Analysts Set Xponential Fitness, Inc. (NYSE:XPOF) Price Target at $23.06

Shares of Xponential Fitness, Inc. (NYSE:XPOF) have received an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $23.06.

XPOF has been the topic of a number of recent research reports. Stifel Nicolaus lifted their target price on shares of Xponential Fitness from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Robert W. Baird dropped their target price on shares of Xponential Fitness from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, March 1st. Citigroup decreased their price target on shares of Xponential Fitness from $23.00 to $21.00 and set a “buy” rating on the stock in a research report on Monday, March 4th. Bank of America raised their price target on shares of Xponential Fitness from $13.00 to $15.50 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Finally, Piper Sandler reissued a “neutral” rating and issued a $13.00 target price (down previously from $21.00) on shares of Xponential Fitness in a research note on Wednesday, January 3rd.

Xponential Fitness Stock Performance

Shares of NYSE:XPOF opened at $16.01 on Monday. The stock has a market capitalization of $760.31 million, a price-to-earnings ratio of -9.70 and a beta of 0.93. Xponential Fitness has a 1-year low of $8.30 and a 1-year high of $33.58. The company has a 50 day moving average price of $12.28 and a 200 day moving average price of $13.32.

Xponential Fitness (NYSE:XPOF) last issued its earnings results on Thursday, February 29th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The company had revenue of $90.20 million for the quarter, compared to analyst estimates of $81.71 million. Xponential Fitness had a negative net margin of 0.28% and a negative return on equity of 16.60%. The company’s quarterly revenue was up 26.6% on a year-over-year basis. During the same period last year, the business earned $0.11 EPS. On average, sell-side analysts expect that Xponential Fitness will post 1.11 EPS for the current fiscal year.

Insider Transactions at Xponential Fitness

In other news, CEO Anthony Geisler sold 17,901 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $9.93, for a total transaction of $177,756.93. Following the transaction, the chief executive officer now directly owns 394,011 shares in the company, valued at $3,912,529.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, President Sarah Luna sold 5,399 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $10.01, for a total value of $54,043.99. Following the transaction, the president now directly owns 265,247 shares in the company, valued at $2,655,122.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Anthony Geisler sold 17,901 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $9.93, for a total transaction of $177,756.93. Following the completion of the transaction, the chief executive officer now owns 394,011 shares in the company, valued at $3,912,529.23. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,632 shares of company stock worth $356,848. Corporate insiders own 47.86% of the company’s stock.

Hedge Funds Weigh In On Xponential Fitness

Several large investors have recently bought and sold shares of XPOF. Voss Capital LLC acquired a new position in Xponential Fitness in the fourth quarter valued at approximately $29,776,000. Ameriprise Financial Inc. raised its holdings 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 during the period. MSD Partners L.P. raised its holdings 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 during the period. Ophir Asset Management Pty Ltd acquired a new stake in Xponential Fitness in the second quarter worth $14,849,000. Finally, FMR LLC raised its holdings in Xponential Fitness by 2,553.4% in the first quarter. FMR LLC now owns 808,423 shares of the company’s stock worth $24,568,000 after purchasing an additional 777,955 shares during the period. 58.55% of the stock is currently owned by institutional investors and hedge funds.

Xponential Fitness Company Profile

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.