Raymond James Financial Issues Pessimistic Forecast for Xponential Fitness (NYSE:XPOF) Stock Price

Key Points

• Raymond James Financial has lowered its price target for Xponential Fitness stock from $15.00 to $14.00, while maintaining a "strong-buy" rating.
• Xponential Fitness shares have dropped significantly, with a 24.7% decline in value, currently trading at $7.25.
• Institutional investors hold about 58.55% of Xponential Fitness stock, with notable purchases from firms like Point72 and Ameritas Advisory Services.

Xponential Fitness (NYSE:XPOF - Free Report) had its target price trimmed by Raymond James Financial from $15.00 to $14.00 in a research report report published on Friday morning,Benzinga reports. The firm currently has a strong-buy rating on the stock.

Other equities analysts have also recently issued research reports about the company. Wall Street Zen raised Xponential Fitness from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Guggenheim reaffirmed a "buy" rating and issued a $13.00 target price on shares of Xponential Fitness in a report on Monday, May 12th. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Xponential Fitness presently has a consensus rating of "Moderate Buy" and an average price target of $12.93.

Xponential Fitness Stock Up 8.3%

Shares of NYSE:XPOF traded up $0.66 during trading on Friday, reaching $8.51. 296,933 shares of the company traded hands, compared to its average volume of 725,346. The company's 50 day moving average is $9.33 and its two-hundred day moving average is $10.30. The firm has a market capitalization of $413.94 million, a PE ratio of -4.84 and a beta of 1.50. Xponential Fitness has a 52 week low of $6.64 and a 52 week high of $18.87.

Xponential Fitness (NYSE:XPOF - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.07. The business had revenue of $76.21 million for the quarter, compared to the consensus estimate of $77.23 million. During the same quarter in the prior year, the company earned ($0.29) earnings per share. Xponential Fitness's quarterly revenue was down .4% compared to the same quarter last year. As a group, research analysts anticipate that Xponential Fitness will post 0.61 EPS for the current year.

Insider Buying and Selling at Xponential Fitness

In related news, Director Bruce N. Haase purchased 70,000 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was bought at an average price of $7.67 per share, with a total value of $536,900.00. Following the completion of the purchase, the director owned 95,937 shares in the company, valued at approximately $735,836.79. This represents a 269.88% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 47.83% of the company's stock.

Institutional Investors Weigh In On Xponential Fitness

Institutional investors and hedge funds have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Xponential Fitness in the fourth quarter valued at about $29,000. Point72 Asset Management L.P. bought a new stake in shares of Xponential Fitness during the 4th quarter valued at about $46,000. Ameritas Advisory Services LLC bought a new stake in shares of Xponential Fitness during the 2nd quarter valued at about $37,000. Mariner LLC bought a new stake in shares of Xponential Fitness during the 4th quarter valued at about $163,000. Finally, Wells Fargo & Company MN boosted its position in shares of Xponential Fitness by 35.1% during the 4th quarter. Wells Fargo & Company MN now owns 14,860 shares of the company's stock valued at $200,000 after purchasing an additional 3,860 shares in the last quarter. Institutional investors and hedge funds 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.