Xponential Fitness (NYSE:XPOF) Shares Down 13.5% - Here's What Happened

Xponential Fitness, Inc. (NYSE:XPOF - Get Free Report)'s stock price fell 13.5% during trading on Monday . The stock traded as low as $11.22 and last traded at $10.95. Approximately 596,258 shares were traded during trading, an increase of 3% from the average daily volume of 578,732 shares. The stock had previously closed at $12.66.

Analysts Set New Price Targets

Several research firms have issued reports on XPOF. Stifel Nicolaus downgraded Xponential Fitness from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $20.00 to $12.00 in a report on Friday. Piper Sandler decreased their target price on Xponential Fitness from $16.00 to $9.00 and set a "neutral" rating for the company in a research report on Friday. B. Riley decreased their target price on Xponential Fitness from $12.00 to $9.00 and set a "neutral" rating for the company in a research report on Friday. Northland Capmk upgraded Xponential Fitness to a "hold" rating in a research report on Thursday, January 23rd. Finally, Lake Street Capital decreased their target price on Xponential Fitness from $20.00 to $16.00 and set a "buy" rating for the company in a research report on Friday. Six research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $15.28.

Xponential Fitness Stock Performance

The stock has a 50 day moving average price of $15.40 and a 200 day moving average price of $14.19. The company has a market cap of $366.86 million, a P/E ratio of -6.57 and a beta of 1.38.

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Xponential Fitness (NYSE:XPOF - Get Free Report) last posted its quarterly earnings data on Thursday, March 13th. The company reported ($0.19) EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.63). The firm had revenue of $83.22 million during the quarter, compared to the consensus estimate of $81.12 million. Xponential Fitness had a negative return on equity of 4.37% and a negative net margin of 9.15%. The firm's quarterly revenue was down 6.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.08 EPS. As a group, equities research analysts predict that Xponential Fitness, Inc. will post 0.61 earnings per share for the current year.

Institutional Investors Weigh In On Xponential Fitness

Institutional investors and hedge funds have recently modified their holdings of the stock. Rockefeller Capital Management L.P. acquired a new stake in shares of Xponential Fitness during the third quarter worth $3,171,000. Skylands Capital LLC raised its position in shares of Xponential Fitness by 80.1% during the fourth quarter. Skylands Capital LLC now owns 95,458 shares of the company's stock worth $1,284,000 after purchasing an additional 42,458 shares during the period. Mutual of America Capital Management LLC acquired a new stake in shares of Xponential Fitness during the third quarter worth $1,015,000. Wasatch Advisors LP raised its position in shares of Xponential Fitness by 96.2% during the third quarter. Wasatch Advisors LP now owns 1,152,972 shares of the company's stock worth $14,297,000 after purchasing an additional 565,451 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Xponential Fitness by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 195,380 shares of the company's stock worth $2,423,000 after purchasing an additional 2,670 shares during the period. 58.55% of the stock is owned by institutional investors and hedge funds.

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.