Lake Street Capital Cuts Xponential Fitness (NYSE:XPOF) Price Target to $16.00

Xponential Fitness (NYSE:XPOF) had its price objective reduced by Lake Street Capital from $20.00 to $16.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms have also weighed in on XPOF. Northland Capmk upgraded shares of Xponential Fitness to a “hold” rating in a research report on Thursday, January 23rd. Stifel Nicolaus lowered shares of Xponential Fitness from a “buy” rating to a “hold” rating and dropped their price target for the stock from $20.00 to $12.00 in a research report on Friday. Piper Sandler dropped their price target on shares of Xponential Fitness from $16.00 to $9.00 and set a “neutral” rating for the company 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, B. Riley dropped their target price on shares of Xponential Fitness from $12.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday. Six analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Xponential Fitness presently has an average rating of “Moderate Buy” and an average target price of $15.28.

Xponential Fitness Stock Performance

Shares of Xponential Fitness stock opened at $7.45 on Friday. The stock has a market capitalization of $360.05 million, a PE ratio of -6.43 and a beta of 1.38. Xponential Fitness has a 52-week low of $7.22 and a 52-week high of $18.95. The company has a 50-day simple moving average of $15.24 and a two-hundred day simple moving average of $14.16.

Xponential Fitness (NYSE:XPOF) last released its quarterly earnings data on Thursday, March 13th. The company reported ($0.19) earnings per share 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 company had revenue of $83.22 million for the quarter, compared to analysts’ expectations of $81.12 million. During the same period in the previous year, the firm earned $0.08 earnings per share. The firm’s revenue for the quarter was down 6.8% on a year-over-year basis. As a group, equities research analysts forecast that Xponential Fitness will post 0.61 EPS for the current fiscal year.

Institutional Investors Weigh In On Xponential Fitness

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rockefeller Capital Management L.P. purchased a new stake in shares of Xponential Fitness in the third quarter valued at $3,171,000. Skylands Capital LLC raised its stake in shares of Xponential Fitness by 80.1% in the fourth quarter. Skylands Capital LLC now owns 95,458 shares of the company’s stock valued at $1,284,000 after acquiring an additional 42,458 shares during the period. Mutual of America Capital Management LLC purchased a new position in Xponential Fitness in the 3rd quarter worth about $1,015,000. Wasatch Advisors LP increased its stake in Xponential Fitness by 96.2% in the 3rd quarter. Wasatch Advisors LP now owns 1,152,972 shares of the company’s stock worth $14,297,000 after buying an additional 565,451 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Xponential Fitness by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 195,380 shares of the company’s stock worth $2,423,000 after buying an additional 2,670 shares during the period. Hedge funds and other institutional investors own 58.55% of the company’s stock.

About Xponential Fitness

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.