Lake Street Capital Issues Pessimistic Forecast for Xponential Fitness (NYSE:XPOF) Stock Price

Xponential Fitness (NYSE:XPOF) had its target price decreased by Lake Street Capital from $20.00 to $16.00 in a research report released on Friday morning,Benzinga reports. Lake Street Capital currently has a buy rating on the stock.

Several other brokerages also recently commented on XPOF. B. Riley lowered their target price on shares of Xponential Fitness from $12.00 to $9.00 and set a “neutral” rating for the company in a report on Friday. Northland Securities initiated coverage on shares of Xponential Fitness in a report on Thursday, January 23rd. They issued a “market perform” rating and a $17.50 target price for the company. Northland Capmk upgraded shares of Xponential Fitness to a “hold” rating in a report on Thursday, January 23rd. Stifel Nicolaus downgraded shares of Xponential Fitness from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $20.00 to $12.00 in a report on Friday. Finally, Piper Sandler decreased their price objective on shares of Xponential Fitness from $16.00 to $9.00 and set a “neutral” rating for the company in a report on Friday. Six research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Xponential Fitness presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.28.

Xponential Fitness Trading Down 38.5 %

Xponential Fitness stock opened at $7.45 on Friday. Xponential Fitness has a 1-year low of $7.22 and a 1-year high of $18.95. The firm has a market capitalization of $360.05 million, a price-to-earnings ratio of -6.43 and a beta of 1.38. The firm’s fifty day moving average price is $15.24 and its two-hundred day moving average price is $14.15.

Xponential Fitness (NYSE:XPOF) last announced its earnings results on Thursday, March 13th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.44 by ($0.63). The firm had revenue of $83.22 million during the quarter, compared to analysts’ expectations of $81.12 million. Xponential Fitness had a negative net margin of 9.15% and a negative return on equity of 4.37%. The business’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.08 EPS. On average, research analysts forecast that Xponential Fitness will post 0.61 EPS for the current year.

Hedge Funds Weigh In On Xponential Fitness

Several large investors have recently modified their holdings of XPOF. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Xponential Fitness in the fourth quarter valued at approximately $29,000. Point72 Asset Management L.P. bought a new position in shares of Xponential Fitness in the fourth quarter valued at approximately $46,000. Prospect Capital Advisors LLC bought a new position in shares of Xponential Fitness in the fourth quarter valued at approximately $2,590,000. Nomura Holdings Inc. bought a new position in shares of Xponential Fitness in the fourth quarter valued at approximately $794,000. Finally, Deutsche Bank AG boosted its position in shares of Xponential Fitness by 3.0% in the fourth quarter. Deutsche Bank AG now owns 287,892 shares of the company’s stock valued at $3,872,000 after acquiring an additional 8,267 shares during the period. Hedge funds and other institutional investors 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.