Xponential Fitness (NYSE:XPOF) Price Target Increased to $12.00 by Analysts at B. Riley

Xponential Fitness (NYSE:XPOF) had its target price increased by B. Riley from $9.00 to $12.00 in a research note published on Monday morning, Marketbeat.com reports. The firm currently has a neutral rating on the stock. B. Riley also issued estimates for Xponential Fitness’ Q3 2024 earnings at $0.17 EPS and Q4 2024 earnings at $0.38 EPS.

A number of other equities analysts also recently issued reports on the company. Guggenheim raised their price objective on Xponential Fitness from $18.00 to $20.00 and gave the stock a buy rating in a research report on Tuesday, June 18th. Piper Sandler restated a neutral rating and set a $13.00 price target (down previously from $14.00) on shares of Xponential Fitness in a report on Friday. Stifel Nicolaus reiterated a buy rating and set a $20.00 price objective on shares of Xponential Fitness in a research report on Friday, April 12th. Robert W. Baird dropped their target price on shares of Xponential Fitness from $16.00 to $15.00 and set a neutral rating on the stock in a report on Friday. Finally, Roth Mkm cut their target price on Xponential Fitness from $22.00 to $19.00 and set a buy rating on the stock in a research report on Friday. Four analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $18.25.

Xponential Fitness Price Performance

NYSE:XPOF traded up $0.15 during trading hours on Monday, hitting $13.86. The company’s stock had a trading volume of 949,880 shares, compared to its average volume of 796,933. The stock has a fifty day simple moving average of $14.73 and a 200-day simple moving average of $13.19. Xponential Fitness has a twelve month low of $7.40 and a twelve month high of $23.93. The company has a market capitalization of $666.28 million, a P/E ratio of -24.05 and a beta of 1.23.

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

Institutional Investors Weigh In On Xponential Fitness

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Voss Capital LLC acquired a new position in Xponential Fitness during the 4th quarter valued at about $29,776,000. Vanguard Group Inc. raised its holdings in shares of Xponential Fitness by 0.4% in the third quarter. Vanguard Group Inc. now owns 1,325,963 shares of the company’s stock valued at $20,552,000 after purchasing an additional 5,245 shares during the last quarter. Kent Lake Capital LLC boosted its holdings in Xponential Fitness by 276.0% during the first quarter. Kent Lake Capital LLC now owns 882,443 shares of the company’s stock worth $14,596,000 after purchasing an additional 647,743 shares during the last quarter. Nut Tree Capital Management LP grew its position in Xponential Fitness by 74.3% in the 1st quarter. Nut Tree Capital Management LP now owns 250,000 shares of the company’s stock worth $4,135,000 after purchasing an additional 106,587 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its stake in Xponential Fitness by 204.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 221,151 shares of the company’s stock valued at $2,851,000 after buying an additional 148,576 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.