Xponential Fitness (NYSE:XPOF) Given New $9.00 Price Target at B. Riley

Xponential Fitness (NYSE:XPOF) had its price target cut by B. Riley from $12.00 to $9.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a neutral rating on the stock.

Other research analysts have also issued reports about the company. Stifel Nicolaus lowered Xponential Fitness from a “buy” rating to a “hold” rating and dropped their price target for the company from $20.00 to $12.00 in a research report on Friday. Northland Capmk raised Xponential Fitness to a “hold” rating in a research report on Thursday, January 23rd. Northland Securities began coverage on Xponential Fitness in a research report on Thursday, January 23rd. They set a “market perform” rating and a $17.50 price target on the stock. Finally, Piper Sandler dropped their price target on Xponential Fitness from $16.00 to $9.00 and set a “neutral” rating on the stock in a research report on Friday. Six 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 stock. According to MarketBeat.com, Xponential Fitness presently has an average rating of “Moderate Buy” and a consensus target price of $15.28.

Xponential Fitness Stock Down 38.5 %

Shares of Xponential Fitness stock opened at $7.45 on Friday. The stock’s fifty day moving average is $15.24 and its 200-day moving average is $14.16. The firm has a market capitalization of $360.05 million, a PE ratio of -6.43 and a beta of 1.38. Xponential Fitness has a 12-month low of $7.22 and a 12-month high of $18.95.

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). The business had revenue of $83.22 million for the quarter, compared to analyst estimates of $81.12 million. Xponential Fitness had a negative net margin of 9.15% and a negative return on equity of 4.37%. The firm’s quarterly revenue was down 6.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.08 earnings per share. Analysts expect that Xponential Fitness will post 0.61 EPS for the current year.

Institutional Trading of Xponential Fitness

Several large investors have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Xponential Fitness during the 4th quarter worth about $29,000. Point72 Asset Management L.P. acquired a new position in shares of Xponential Fitness during the 4th quarter worth about $46,000. Prospect Capital Advisors LLC acquired a new position in shares of Xponential Fitness during the 4th quarter worth about $2,590,000. Nomura Holdings Inc. acquired a new position in shares of Xponential Fitness during the 4th quarter worth about $794,000. Finally, Deutsche Bank AG lifted its position in shares of Xponential Fitness by 3.0% during the 4th quarter. Deutsche Bank AG now owns 287,892 shares of the company’s stock worth $3,872,000 after purchasing an additional 8,267 shares during the last quarter. Institutional investors own 58.55% of the company’s stock.

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.