Xponential Fitness (NYSE:XPOF) Price Target Raised to $31.00

Xponential Fitness (NYSE:XPOF) had its target price lifted by B. Riley from $28.00 to $31.00 in a report issued on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts have also recently commented on the stock. Citigroup cut their price target on shares of Xponential Fitness from $23.00 to $21.00 and set a buy rating for the company in a research note on Monday, March 4th. Robert W. Baird reduced their price target on Xponential Fitness from $16.00 to $14.00 and set a neutral rating for the company in a report on Friday, March 1st. Stifel Nicolaus restated a buy rating and issued a $20.00 price objective on shares of Xponential Fitness in a research note on Friday, April 12th. Finally, Bank of America lifted their target price on Xponential Fitness from $13.00 to $15.50 and gave the stock a neutral rating in a research note on Wednesday, March 13th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $21.94.

Xponential Fitness Stock Performance

NYSE:XPOF opened at $11.53 on Friday. Xponential Fitness has a 52-week low of $8.30 and a 52-week high of $33.49. The company has a market cap of $547.56 million, a P/E ratio of -20.23 and a beta of 1.20. The stock’s 50-day simple moving average is $13.92 and its 200 day simple moving average is $12.90.

Xponential Fitness (NYSE:XPOF) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). Xponential Fitness had a net margin of 1.90% and a negative return on equity of 7.73%. The company had revenue of $79.52 million during the quarter, compared to the consensus estimate of $78.77 million. During the same quarter in the prior year, the business earned ($0.02) earnings per share. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. As a group, equities analysts predict that Xponential Fitness will post 1.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, President Sarah Luna sold 5,399 shares of Xponential Fitness 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 completion of the sale, the president now owns 265,247 shares of the company’s stock, valued at $2,655,122.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Anthony Geisler sold 17,901 shares of Xponential Fitness stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $9.93, for a total value of $177,756.93. Following the completion of the sale, the chief executive officer now directly owns 394,011 shares in the company, valued at $3,912,529.23. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, President Sarah Luna sold 5,399 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $10.01, for a total value of $54,043.99. Following the sale, the president now directly owns 265,247 shares in the company, valued at approximately $2,655,122.47. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,632 shares of company stock valued at $356,848. Insiders own 47.83% of the company’s stock.

Hedge Funds Weigh In On Xponential Fitness

Several hedge funds have recently bought and sold shares of the company. Raymond James & Associates boosted its holdings in shares of Xponential Fitness by 88.3% in the 3rd quarter. Raymond James & Associates now owns 46,565 shares of the company’s stock valued at $722,000 after purchasing an additional 21,836 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Xponential Fitness by 11.8% in the third quarter. Bank of New York Mellon Corp now owns 94,922 shares of the company’s stock valued at $1,471,000 after buying an additional 10,039 shares in the last quarter. Chicago Capital LLC boosted its stake in Xponential Fitness by 80.3% in the third quarter. Chicago Capital LLC now owns 21,443 shares of the company’s stock valued at $332,000 after buying an additional 9,550 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Xponential Fitness by 39.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,645 shares of the company’s stock valued at $87,000 after acquiring an additional 1,598 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its stake in Xponential Fitness by 4.8% during the third quarter. Los Angeles Capital Management LLC now owns 72,575 shares of the company’s stock worth $1,125,000 after acquiring an additional 3,308 shares in 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.