Xponential Fitness (NYSE:XPOF) Stock Rating Reaffirmed by Stifel Nicolaus

Xponential Fitness (NYSE:XPOF)‘s stock had its “buy” rating reissued by investment analysts at Stifel Nicolaus in a research report issued on Friday, Benzinga reports. They currently have a $20.00 price target on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 38.99% from the company’s previous close.

A number of other equities analysts also recently commented on the company. Robert W. Baird decreased their target price on Xponential Fitness from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, March 1st. Bank of America lifted their target price on Xponential Fitness from $13.00 to $15.50 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Piper Sandler restated a “neutral” rating and issued a $13.00 target price (down from $21.00) on shares of Xponential Fitness in a research note on Wednesday, January 3rd. Finally, Citigroup decreased their target price on Xponential Fitness from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Monday, March 4th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Xponential Fitness has an average rating of “Moderate Buy” and a consensus price target of $23.06.

Xponential Fitness Trading Down 3.2 %

Shares of XPOF opened at $14.39 on Friday. The firm has a market capitalization of $683.38 million, a P/E ratio of -8.72 and a beta of 1.09. The stock’s fifty day simple moving average is $13.17 and its 200 day simple moving average is $13.14. Xponential Fitness has a twelve month low of $8.30 and a twelve month high of $33.58.

Xponential Fitness (NYSE:XPOF) last issued its earnings results on Thursday, February 29th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.03). Xponential Fitness had a negative return on equity of 16.60% and a negative net margin of 0.28%. The firm had revenue of $90.20 million during the quarter, compared to analysts’ expectations of $81.71 million. During the same period last year, the business posted $0.11 earnings per share. The company’s quarterly revenue was up 26.6% compared to the same quarter last year. Sell-side analysts predict that Xponential Fitness will post 1.11 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Andrew Hagopian sold 5,260 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $10.06, for a total value of $52,915.60. Following the completion of the sale, the insider now directly owns 228,390 shares in the company, valued at $2,297,603.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Xponential Fitness news, insider Andrew Hagopian sold 5,260 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $10.06, for a total transaction of $52,915.60. Following the completion of the transaction, the insider now owns 228,390 shares of the company’s stock, valued at approximately $2,297,603.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Sarah Luna sold 5,399 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $10.01, for a total transaction of $54,043.99. Following the transaction, the president now directly owns 265,247 shares of the company’s stock, valued at approximately $2,655,122.47. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,632 shares of company stock worth $356,848. Corporate insiders own 47.86% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in XPOF. Voss Capital LLC acquired a new position in Xponential Fitness in the fourth quarter worth about $29,776,000. Ameriprise Financial Inc. raised its position in Xponential Fitness by 103.7% in the first quarter. Ameriprise Financial Inc. now owns 2,238,139 shares of the company’s stock worth $68,017,000 after purchasing an additional 1,139,511 shares in the last quarter. MSD Partners L.P. raised its position in Xponential Fitness by 116.2% in the third quarter. MSD Partners L.P. now owns 1,761,319 shares of the company’s stock worth $27,300,000 after purchasing an additional 946,757 shares in the last quarter. BlackRock Inc. raised its position in Xponential Fitness by 17.8% in the second quarter. BlackRock Inc. now owns 1,645,740 shares of the company’s stock worth $28,389,000 after purchasing an additional 248,593 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its position in Xponential Fitness by 22.0% in the third quarter. Eagle Asset Management Inc. now owns 1,372,839 shares of the company’s stock worth $21,279,000 after purchasing an additional 247,115 shares in the last quarter. Institutional investors and hedge funds own 58.55% of the company’s stock.

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.