B. Riley Raises Xponential Fitness (NYSE:XPOF) Price Target to $31.00

Xponential Fitness (NYSE:XPOF) had its price objective upped by B. Riley from $28.00 to $31.00 in a research note released on Friday, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research firms also recently issued reports on XPOF. Stifel Nicolaus reaffirmed a buy rating and issued a $20.00 price objective on shares of Xponential Fitness in a research note on Friday, April 12th. Citigroup reduced their price target on shares of Xponential Fitness from $23.00 to $21.00 and set a buy rating on the stock in a research report on Monday, March 4th. Robert W. Baird lowered their price objective on shares of Xponential Fitness from $16.00 to $14.00 and set a neutral rating for the company in a research report on Friday, March 1st. Finally, Bank of America boosted their target price on shares of Xponential Fitness from $13.00 to $15.50 and gave the stock a neutral rating in a report on Wednesday, March 13th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Xponential Fitness has a consensus rating of Moderate Buy and a consensus price target of $21.94.

Xponential Fitness Stock Performance

XPOF stock opened at $11.53 on Friday. The company has a market capitalization of $547.56 million, a PE ratio of -20.23 and a beta of 1.20. The company’s fifty day moving average price is $13.92 and its 200-day moving average price is $12.90. Xponential Fitness has a one year low of $8.30 and a one year high of $33.49.

Xponential Fitness (NYSE:XPOF) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.02). Xponential Fitness had a net margin of 1.90% and a negative return on equity of 7.73%. The company had revenue of $79.52 million for the quarter, compared to the consensus estimate of $78.77 million. During the same period last year, the company earned ($0.02) EPS. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, research analysts predict that Xponential Fitness will post 1.11 EPS for the current fiscal year.

Insider Transactions at Xponential Fitness

In related news, insider Andrew Hagopian sold 5,260 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $10.06, for a total transaction of $52,915.60. Following the transaction, the insider now directly owns 228,390 shares in the company, valued at approximately $2,297,603.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Andrew Hagopian sold 5,260 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $10.06, for a total transaction of $52,915.60. Following the completion of the transaction, the insider now owns 228,390 shares in the company, valued at approximately $2,297,603.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Anthony Geisler sold 17,901 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $9.93, for a total value of $177,756.93. Following the completion of the transaction, the chief executive officer now directly owns 394,011 shares in the company, valued at approximately $3,912,529.23. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,632 shares of company stock worth $356,848. 47.83% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Voss Capital LLC purchased a new stake in shares of Xponential Fitness in the 4th quarter worth $29,776,000. MSD Partners L.P. raised its holdings in shares of Xponential Fitness by 116.2% in the third quarter. MSD Partners L.P. now owns 1,761,319 shares of the company’s stock valued at $27,300,000 after acquiring an additional 946,757 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in Xponential Fitness in the third quarter worth about $10,415,000. Eagle Asset Management Inc. grew its holdings in Xponential Fitness by 22.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,372,839 shares of the company’s stock worth $21,279,000 after acquiring an additional 247,115 shares in the last quarter. Finally, Kent Lake Capital LLC purchased a new position in Xponential Fitness during the 4th quarter valued at about $3,025,000. 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.