Verus Capital Partners LLC Increases Stock Holdings in Xponential Fitness, Inc. (NYSE:XPOF)

Verus Capital Partners LLC lifted its holdings in shares of Xponential Fitness, Inc. (NYSE:XPOF) by 15.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 76,629 shares of the company’s stock after acquiring an additional 10,215 shares during the period. Verus Capital Partners LLC’s holdings in Xponential Fitness were worth $1,195,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. Kent Lake Capital LLC raised its stake in shares of Xponential Fitness by 276.0% in the first quarter. Kent Lake Capital LLC now owns 882,443 shares of the company’s stock worth $14,596,000 after purchasing an additional 647,743 shares during the last quarter. Nut Tree Capital Management LP raised its position in Xponential Fitness by 74.3% during the 1st quarter. Nut Tree Capital Management LP now owns 250,000 shares of the company’s stock worth $4,135,000 after buying an additional 106,587 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in Xponential Fitness by 204.7% during the 4th quarter. Los Angeles Capital Management LLC now owns 221,151 shares of the company’s stock valued at $2,851,000 after acquiring an additional 148,576 shares during the period. Oak Ridge Investments LLC boosted its holdings in shares of Xponential Fitness by 9.9% in the 1st quarter. Oak Ridge Investments LLC now owns 194,109 shares of the company’s stock valued at $3,211,000 after acquiring an additional 17,411 shares during the last quarter. Finally, Trexquant Investment LP raised its holdings in shares of Xponential Fitness by 346.2% during the fourth quarter. Trexquant Investment LP now owns 172,285 shares of the company’s stock worth $2,221,000 after purchasing an additional 133,677 shares during the last quarter. Institutional investors and hedge funds own 58.55% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on XPOF. Roth Capital raised Xponential Fitness to a “strong-buy” rating in a research report on Monday, June 17th. Guggenheim raised their target price on Xponential Fitness from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. Piper Sandler reiterated a “neutral” rating and set a $13.00 price target (down from $14.00) on shares of Xponential Fitness in a research report on Friday, August 2nd. Roth Mkm lowered their price objective on Xponential Fitness from $22.00 to $19.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Finally, Raymond James cut their target price on shares of Xponential Fitness from $30.00 to $20.00 and set a “strong-buy” rating for the company in a report on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $18.25.

Xponential Fitness Stock Performance

XPOF traded down $0.21 during midday trading on Monday, hitting $12.92. 357,300 shares of the company traded hands, compared to its average volume of 752,902. The business has a 50 day simple moving average of $15.50 and a two-hundred day simple moving average of $13.52. Xponential Fitness, Inc. has a 52-week low of $7.40 and a 52-week high of $23.74.

Xponential Fitness (NYSE:XPOF) last released its earnings results on Thursday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.22). The business had revenue of $76.50 million for the quarter, compared to analysts’ expectations of $83.63 million. Xponential Fitness had a negative return on equity of 9.35% and a negative net margin of 6.51%. Xponential Fitness’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.07 EPS. Equities analysts anticipate that Xponential Fitness, Inc. will post 0.79 earnings per share for the current fiscal year.

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.