B. Riley Cuts Xponential Fitness (NYSE:XPOF) Price Target to $9.00

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

XPOF has been the subject of a number of other research reports. 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 objective for the company. Piper Sandler reduced their price target on Xponential Fitness from $16.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday. Stifel Nicolaus lowered Xponential Fitness from a “buy” rating to a “hold” rating and reduced their price target for the stock from $20.00 to $12.00 in a research report on Friday. Finally, Northland Capmk upgraded Xponential Fitness to a “hold” rating in a research report on Thursday, January 23rd. Six investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Xponential Fitness has a consensus rating of “Moderate Buy” and an average target price of $15.28.

Xponential Fitness Trading Down 38.5 %

Shares of NYSE XPOF opened at $7.45 on Friday. Xponential Fitness has a twelve month low of $7.22 and a twelve month high of $18.95. The company has a market capitalization of $360.05 million, a price-to-earnings ratio of -6.43 and a beta of 1.38. The business has a 50 day simple moving average of $15.24 and a 200-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 (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $81.12 million. During the same quarter in the prior year, the firm earned $0.08 EPS. The company’s revenue for the quarter was down 6.8% compared to the same quarter last year. As a group, equities analysts predict that Xponential Fitness will post 0.61 earnings per share for the current year.

Institutional Trading of Xponential Fitness

Hedge funds and other institutional investors have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Xponential Fitness in the 4th quarter worth $29,000. Point72 Asset Management L.P. bought a new stake in shares of Xponential Fitness in the 4th quarter worth $46,000. AlphaQuest LLC raised its stake in shares of Xponential Fitness by 335.9% in the 4th quarter. AlphaQuest LLC now owns 4,843 shares of the company’s stock worth $65,000 after buying an additional 3,732 shares in the last quarter. Financial Management Professionals Inc. raised its stake in shares of Xponential Fitness by 117.6% in the 4th quarter. Financial Management Professionals Inc. now owns 5,021 shares of the company’s stock worth $68,000 after buying an additional 2,714 shares in the last quarter. Finally, Asset Planning Inc bought a new stake in shares of Xponential Fitness in the 4th quarter worth $71,000. 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.