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

Xponential Fitness (NYSE:XPOF - Free Report) had its price objective decreased by Piper Sandler from $16.00 to $9.00 in a report published on Friday morning,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

Several other equities analysts have also recently commented on the stock. Stifel Nicolaus cut shares of Xponential Fitness from a "buy" rating to a "hold" rating and decreased their price target for the company from $20.00 to $12.00 in a research report on Friday. Northland Securities initiated coverage on shares of Xponential Fitness in a research report on Thursday, January 23rd. They issued a "market perform" rating and a $17.50 price target for the company. Finally, Northland Capmk raised shares of Xponential Fitness to a "hold" rating in a research report on Thursday, January 23rd. Six research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $15.28.

Xponential Fitness Price Performance

Shares of NYSE:XPOF traded down $0.12 during mid-day trading on Friday, reaching $9.07. 919,863 shares of the company were exchanged, compared to its average volume of 615,995. The firm has a market cap of $437.91 million, a price-to-earnings ratio of -7.82 and a beta of 1.38. The firm's 50-day simple moving average is $15.11 and its 200 day simple moving average is $14.14. Xponential Fitness has a 1 year low of $7.22 and a 1 year high of $18.95.

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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) earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.63). The company had revenue of $83.22 million for the quarter, compared to analysts' expectations of $81.12 million. Xponential Fitness had a negative return on equity of 4.37% and a negative net margin of 9.15%. The business's revenue for the quarter was down 6.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.08 EPS. On average, research analysts forecast that Xponential Fitness will post 0.61 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Xponential Fitness

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Nut Tree Capital Management LP raised its stake in 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 acquiring an additional 150,000 shares in the last quarter. Voss Capital LP raised its stake in Xponential Fitness by 3.6% during the 4th quarter. Voss Capital LP now owns 2,940,000 shares of the company's stock worth $39,543,000 after acquiring an additional 101,912 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Xponential Fitness by 5.7% during the 4th quarter. Ameriprise Financial Inc. now owns 1,711,592 shares of the company's stock worth $23,021,000 after acquiring an additional 92,477 shares in the last quarter. Wasatch Advisors LP raised its stake in Xponential Fitness by 96.2% during the 3rd quarter. Wasatch Advisors LP now owns 1,152,972 shares of the company's stock worth $14,297,000 after acquiring an additional 565,451 shares in the last quarter. Finally, Verition Fund Management LLC raised its stake in Xponential Fitness by 276.5% during the 3rd quarter. Verition Fund Management LLC now owns 692,729 shares of the company's stock worth $8,590,000 after acquiring an additional 508,715 shares in the last quarter. 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.