Piper Sandler Issues Pessimistic Forecast for Xponential Fitness (NYSE:XPOF) Stock Price

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

Several other research analysts also recently commented on XPOF. Northland Securities began coverage on Xponential Fitness in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $17.50 target price for the company. Northland Capmk upgraded Xponential Fitness to a “hold” rating in a research note on Thursday, January 23rd. Finally, Stifel Nicolaus downgraded Xponential Fitness from a “buy” rating to a “hold” rating and cut their target price for the stock from $20.00 to $12.00 in a research note on Friday. Six equities research 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 stock. According to data from MarketBeat.com, Xponential Fitness has a consensus rating of “Moderate Buy” and a consensus price target of $15.28.

Xponential Fitness Stock Performance

XPOF stock opened at $7.45 on Friday. The company has a market capitalization of $360.05 million, a price-to-earnings ratio of -6.43 and a beta of 1.38. Xponential Fitness has a fifty-two week low of $7.22 and a fifty-two week high of $18.95. The stock has a fifty day moving average of $15.24 and a 200-day moving average of $14.16.

Xponential Fitness (NYSE:XPOF) last posted its quarterly earnings results 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 return on equity of 4.37% and a negative net margin of 9.15%. The firm had revenue of $83.22 million for the quarter, compared to the consensus estimate of $81.12 million. During the same quarter in the previous year, the company posted $0.08 EPS. The firm’s revenue was down 6.8% compared to the same quarter last year. Equities analysts predict that Xponential Fitness will post 0.61 EPS for the current year.

Institutional Trading of Xponential Fitness

Several institutional investors and hedge funds have recently modified their holdings of the business. Nut Tree Capital Management LP raised its holdings in shares of Xponential Fitness by 5.0% in the 4th quarter. Nut Tree Capital Management LP now owns 3,151,722 shares of the company’s stock valued at $42,391,000 after acquiring an additional 150,000 shares in the last quarter. Voss Capital LP raised its holdings in shares of Xponential Fitness by 3.6% in 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 in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of 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 buying an additional 92,477 shares in the last quarter. Wasatch Advisors LP raised its holdings in shares of 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 buying an additional 565,451 shares in the last quarter. Finally, Verition Fund Management LLC raised its holdings in shares of 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 buying an additional 508,715 shares in the last quarter. 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.