Lake Street Capital Has Lowered Expectations for Xponential Fitness (NYSE:XPOF) Stock Price

Xponential Fitness (NYSE:XPOF) had its target price cut by equities researchers at Lake Street Capital from $20.00 to $16.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Lake Street Capital’s price objective would suggest a potential upside of 110.19% from the stock’s previous close.

A number of other analysts also recently weighed in on the stock. Northland Securities initiated coverage on shares of Xponential Fitness in a research report on Thursday, January 23rd. They issued a “market perform” rating and a $17.50 price target on the stock. B. Riley lowered their price target on Xponential Fitness from $12.00 to $9.00 and set a “neutral” rating for the company in a report on Friday. Northland Capmk upgraded shares of Xponential Fitness to a “hold” rating in a report on Thursday, January 23rd. Piper Sandler reduced their price objective on shares of Xponential Fitness from $16.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Stifel Nicolaus lowered Xponential Fitness from a “buy” rating to a “hold” rating and lowered their price target for the stock from $20.00 to $12.00 in a research 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $15.28.

Xponential Fitness Price Performance

Shares of NYSE XPOF traded down $4.51 during mid-day trading on Friday, hitting $7.61. The company’s stock had a trading volume of 4,573,959 shares, compared to its average volume of 572,455. Xponential Fitness has a one year low of $7.22 and a one year high of $18.95. The company’s fifty day simple moving average is $15.40 and its 200-day simple moving average is $14.19. The stock has a market cap of $367.68 million, a price-to-earnings ratio of -6.57 and a beta of 1.38.

Xponential Fitness (NYSE:XPOF) last issued 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). Xponential Fitness had a negative net margin of 9.15% and a negative return on equity of 4.37%. The business had revenue of $83.22 million for the quarter, compared to the consensus estimate of $81.12 million. During the same quarter in the previous year, the firm posted $0.08 EPS. The business’s revenue was down 6.8% on a year-over-year basis. On average, sell-side analysts predict that Xponential Fitness will post 0.61 EPS for the current year.

Institutional Investors Weigh In On Xponential Fitness

Several institutional investors have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in Xponential Fitness during the 4th quarter worth $29,000. Point72 Asset Management L.P. purchased a new stake in Xponential Fitness in the 4th quarter valued at about $46,000. AlphaQuest LLC lifted its position in shares of Xponential Fitness by 335.9% during the 4th quarter. AlphaQuest LLC now owns 4,843 shares of the company’s stock worth $65,000 after buying an additional 3,732 shares in the last quarter. Financial Management Professionals Inc. boosted its stake in shares of Xponential Fitness by 117.6% in the 4th quarter. Financial Management Professionals Inc. now owns 5,021 shares of the company’s stock worth $68,000 after buying an additional 2,714 shares during the last quarter. Finally, Asset Planning Inc bought a new position in shares of Xponential Fitness in the fourth quarter valued at approximately $71,000. Institutional investors own 58.55% of the company’s stock.

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.