Xponential Fitness (NYSE:XPOF) Given New $14.00 Price Target at Raymond James Financial

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 price target lowered by Raymond James Financial from $15.00 to $14.00 in a research note published on Friday morning,Benzinga reports. The firm currently has a strong-buy rating on the stock.

Other 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 research report on Thursday, May 22nd. Guggenheim reaffirmed a "buy" rating and issued a $13.00 target price on shares of Xponential Fitness in a research report on Monday, May 12th. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has 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 an average target price of $12.93.

Xponential Fitness Price Performance

Shares of NYSE:XPOF traded up $0.47 on Friday, reaching $7.88. 119,726 shares of the company traded hands, compared to its average volume of 722,443. Xponential Fitness has a fifty-two week low of $6.64 and a fifty-two week high of $18.87. The company's 50 day moving average is $9.35 and its 200-day moving average is $10.32. The stock has a market capitalization of $383.28 million, a PE ratio of -4.47 and a beta of 1.50.

Xponential Fitness (NYSE:XPOF - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.07. The company had revenue of $76.21 million for the quarter, compared to analyst estimates of $77.23 million. During the same quarter last year, the company posted ($0.29) EPS. Xponential Fitness's revenue was down .4% on a year-over-year basis. As a group, analysts expect that Xponential Fitness will post 0.61 EPS for the current year.

Institutional Trading of Xponential Fitness

Hedge funds and other institutional investors have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Xponential Fitness during the fourth quarter worth $29,000. Point72 Asset Management L.P. purchased a new stake in shares of Xponential Fitness during the fourth quarter worth $46,000. Ameritas Advisory Services LLC purchased a new stake in shares of Xponential Fitness during the second quarter worth $37,000. Mariner LLC purchased a new stake in shares of Xponential Fitness during the fourth quarter worth $163,000. Finally, Wells Fargo & Company MN raised its holdings in shares of Xponential Fitness by 35.1% during the fourth quarter. Wells Fargo & Company MN now owns 14,860 shares of the company's stock worth $200,000 after acquiring an additional 3,860 shares in the last quarter. 58.55% of the stock is currently owned by hedge funds and other institutional investors.

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.