Xponential Fitness, Inc. (NYSE:XPOF) Receives $23.06 Average Price Target from Brokerages

Xponential Fitness, Inc. (NYSE:XPOF) has been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $23.06.

XPOF has been the subject of several analyst reports. Citigroup lowered their target price on Xponential Fitness from $23.00 to $21.00 and set a “buy” rating for the company in a research report on Monday, March 4th. Bank of America raised their target price on Xponential Fitness from $13.00 to $15.50 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Piper Sandler reaffirmed a “neutral” rating and set a $13.00 target price (down from $21.00) on shares of Xponential Fitness in a research report on Wednesday, January 3rd. Robert W. Baird lowered their price objective on Xponential Fitness from $16.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, March 1st. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $20.00 price objective on shares of Xponential Fitness in a research report on Friday, April 12th.

Xponential Fitness Stock Performance

Shares of XPOF opened at $13.15 on Friday. Xponential Fitness has a 52 week low of $8.30 and a 52 week high of $33.58. The stock has a market capitalization of $624.49 million, a price-to-earnings ratio of -7.97 and a beta of 1.09. The stock has a fifty day moving average of $13.44 and a 200-day moving average of $13.05.

Xponential Fitness (NYSE:XPOF) last announced its earnings results on Thursday, February 29th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.03). The company had revenue of $90.20 million for the quarter, compared to the consensus estimate of $81.71 million. Xponential Fitness had a negative return on equity of 16.60% and a negative net margin of 0.28%. The firm’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.11 earnings per share. As a group, equities analysts forecast that Xponential Fitness will post 1.11 EPS for the current year.

Insider Activity

In other news, CFO John P. Meloun sold 6,160 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $10.09, for a total value of $62,154.40. Following the completion of the sale, the chief financial officer now directly owns 245,003 shares in the company, valued at approximately $2,472,080.27. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO John P. Meloun sold 6,160 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $10.09, for a total value of $62,154.40. Following the completion of the sale, the chief financial officer now directly owns 245,003 shares in the company, valued at approximately $2,472,080.27. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Sarah Luna sold 5,399 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $10.01, for a total value of $54,043.99. Following the completion of the sale, the president now owns 265,247 shares of the company’s stock, valued at $2,655,122.47. The disclosure for this sale can be found here. Insiders sold a total of 35,632 shares of company stock worth $356,848 in the last three months. Company insiders own 47.86% of the company’s stock.

Hedge Funds Weigh In On Xponential Fitness

A number of hedge funds have recently added to or reduced their stakes in XPOF. Bank of New York Mellon Corp boosted its stake in Xponential Fitness by 136.5% during the 1st quarter. Bank of New York Mellon Corp now owns 62,171 shares of the company’s stock valued at $1,457,000 after purchasing an additional 35,885 shares during the last quarter. MetLife Investment Management LLC acquired a new position in Xponential Fitness during the 1st quarter valued at about $192,000. Rhumbline Advisers acquired a new position in Xponential Fitness during the 1st quarter valued at about $247,000. BlackRock Inc. boosted its stake in Xponential Fitness by 14.9% during the 1st quarter. BlackRock Inc. now owns 677,709 shares of the company’s stock valued at $15,886,000 after purchasing an additional 87,975 shares during the last quarter. Finally, Vontobel Holding Ltd. acquired a new position in Xponential Fitness during the 1st quarter valued at about $448,000. 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.