Xponential Fitness (NYSE:XPOF) Price Target Lowered to $16.00 at Lake Street Capital

Xponential Fitness (NYSE:XPOF) had its price target trimmed by Lake Street Capital from $20.00 to $16.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities analysts have also recently issued reports about the stock. Stifel Nicolaus cut shares of Xponential Fitness from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $20.00 to $12.00 in a research report on Friday. B. Riley lowered their price objective on shares of Xponential Fitness from $12.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday. Piper Sandler lowered their price objective on shares of Xponential Fitness from $16.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday. Northland Capmk upgraded shares of Xponential Fitness to a “hold” rating in a research report on Thursday, January 23rd. Finally, Northland Securities initiated coverage on shares of Xponential Fitness in a research report on Thursday, January 23rd. They issued a “market perform” rating and a $17.50 price target for the company. Six equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Xponential Fitness presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.28.

Xponential Fitness Trading Down 38.5 %

Shares of Xponential Fitness stock opened at $7.45 on Friday. The company has a 50 day moving average of $15.24 and a 200-day moving average of $14.15. Xponential Fitness has a 1-year low of $7.22 and a 1-year high of $18.95. The company has a market cap of $360.05 million, a PE ratio of -6.43 and a beta of 1.38.

Xponential Fitness (NYSE:XPOF) last issued its quarterly earnings results on Thursday, March 13th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 4.37% and a negative net margin of 9.15%. The business’s revenue was down 6.8% on a year-over-year basis. During the same period last year, the company posted $0.08 EPS. Research analysts forecast that Xponential Fitness will post 0.61 earnings per share for the current year.

Institutional Investors Weigh In On Xponential Fitness

A number of institutional investors have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in Xponential Fitness during the fourth quarter worth $29,000. Point72 Asset Management L.P. bought a new position in Xponential Fitness during the fourth quarter worth $46,000. AlphaQuest LLC boosted its stake in Xponential Fitness by 335.9% during the fourth quarter. AlphaQuest LLC now owns 4,843 shares of the company’s stock worth $65,000 after acquiring an additional 3,732 shares in the last quarter. Financial Management Professionals Inc. boosted its stake in Xponential Fitness by 117.6% during the fourth quarter. Financial Management Professionals Inc. now owns 5,021 shares of the company’s stock worth $68,000 after acquiring an additional 2,714 shares in the last quarter. Finally, Asset Planning Inc bought a new position in Xponential Fitness during the fourth quarter worth $71,000. 58.55% of the stock is owned by 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.