B. Riley Has Lowered Expectations for Xponential Fitness (NYSE:XPOF) Stock Price

Xponential Fitness (NYSE:XPOF) had its price target lowered by equities research analysts at B. Riley from $12.00 to $9.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. B. Riley’s price target points to a potential downside of 26.65% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Piper Sandler dropped their target price on Xponential Fitness from $16.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday. Northland Securities assumed coverage on Xponential Fitness in a research report on Thursday, January 23rd. They issued a “market perform” rating and a $17.50 target price for the company. Northland Capmk raised Xponential Fitness to a “hold” rating in a research report on Thursday, January 23rd. Finally, Stifel Nicolaus downgraded Xponential Fitness from a “buy” rating to a “hold” rating and dropped their target price for the company from $20.00 to $12.00 in a research report on Friday. Six analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $15.19.

Xponential Fitness Price Performance

NYSE XPOF opened at $12.27 on Friday. The company has a market cap of $592.68 million, a P/E ratio of -10.58 and a beta of 1.38. The stock has a 50-day moving average of $15.40 and a two-hundred day moving average of $14.19. Xponential Fitness has a 1-year low of $7.40 and a 1-year high of $18.95.

Hedge Funds Weigh In On Xponential Fitness

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Nut Tree Capital Management LP grew its position in shares of Xponential Fitness by 5.0% during the fourth quarter. Nut Tree Capital Management LP now owns 3,151,722 shares of the company’s stock worth $42,391,000 after buying an additional 150,000 shares in the last quarter. Voss Capital LP lifted its stake in Xponential Fitness by 3.6% during the fourth quarter. Voss Capital LP now owns 2,940,000 shares of the company’s stock worth $39,543,000 after purchasing an additional 101,912 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Xponential Fitness by 5.7% during the fourth quarter. Ameriprise Financial Inc. now owns 1,711,592 shares of the company’s stock worth $23,021,000 after purchasing an additional 92,477 shares during the last quarter. Wasatch Advisors LP lifted its stake in Xponential Fitness by 96.2% during the third quarter. Wasatch Advisors LP now owns 1,152,972 shares of the company’s stock worth $14,297,000 after purchasing an additional 565,451 shares during the last quarter. Finally, Verition Fund Management LLC lifted its stake in Xponential Fitness by 276.5% during the third quarter. Verition Fund Management LLC now owns 692,729 shares of the company’s stock worth $8,590,000 after purchasing an additional 508,715 shares during the last quarter. 58.55% of the stock is 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.