Raymond James Cuts Xponential Fitness (NYSE:XPOF) Price Target to $15.00

Xponential Fitness (NYSE:XPOF) had its price objective trimmed by Raymond James from $16.00 to $15.00 in a report issued on Friday morning,Benzinga reports. The firm currently has a strong-buy rating on the stock.

A number of other brokerages also recently issued reports on XPOF. Stifel Nicolaus downgraded Xponential Fitness from a “buy” rating to a “hold” rating and cut their price target for the company from $20.00 to $12.00 in a report on Friday, March 14th. B. Riley decreased their price objective on Xponential Fitness from $12.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, March 14th. Northland Securities began coverage on Xponential Fitness in a report on Thursday, January 23rd. They issued a “market perform” rating and a $17.50 price objective for the company. Northland Capmk upgraded Xponential Fitness to a “hold” rating in a research note on Thursday, January 23rd. Finally, Piper Sandler cut their price objective on Xponential Fitness from $16.00 to $9.00 and set a “neutral” 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 issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $14.72.

Xponential Fitness Price Performance

NYSE XPOF opened at $8.10 on Friday. The stock has a market capitalization of $392.72 million, a PE ratio of -6.98 and a beta of 1.57. The business has a 50 day simple moving average of $8.57 and a two-hundred day simple moving average of $12.76. Xponential Fitness has a 1-year low of $6.64 and a 1-year high of $18.95.

Xponential Fitness (NYSE:XPOF) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $75.37 million. During the same period in the previous year, the business earned $0.16 earnings per share. Xponential Fitness’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, analysts anticipate that Xponential Fitness will post 0.61 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in Xponential Fitness during the fourth quarter worth $29,000. Point72 Asset Management L.P. acquired a new stake in shares of Xponential Fitness in the fourth quarter valued at $46,000. AlphaQuest LLC raised its stake in shares of Xponential Fitness by 335.9% in the fourth quarter. AlphaQuest LLC now owns 4,843 shares of the company’s stock valued at $65,000 after acquiring 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 fourth quarter. Financial Management Professionals Inc. now owns 5,021 shares of the company’s stock valued at $68,000 after acquiring an additional 2,714 shares in the last quarter. Finally, Asset Planning Inc acquired a new stake in shares of Xponential Fitness in the fourth quarter valued at $71,000. 58.55% of the stock is currently owned by institutional investors and hedge funds.

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.