B. Riley Has Lowered Expectations for Xponential Fitness (NYSE:XPOF) Stock Price

Xponential Fitness (NYSE:XPOF) had its target price lowered by investment analysts at B. Riley from $12.00 to $9.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. B. Riley’s price target would indicate a potential downside of 26.65% from the company’s previous close.

A number of other brokerages have also issued reports on XPOF. Northland Securities started coverage on Xponential Fitness in a research report on Thursday, January 23rd. They set a “market perform” rating and a $17.50 target price on the stock. Stifel Nicolaus downgraded Xponential Fitness from a “buy” rating to a “hold” rating and reduced their price objective for the company from $20.00 to $12.00 in a research note on Friday. Northland Capmk raised Xponential Fitness to a “hold” rating in a research note on Thursday, January 23rd. Finally, Piper Sandler cut their target price on Xponential Fitness from $16.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Xponential Fitness has an average rating of “Moderate Buy” and an average price target of $15.19.

Xponential Fitness Trading Up 1.2 %

Xponential Fitness stock opened at $12.27 on Friday. Xponential Fitness has a 12 month low of $7.40 and a 12 month high of $18.95. The stock’s 50 day simple moving average is $15.40 and its two-hundred day simple moving average is $14.19. The firm has a market cap of $592.68 million, a PE ratio of -10.58 and a beta of 1.38.

Institutional Trading of Xponential Fitness

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Nut Tree Capital Management LP raised its holdings in Xponential Fitness by 5.0% in the 4th quarter. Nut Tree Capital Management LP now owns 3,151,722 shares of the company’s stock valued at $42,391,000 after buying an additional 150,000 shares during the period. Voss Capital LP raised its holdings in Xponential Fitness by 3.6% in the 4th quarter. Voss Capital LP now owns 2,940,000 shares of the company’s stock valued at $39,543,000 after buying an additional 101,912 shares during the period. Ameriprise Financial Inc. raised its holdings in Xponential Fitness by 5.7% in the 4th quarter. Ameriprise Financial Inc. now owns 1,711,592 shares of the company’s stock valued at $23,021,000 after buying an additional 92,477 shares during the period. Wasatch Advisors LP raised its holdings in Xponential Fitness by 96.2% in the 3rd quarter. Wasatch Advisors LP now owns 1,152,972 shares of the company’s stock valued at $14,297,000 after buying an additional 565,451 shares during the period. Finally, Verition Fund Management LLC raised its holdings in Xponential Fitness by 276.5% in the 3rd quarter. Verition Fund Management LLC now owns 692,729 shares of the company’s stock valued at $8,590,000 after buying an additional 508,715 shares during the period. 58.55% of the stock is 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.