Lake Street Capital Has Lowered Expectations for Xponential Fitness (NYSE:XPOF) Stock Price

Xponential Fitness (NYSE:XPOF) had its price target lowered by Lake Street Capital from $20.00 to $16.00 in a research report report published on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

Other equities analysts have also issued reports about the stock. Piper Sandler cut their target price on shares of Xponential Fitness from $16.00 to $9.00 and set a “neutral” rating for the company in a report on Friday. Northland Securities initiated coverage on shares of Xponential Fitness in a report on Thursday, January 23rd. They set a “market perform” rating and a $17.50 target price for the company. Northland Capmk raised shares of Xponential Fitness to a “hold” rating in a report on Thursday, January 23rd. B. Riley dropped their price target on shares of Xponential Fitness from $12.00 to $9.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, Stifel Nicolaus cut shares of 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 note on Friday. Six investment 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $15.28.

Xponential Fitness Stock Performance

NYSE:XPOF opened at $7.45 on Friday. Xponential Fitness has a fifty-two week low of $7.22 and a fifty-two week high of $18.95. The stock has a market capitalization of $360.05 million, a P/E ratio of -6.43 and a beta of 1.38. The company’s 50-day simple moving average is $15.24 and its 200-day simple moving average is $14.16.

Xponential Fitness (NYSE:XPOF) last released its quarterly earnings results 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 firm had revenue of $83.22 million during the quarter, compared to the consensus estimate 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 quarter in the prior year, the business posted $0.08 earnings per share. On average, research analysts forecast that Xponential Fitness will post 0.61 EPS for the current year.

Institutional Trading of Xponential Fitness

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. purchased a new stake in Xponential Fitness during the third quarter worth about $3,171,000. Skylands Capital LLC boosted its holdings in 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 purchasing an additional 42,458 shares in the last quarter. Mutual of America Capital Management LLC acquired a new position in Xponential Fitness in the third quarter valued at approximately $1,015,000. Wasatch Advisors LP boosted its holdings in shares of Xponential Fitness by 96.2% in the third 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, Charles Schwab Investment Management Inc. boosted its holdings in shares of Xponential Fitness by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 195,380 shares of the company’s stock valued at $2,423,000 after acquiring an additional 2,670 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.