Xponential Fitness (NYSE:XPOF) Shares Gap Up to $11.27

Shares of Xponential Fitness, Inc. (NYSE:XPOF) gapped up before the market opened on Monday . The stock had previously closed at $11.27, but opened at $12.34. Xponential Fitness shares last traded at $13.12, with a volume of 415,563 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Piper Sandler reduced 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 note on Monday, May 13th. Guggenheim boosted their target price on shares of Xponential Fitness from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday. Bank of America upped their price target on shares of Xponential Fitness from $13.00 to $15.50 and gave the company a “neutral” rating in a report on Wednesday, March 13th. Roth Capital upgraded Xponential Fitness to a “strong-buy” rating in a research note on Monday. Finally, Citigroup decreased their target price on Xponential Fitness from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Monday, March 4th. Three equities research 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 stock. Based on data from MarketBeat, Xponential Fitness has a consensus rating of “Moderate Buy” and an average target price of $21.05.

Xponential Fitness Trading Down 0.5 %

The company has a fifty day moving average price of $11.39 and a two-hundred day moving average price of $12.07.

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

Institutional Trading of Xponential Fitness

Several institutional investors have recently made changes to their positions in XPOF. Nut Tree Capital Management LP lifted its stake in Xponential Fitness by 74.3% during the first quarter. Nut Tree Capital Management LP now owns 250,000 shares of the company’s stock worth $4,135,000 after purchasing an additional 106,587 shares during the period. Kent Lake Capital LLC lifted its position in shares of Xponential Fitness by 276.0% during the 1st quarter. Kent Lake Capital LLC now owns 882,443 shares of the company’s stock worth $14,596,000 after buying an additional 647,743 shares during the period. Oak Ridge Investments LLC boosted its stake in Xponential Fitness by 9.9% in the 1st quarter. Oak Ridge Investments LLC now owns 194,109 shares of the company’s stock valued at $3,211,000 after buying an additional 17,411 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in Xponential Fitness in the 1st quarter valued at $278,000. Finally, CenterBook Partners LP bought a new stake in Xponential Fitness in the fourth quarter valued at $1,351,000. 58.55% of the stock is currently 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.