Xponential Fitness (NYSE:XPOF – Get Rating) had its target price lifted by equities research analysts at B. Riley from $30.00 to $32.00 in a research note issued to investors on Friday, The Fly reports. B. Riley’s price objective would indicate a potential upside of 24.85% from the company’s current price.
A number of other analysts have also weighed in on XPOF. Raymond James upped their price objective on Xponential Fitness from $29.00 to $30.00 and gave the stock a “strong-buy” rating in a research report on Friday, November 11th. Morgan Stanley upped their price objective on Xponential Fitness from $25.00 to $26.00 and gave the stock an “overweight” rating in a research report on Friday, November 11th. Guggenheim upped their price objective on Xponential Fitness to $26.00 in a research report on Wednesday, November 16th. Citigroup assumed coverage on Xponential Fitness in a research report on Tuesday, December 6th. They set a “buy” rating and a $29.00 price objective on the stock. Finally, Piper Sandler upped their price objective on Xponential Fitness from $34.00 to $36.00 and gave the stock an “overweight” rating in a research report on Friday, November 11th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $30.63.
Xponential Fitness Stock Down 2.3 %
NYSE:XPOF opened at $25.63 on Friday. The stock’s fifty day moving average is $21.87 and its two-hundred day moving average is $18.87. Xponential Fitness has a 52 week low of $11.20 and a 52 week high of $26.90. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of -5.14, a price-to-earnings-growth ratio of 1.12 and a beta of 1.32.
Xponential Fitness (NYSE:XPOF – Get Rating) last released its quarterly earnings results on Thursday, November 10th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). Xponential Fitness had a negative return on equity of 28.11% and a negative net margin of 5.65%. The firm had revenue of $63.76 million for the quarter, compared to analyst estimates of $55.15 million. On average, sell-side analysts expect that Xponential Fitness will post 0.06 EPS for the current fiscal year.
Insider Activity at Xponential Fitness
In related news, EVP Megan Moen sold 4,633 shares of the stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $22.17, for a total value of $102,713.61. Following the transaction, the executive vice president now owns 36,659 shares of the company’s stock, valued at $812,730.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 15,933 shares of company stock valued at $346,058 over the last quarter. 69.33% of the stock is owned by insiders.
Hedge Funds Weigh In On Xponential Fitness
Several large investors have recently bought and sold shares of XPOF. Amalgamated Bank acquired a new position in Xponential Fitness in the first quarter valued at $32,000. Macquarie Group Ltd. boosted its stake in Xponential Fitness by 133.2% in the second quarter. Macquarie Group Ltd. now owns 2,696 shares of the company’s stock valued at $34,000 after acquiring an additional 1,540 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in Xponential Fitness in the second quarter valued at $34,000. Hillsdale Investment Management Inc. acquired a new position in Xponential Fitness in the third quarter valued at $82,000. Finally, American International Group Inc. boosted its stake in shares of 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 buying an additional 1,824 shares during the period. Institutional investors and hedge funds own 28.77% of the company’s stock.
Xponential Fitness Company Profile
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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