Robert W. Baird Lowers Xponential Fitness (NYSE:XPOF) Price Target to $15.00

Xponential Fitness (NYSE:XPOF) had its target price cut by Robert W. Baird from $16.00 to $15.00 in a research report sent to investors on Friday, Benzinga reports. They currently have a neutral rating on the stock.

Several other research analysts have also recently issued reports on the company. Stifel Nicolaus reaffirmed a buy rating and set a $20.00 price objective on shares of Xponential Fitness in a research report on Friday, April 12th. Roth Capital raised Xponential Fitness to a strong-buy rating in a report on Monday, June 17th. Piper Sandler reissued a neutral rating and issued a $13.00 target price (down from $14.00) on shares of Xponential Fitness in a report on Friday. B. Riley boosted their target price on Xponential Fitness from $28.00 to $31.00 and gave the company a buy rating in a report on Friday, May 3rd. Finally, Guggenheim boosted their target price on Xponential Fitness from $18.00 to $20.00 and gave the company a buy rating in a report on Tuesday, June 18th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Xponential Fitness has a consensus rating of Moderate Buy and an average price target of $18.25.

Xponential Fitness Price Performance

XPOF opened at $13.71 on Friday. Xponential Fitness has a 12 month low of $7.40 and a 12 month high of $23.93. The stock has a market capitalization of $659.07 million, a price-to-earnings ratio of -24.05 and a beta of 1.23. The business has a fifty day moving average price of $14.73 and a 200 day moving average price of $13.19.

Xponential Fitness (NYSE:XPOF) last released its quarterly earnings data on Thursday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.22). The business had revenue of $76.50 million for the quarter, compared to analyst estimates of $83.63 million. Xponential Fitness had a negative return on equity of 9.53% and a negative net margin of 6.51%. The company’s revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.07 earnings per share. On average, research analysts anticipate that Xponential Fitness will post 0.92 earnings per share for the current year.

Hedge Funds Weigh In On Xponential Fitness

A number of large investors have recently modified their holdings of the business. nVerses Capital LLC purchased a new position in shares of Xponential Fitness during the 2nd quarter worth approximately $34,000. Principal Financial Group Inc. raised its stake in shares of Xponential Fitness by 13.1% during the 2nd quarter. Principal Financial Group Inc. now owns 19,021 shares of the company’s stock worth $297,000 after buying an additional 2,203 shares in the last quarter. Aigen Investment Management LP raised its stake in shares of Xponential Fitness by 11.3% during the 4th quarter. Aigen Investment Management LP now owns 26,360 shares of the company’s stock worth $340,000 after buying an additional 2,684 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Xponential Fitness by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,325,963 shares of the company’s stock worth $20,552,000 after buying an additional 5,245 shares in the last quarter. Finally, Dnca Finance purchased a new position in shares of Xponential Fitness during the 2nd quarter worth approximately $107,000. 58.55% of the stock is owned by hedge funds and other institutional investors.

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.