Piper Sandler Boosts Xponential Fitness (NYSE:XPOF) Price Target to $36.00

Xponential Fitness (NYSE:XPOFGet Rating) had its price target lifted by Piper Sandler from $34.00 to $36.00 in a report released on Friday, The Fly reports. Piper Sandler currently has an overweight rating on the stock.

Several other analysts also recently weighed in on XPOF. Raymond James lifted their target price on shares of Xponential Fitness from $27.00 to $29.00 and gave the company a strong-buy rating in a report on Friday, August 12th. B. Riley assumed coverage on shares of Xponential Fitness in a report on Thursday, September 15th. They issued a buy rating and a $29.00 target price on the stock. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Buy and an average target price of $30.43.

Xponential Fitness Price Performance

Shares of Xponential Fitness stock opened at $20.75 on Friday. The company’s fifty day moving average is $19.10 and its two-hundred day moving average is $17.08. Xponential Fitness has a 1 year low of $11.20 and a 1 year high of $26.90.

Xponential Fitness (NYSE:XPOFGet Rating) last issued its earnings results on Thursday, August 11th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.28). The firm had revenue of $59.56 million during the quarter, compared to analysts’ expectations of $49.22 million. Xponential Fitness had a negative net margin of 5.65% and a negative return on equity of 27.64%. On average, sell-side analysts anticipate that Xponential Fitness will post 0.05 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Megan Moen sold 10,000 shares of the business’s stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $20.09, for a total transaction of $200,900.00. Following the sale, the executive vice president now owns 59,159 shares of the company’s stock, valued at $1,188,504.31. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 69.33% of the stock is owned by insiders.

Hedge Funds Weigh In On Xponential Fitness

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Amalgamated Bank acquired a new position in Xponential Fitness during the first quarter worth about $32,000. Macquarie Group Ltd. raised its position in Xponential Fitness by 133.2% during the second quarter. Macquarie Group Ltd. now owns 2,696 shares of the company’s stock worth $34,000 after acquiring an additional 1,540 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in Xponential Fitness during the second quarter worth about $34,000. Hillsdale Investment Management Inc. acquired a new position in Xponential Fitness during the third quarter worth about $82,000. Finally, American International Group Inc. raised its position in Xponential Fitness by 29.8% during the second quarter. American International Group Inc. now owns 7,939 shares of the company’s stock worth $100,000 after acquiring an additional 1,824 shares during the last quarter. Institutional investors and hedge funds own 66.57% of the company’s stock.

Xponential Fitness Company Profile

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Xponential Fitness, Inc, through its subsidiaries, operates as a boutique fitness franchisor in the United States and internationally. The company offers fitness and wellness services, including pilates, barre, cycling, stretching, rowing, yoga, boxing, dancing, running, and functional training under the Club Pilates, Pure Barre, CycleBar, StretchLab, Row House, YogaSix, Rumble, AKT, Stride, and BFT brands.

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