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

Xponential Fitness (NYSE:XPOF) had its price target lifted by B. Riley from $28.00 to $31.00 in a research report released on Friday morning, Benzinga reports. B. Riley currently has a buy rating on the stock.

Several other equities analysts also recently commented on XPOF. Bank of America raised their target price on Xponential Fitness from $13.00 to $15.50 and gave the stock a neutral rating in a research report on Wednesday, March 13th. Citigroup reduced their target price on shares of Xponential Fitness from $23.00 to $21.00 and set a buy rating on the stock in a research note on Monday, March 4th. Robert W. Baird dropped their target price 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, Stifel Nicolaus restated a buy rating and issued a $20.00 price target on shares of Xponential Fitness in a research report on Friday, April 12th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Xponential Fitness has a consensus rating of Moderate Buy and an average price target of $21.94.

Xponential Fitness Price Performance

Shares of XPOF stock opened at $12.16 on Friday. Xponential Fitness has a one year low of $8.30 and a one year high of $30.15. The stock has a fifty day moving average price of $13.92 and a 200 day moving average price of $12.90. The stock has a market cap of $577.47 million, a P/E ratio of -21.33 and a beta of 1.20.

Xponential Fitness (NYSE:XPOF) last issued its earnings results on Thursday, May 2nd. The company reported $0.16 earnings per share 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 business had revenue of $79.52 million for the quarter, compared to analyst estimates of $78.77 million. During the same quarter last year, the firm posted ($0.02) earnings per share. Xponential Fitness’s revenue was up 12.5% on a year-over-year basis. Equities research analysts anticipate that Xponential Fitness will post 1.11 EPS for the current year.

Insider Buying and Selling at Xponential Fitness

In related news, CEO Anthony Geisler sold 17,901 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 394,011 shares of the company’s stock, valued at $3,912,529.23. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Anthony Geisler sold 17,901 shares of Xponential Fitness stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $9.93, for a total value of $177,756.93. Following the completion of the sale, the chief executive officer now directly owns 394,011 shares in the company, valued at $3,912,529.23. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO John P. Meloun sold 6,160 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $10.09, for a total transaction of $62,154.40. Following the sale, the chief financial officer now owns 245,003 shares of the company’s stock, valued at approximately $2,472,080.27. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,632 shares of company stock worth $356,848. 47.83% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Xponential Fitness

Several institutional investors and hedge funds have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Xponential Fitness by 39.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,645 shares of the company’s stock valued at $87,000 after purchasing an additional 1,598 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Xponential Fitness in the 4th quarter valued at approximately $143,000. Quest Partners LLC bought a new stake in Xponential Fitness in the 4th quarter valued at approximately $174,000. Versor Investments LP acquired a new position in Xponential Fitness during the 4th quarter worth approximately $240,000. Finally, Harbor Capital Advisors Inc. grew its stake in shares of Xponential Fitness by 63.8% during the 4th quarter. Harbor Capital Advisors Inc. now owns 19,521 shares of the company’s stock worth $252,000 after acquiring an additional 7,605 shares in the last quarter. 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.