Xponential Fitness (NYSE:XPOF) Price Target Cut to $9.00 by Analysts at Piper Sandler

Xponential Fitness (NYSE:XPOF) had its target price cut by Piper Sandler from $16.00 to $9.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Piper Sandler’s target price would indicate a potential downside of 26.65% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Northland Securities assumed 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 objective on the stock. Northland Capmk raised shares of Xponential Fitness to a “hold” rating in a report on Thursday, January 23rd. Finally, Stifel Nicolaus downgraded shares of Xponential Fitness from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $20.00 to $12.00 in a report on Friday. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Xponential Fitness presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.56.

Xponential Fitness Stock Up 1.2 %

Xponential Fitness stock opened at $12.27 on Friday. The business has a 50-day simple moving average of $15.40 and a 200 day simple moving average of $14.19. Xponential Fitness has a 52 week low of $7.40 and a 52 week high of $18.95. The stock has a market cap of $592.68 million, a price-to-earnings ratio of -10.58 and a beta of 1.38.

Hedge Funds Weigh In On Xponential Fitness

A number of large investors have recently added to or reduced their stakes in XPOF. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Xponential Fitness in the fourth quarter worth about $29,000. Point72 Asset Management L.P. bought a new stake in Xponential Fitness in the fourth quarter valued at approximately $46,000. AlphaQuest LLC grew its position in shares of Xponential Fitness by 335.9% in 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 during the last quarter. Financial Management Professionals Inc. raised its holdings in shares of Xponential Fitness by 117.6% during the fourth quarter. Financial Management Professionals Inc. now owns 5,021 shares of the company’s stock valued at $68,000 after acquiring an additional 2,714 shares in the last quarter. Finally, Asset Planning Inc bought a new stake in Xponential Fitness in the fourth quarter valued at $71,000. 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.