Stifel Nicolaus Reiterates "Buy" Rating for Xponential Fitness (NYSE:XPOF)

Xponential Fitness (NYSE:XPOF - Get Free Report)'s stock had its "buy" rating restated by analysts at Stifel Nicolaus in a report released on Friday, Benzinga reports. They presently have a $20.00 price target on the stock. Stifel Nicolaus' price objective would indicate a potential upside of 38.99% from the stock's previous close.

Other equities research analysts have also issued research reports about the stock. Citigroup decreased their price objective on shares of Xponential Fitness from $23.00 to $21.00 and set a "buy" rating for the company in a report on Monday, March 4th. Robert W. Baird decreased their price objective on shares of Xponential Fitness from $16.00 to $14.00 and set a "neutral" rating for the company in a report on Friday, March 1st. Bank of America lifted their price objective on shares of Xponential Fitness from $13.00 to $15.50 and gave the company a "neutral" rating in a report on Wednesday, March 13th. Finally, Piper Sandler restated a "neutral" rating and issued a $13.00 price target (down previously from $21.00) on shares of Xponential Fitness in a report on Wednesday, January 3rd. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $23.06.

Xponential Fitness Trading Down 3.2 %

Shares of XPOF stock traded down $0.48 during trading hours on Friday, reaching $14.39. 450,164 shares of the stock were exchanged, compared to its average volume of 663,923. Xponential Fitness has a 12-month low of $8.30 and a 12-month high of $33.58. The company's 50-day moving average price is $13.17 and its 200-day moving average price is $13.16. The firm has a market capitalization of $683.38 million, a price-to-earnings ratio of -8.72 and a beta of 1.09.

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

Insider Buying and Selling

In related news, President Sarah Luna sold 5,399 shares of the business's stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $10.01, for a total transaction of $54,043.99. Following the completion of the transaction, the president now owns 265,247 shares in the company, valued at approximately $2,655,122.47. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO John P. Meloun sold 6,160 shares of the business's stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $10.09, for a total transaction of $62,154.40. Following the completion of the transaction, the chief financial officer now owns 245,003 shares in the company, valued at approximately $2,472,080.27. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Sarah Luna sold 5,399 shares of the business's stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $10.01, for a total transaction of $54,043.99. Following the transaction, the president now owns 265,247 shares of the company's stock, valued at approximately $2,655,122.47. The disclosure for this sale can be found here. Insiders sold a total of 35,632 shares of company stock worth $356,848 in the last 90 days. 47.86% of the stock is owned by corporate insiders.

Institutional Trading of Xponential Fitness

Large investors have recently bought and sold shares of the stock. Macquarie Group Ltd. grew its position in Xponential Fitness by 133.2% during the 2nd quarter. Macquarie Group Ltd. now owns 2,696 shares of the company's stock worth $34,000 after purchasing an additional 1,540 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in Xponential Fitness during the 2nd quarter worth approximately $34,000. Ameritas Investment Partners Inc. grew its position in Xponential Fitness by 50.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,041 shares of the company's stock worth $35,000 after purchasing an additional 681 shares during the last quarter. Quarry LP purchased a new stake in Xponential Fitness during the 2nd quarter worth approximately $38,000. Finally, Point72 Asset Management L.P. purchased a new stake in Xponential Fitness during the 4th quarter worth approximately $41,000. Hedge funds and other 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.