Xponential Fitness (NYSE:XPOF) Price Target Cut to $9.00 by Analysts at Piper Sandler

Xponential Fitness (NYSE:XPOF) had its target price lowered by Piper Sandler from $16.00 to $9.00 in a report released on Friday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other brokerages have also recently issued reports on XPOF. Northland Capmk upgraded Xponential Fitness to a “hold” rating in a report on Thursday, January 23rd. Northland Securities assumed coverage on Xponential Fitness in a report on Thursday, January 23rd. They issued a “market perform” rating and a $17.50 target price for the company. Finally, Stifel Nicolaus cut Xponential Fitness from a “buy” rating to a “hold” rating and dropped their target price for the company from $20.00 to $12.00 in a report on Friday. Six research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $15.28.

Xponential Fitness Stock Performance

NYSE XPOF opened at $7.45 on Friday. The business has a fifty day moving average price of $15.24 and a 200 day moving average price of $14.15. Xponential Fitness has a one year low of $7.22 and a one year high of $18.95. The company has a market cap of $360.05 million, a P/E ratio of -6.43 and a beta of 1.38.

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

Hedge Funds Weigh In On Xponential Fitness

A number of hedge funds have recently modified their holdings of the business. Nut Tree Capital Management LP grew its holdings in shares of Xponential Fitness by 5.0% during the 4th quarter. Nut Tree Capital Management LP now owns 3,151,722 shares of the company’s stock worth $42,391,000 after purchasing an additional 150,000 shares during the period. Voss Capital LP boosted its holdings in Xponential Fitness by 3.6% during the 4th quarter. Voss Capital LP now owns 2,940,000 shares of the company’s stock valued at $39,543,000 after acquiring an additional 101,912 shares during the period. Ameriprise Financial Inc. boosted its holdings in Xponential Fitness by 5.7% during the 4th quarter. Ameriprise Financial Inc. now owns 1,711,592 shares of the company’s stock valued at $23,021,000 after acquiring an additional 92,477 shares during the period. Wasatch Advisors LP boosted its holdings in Xponential Fitness by 96.2% during the 3rd quarter. Wasatch Advisors LP now owns 1,152,972 shares of the company’s stock valued at $14,297,000 after acquiring an additional 565,451 shares during the period. Finally, Verition Fund Management LLC boosted its holdings in Xponential Fitness by 276.5% during the 3rd quarter. Verition Fund Management LLC now owns 692,729 shares of the company’s stock valued at $8,590,000 after acquiring an additional 508,715 shares during the period. 58.55% of the stock is currently owned by hedge funds and other institutional investors.

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.