Xponential Fitness (NYSE:XPOF) Raised to Hold at Northland Capmk

Northland Capmk upgraded shares of Xponential Fitness (NYSE:XPOF) to a hold rating in a research report report published on Thursday morning,Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. Stifel Nicolaus upped their target price on shares of Xponential Fitness from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Piper Sandler increased their target price on shares of Xponential Fitness from $12.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, January 6th. Finally, Northland Securities initiated coverage on Xponential Fitness in a report on Thursday. They issued a “market perform” rating and a $17.50 price target for the company. Six analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.60.

Xponential Fitness Trading Down 0.9 %

NYSE:XPOF opened at $15.80 on Thursday. The firm has a market capitalization of $763.09 million, a PE ratio of -13.65 and a beta of 1.30. Xponential Fitness has a 1 year low of $7.40 and a 1 year high of $18.95. The firm’s fifty day simple moving average is $14.81 and its 200 day simple moving average is $14.28.

Xponential Fitness (NYSE:XPOF) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.22). Xponential Fitness had a negative return on equity of 4.37% and a negative net margin of 9.15%. The business had revenue of $80.49 million for the quarter, compared to analyst estimates of $76.85 million. During the same period in the prior year, the firm posted $0.11 EPS. As a group, analysts anticipate that Xponential Fitness will post 0.61 EPS for the current fiscal year.

Insider Activity

In related news, Director Mark Grabowski sold 2,595,598 shares of Xponential Fitness stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $15.35, for a total value of $39,842,429.30. Following the sale, the director now owns 30,546 shares of the company’s stock, valued at approximately $468,881.10. This trade represents a 98.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 47.83% of the stock is currently owned by company insiders.

Institutional Trading of Xponential Fitness

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Rockefeller Capital Management L.P. acquired a new position in Xponential Fitness during the third quarter valued at approximately $3,171,000. JCP Investment Management LLC bought a new stake in shares of Xponential Fitness during the 2nd quarter worth approximately $3,915,000. Mutual of America Capital Management LLC acquired a new stake in shares of Xponential Fitness in the 3rd quarter valued at approximately $1,015,000. Wasatch Advisors LP grew its stake in shares of Xponential Fitness by 96.2% in the third quarter. Wasatch Advisors LP now owns 1,152,972 shares of the company’s stock valued at $14,297,000 after buying an additional 565,451 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new position in Xponential Fitness during the second quarter worth $1,076,000. 58.55% of the stock is currently owned by institutional investors and hedge funds.

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.