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

Xponential Fitness (NYSE:XPOF) had its price objective cut by investment analysts at B. Riley from $12.00 to $9.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. B. Riley’s price target indicates a potential upside of 20.74% from the stock’s current price.

Several other equities analysts have also recently issued reports on the stock. Piper Sandler decreased their price target on shares of Xponential Fitness from $16.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday. Northland Capmk raised Xponential Fitness to a “hold” rating in a research note on Thursday, January 23rd. Northland Securities started coverage on shares of Xponential Fitness in a research report on Thursday, January 23rd. They set a “market perform” rating and a $17.50 target price on the stock. Finally, Stifel Nicolaus cut shares of Xponential Fitness from a “buy” rating to a “hold” rating and cut their price objective for the stock from $20.00 to $12.00 in a research report on Friday. Six investment 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 company’s stock. According to data from MarketBeat, Xponential Fitness currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.28.

Xponential Fitness Stock Performance

Xponential Fitness stock opened at $7.45 on Friday. The stock has a market capitalization of $360.05 million, a P/E ratio of -6.43 and a beta of 1.38. Xponential Fitness has a 52 week low of $7.22 and a 52 week high of $18.95. The stock has a fifty day moving average of $15.24 and a 200-day moving average of $14.15.

Xponential Fitness (NYSE:XPOF) last announced its quarterly earnings results on Thursday, March 13th. The company reported ($0.19) EPS 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 revenue was down 6.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.08 earnings per share. On average, research analysts forecast that Xponential Fitness will post 0.61 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Mutual of America Capital Management LLC bought a new stake in shares of Xponential Fitness during the 3rd quarter worth $1,015,000. Landscape Capital Management L.L.C. purchased a new stake in Xponential Fitness during the third quarter valued at about $185,000. Charles Schwab Investment Management Inc. boosted its holdings in Xponential Fitness by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 195,380 shares of the company’s stock worth $2,423,000 after buying an additional 2,670 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Xponential Fitness during the third quarter worth $702,000. Finally, Rockefeller Capital Management L.P. bought a new position in shares of Xponential Fitness in the third quarter worth $3,171,000. 58.55% of the stock is owned by institutional investors.

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.