Raymond James Has Lowered Expectations for Xponential Fitness (NYSE:XPOF) Stock Price

Xponential Fitness (NYSE:XPOF) had its price target decreased by investment analysts at Raymond James from $16.00 to $15.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “strong-buy” rating on the stock. Raymond James’ target price suggests a potential upside of 85.19% from the stock’s current price.

XPOF has been the subject of a number of other reports. Piper Sandler dropped their target price on shares of Xponential Fitness from $16.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. B. Riley reduced 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 report on Friday, March 14th. Northland Securities started coverage on shares of Xponential Fitness in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $17.50 price target on the stock. Northland Capmk upgraded Xponential Fitness to a “hold” rating in a report on Thursday, January 23rd. Finally, Lake Street Capital reduced their price objective on shares of Xponential Fitness from $20.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, March 14th. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Xponential Fitness currently has an average rating of “Moderate Buy” and an average price target of $14.72.

Xponential Fitness Stock Performance

Shares of Xponential Fitness stock opened at $8.10 on Friday. The firm has a market cap of $392.72 million, a P/E ratio of -6.98 and a beta of 1.57. Xponential Fitness has a twelve month low of $6.64 and a twelve month high of $18.95. The firm’s 50-day simple moving average is $8.57 and its 200-day simple moving average is $12.76.

Xponential Fitness (NYSE:XPOF) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). Xponential Fitness had a negative net margin of 9.15% and a negative return on equity of 4.37%. The company had revenue of $76.88 million for the quarter, compared to the consensus estimate of $75.37 million. During the same period in the previous year, the business posted $0.16 earnings per share. The firm’s revenue was down 3.4% compared to the same quarter last year. On average, equities analysts forecast that Xponential Fitness will post 0.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC grew its stake in shares of Xponential Fitness by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 539,904 shares of the company’s stock worth $7,263,000 after buying an additional 1,468 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Xponential Fitness during the fourth quarter worth about $29,000. Financial Management Professionals Inc. increased its stake in shares of Xponential Fitness by 117.6% in the fourth quarter. Financial Management Professionals Inc. now owns 5,021 shares of the company’s stock valued at $68,000 after buying an additional 2,714 shares during the period. Point72 Asset Management L.P. bought a new position in Xponential Fitness in the 4th quarter valued at approximately $46,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Xponential Fitness by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 199,092 shares of the company’s stock worth $2,678,000 after buying an additional 3,712 shares during the period. Institutional investors and hedge funds 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.