Piper Sandler Cuts Xponential Fitness (NYSE:XPOF) Price Target to $9.00

Xponential Fitness (NYSE:XPOF) had its price objective reduced by Piper Sandler from $16.00 to $9.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a neutral rating on the stock.

Several other research firms also recently commented on XPOF. Northland Capmk upgraded Xponential Fitness to a “hold” rating in a report on Thursday, January 23rd. Stifel Nicolaus downgraded Xponential Fitness from a “buy” rating to a “hold” rating and decreased their price objective for the company from $20.00 to $12.00 in a report on Friday. Finally, Northland Securities initiated coverage on Xponential Fitness in a report on Thursday, January 23rd. They set a “market perform” rating and a $17.50 price objective for the company. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $15.28.

Xponential Fitness Stock Performance

Shares of XPOF stock opened at $7.45 on Friday. The company has a market cap of $360.05 million, a P/E ratio of -6.43 and a beta of 1.38. The stock has a 50 day simple moving average of $15.24 and a two-hundred day simple moving average of $14.16. Xponential Fitness has a fifty-two week low of $7.22 and a fifty-two week high of $18.95.

Xponential Fitness (NYSE:XPOF) last released its quarterly earnings data on Thursday, March 13th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.44 by ($0.63). The firm had revenue of $83.22 million for 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 company’s revenue was down 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.08 EPS. On average, research analysts predict that Xponential Fitness will post 0.61 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of XPOF. Nut Tree Capital Management LP grew its stake in Xponential Fitness by 5.0% in the 4th quarter. Nut Tree Capital Management LP now owns 3,151,722 shares of the company’s stock valued at $42,391,000 after purchasing an additional 150,000 shares during the period. Voss Capital LP grew its stake in Xponential Fitness by 3.6% in the 4th quarter. Voss Capital LP now owns 2,940,000 shares of the company’s stock valued at $39,543,000 after purchasing an additional 101,912 shares during the period. Ameriprise Financial Inc. grew its stake in Xponential Fitness by 5.7% in the 4th quarter. Ameriprise Financial Inc. now owns 1,711,592 shares of the company’s stock valued at $23,021,000 after purchasing an additional 92,477 shares during the period. Wasatch Advisors LP grew its stake in Xponential Fitness by 96.2% in the 3rd quarter. Wasatch Advisors LP now owns 1,152,972 shares of the company’s stock valued at $14,297,000 after purchasing an additional 565,451 shares during the period. Finally, Verition Fund Management LLC grew its stake in Xponential Fitness by 276.5% in the 3rd quarter. Verition Fund Management LLC now owns 692,729 shares of the company’s stock valued at $8,590,000 after purchasing an additional 508,715 shares during the period. Hedge funds and other 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.