold 69,255 shares of the firm’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $31.33, for a total value of $2,169,759.15. Following the completion of the sale, the chief executive officer now directly owns 804,714 shares in the company, valued at approximately $25,211,689.62. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Anthony Geisler sold 69,255 shares of the company’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $31.33, for a total value of $2,169,759.15. Following the sale, the chief executive officer now owns 804,714 shares in the company, valued at approximately $25,211,689.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Ryan Junk sold 2,491 shares of Xponential Fitness stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $25.21, for a total value of $62,798.11. Following the transaction, the chief operating officer now owns 239,592 shares of the company’s stock, valued at approximately $6,040,114.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 427,970 shares of company stock worth $13,388,422. Company insiders own 47.86% of the company’s stock.

Institutional Investors Weigh In On Xponential Fitness

Institutional investors have recently bought and sold shares of the stock. Macquarie Group Ltd. boosted its holdings in Xponential Fitness by 23.1% during the 3rd quarter. Macquarie Group Ltd. now owns 3,320 shares of the company’s stock worth $61,000 after acquiring an additional 624 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Xponential Fitness by 10.2% in the 4th quarter. JPMorgan Chase & Co. now owns 10,444 shares of the company’s stock valued at $239,000 after buying an additional 964 shares during the last quarter. American International Group Inc. lifted its position in shares of Xponential Fitness by 23.9% during the 1st quarter. American International Group Inc. now owns 6,115 shares of the company’s stock worth $143,000 after buying an additional 1,181 shares in the last quarter. Dorsey Wright & Associates purchased a new position in shares of Xponential Fitness in the 4th quarter worth approximately $28,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Xponential Fitness by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 47,153 shares of the company’s stock valued at $1,081,000 after acquiring an additional 1,242 shares in the last quarter. Institutional investors own 92.87% of the company’s stock.

Xponential Fitness Stock Down 3.0 %

The stock has a 50-day moving average of $28.85 and a 200 day moving average of $26.94. The company has a market capitalization of $1.29 billion, a PE ratio of -7.36, a P/E/G ratio of 2.36 and a beta of 1.45.

Xponential Fitness (NYSE:XPOF – Get Rating) last released its earnings results on Thursday, May 4th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.13). Xponential Fitness had a negative return on equity of 16.57% and a negative net margin of 0.20%. The business had revenue of $70.69 million for the quarter, compared to the consensus estimate of $65.45 million. During the same quarter in the previous year, the firm earned ($0.19) earnings per share. The company’s revenue for the quarter was up 40.4% on a year-over-year basis. Equities analysts forecast that Xponential Fitness, Inc. will post 0.48 EPS for the current fiscal year.

About Xponential Fitness

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Xponential Fitness, Inc, through its subsidiaries, operates as a boutique fitness franchisor in the United States and internationally. The company offers fitness and wellness services, including pilates, barre, cycling, stretching, rowing, yoga, boxing, dancing, running, and functional training under the Club Pilates, Pure Barre, CycleBar, StretchLab, Row House, YogaSix, Rumble, AKT, Stride, and BFT brands.