Xponential Fitness (NYSE:XPOF) PT Raised to $14.00 at Piper Sandler

Xponential Fitness (NYSE:XPOF) had its price target raised by analysts at Piper Sandler from $9.00 to $14.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s target price would indicate a potential downside of 15.20% from the stock’s current price.

XPOF has been the subject of a number of other reports. Roth Mkm started coverage on Xponential Fitness in a research report on Monday, June 17th. They set a “buy” rating and a $22.00 price objective for the company. B. Riley raised their price objective on Xponential Fitness from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Guggenheim raised their price objective on Xponential Fitness from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Stifel Nicolaus reissued a “buy” rating and set a $20.00 price target on shares of Xponential Fitness in a research report on Friday, April 12th. Finally, Roth Capital raised Xponential Fitness to a “strong-buy” rating in a research report on Monday, June 17th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $21.55.

Xponential Fitness Stock Performance

NYSE XPOF opened at $16.51 on Thursday. The stock’s fifty day moving average is $12.33 and its two-hundred day moving average is $12.60. The firm has a market capitalization of $793.67 million, a P/E ratio of -28.96 and a beta of 1.23. Xponential Fitness has a fifty-two week low of $7.40 and a fifty-two week high of $24.00.

Xponential Fitness (NYSE:XPOF) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.16 EPS 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 7.65%. The business had revenue of $79.52 million during the quarter, compared to analyst estimates of $78.77 million. During the same period last year, the company earned ($0.02) EPS. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. As a group, sell-side analysts forecast that Xponential Fitness will post 0.95 EPS for the current year.

Hedge Funds Weigh In On Xponential Fitness

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Graham Capital Management L.P. lifted its position in shares of Xponential Fitness by 50.2% during the 3rd quarter. Graham Capital Management L.P. now owns 22,783 shares of the company’s stock valued at $353,000 after acquiring an additional 7,618 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Xponential Fitness by 0.4% during the third quarter. Vanguard Group Inc. now owns 1,325,963 shares of the company’s stock worth $20,552,000 after acquiring an additional 5,245 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Xponential Fitness during the third quarter worth $463,000. Harbor Capital Advisors Inc. raised its holdings in shares of Xponential Fitness by 63.8% during the fourth 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. Finally, Chicago Capital LLC increased its position in Xponential Fitness by 82.3% during the fourth quarter. Chicago Capital LLC now owns 39,089 shares of the company’s stock worth $504,000 after buying an additional 17,646 shares during the last quarter. 58.55% of the stock is owned by institutional investors.

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.