Dynamic Technology Lab Private Ltd reduced its stake in shares of Xponential Fitness, Inc. (NYSE:XPOF – Free Report) by 36.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,401 shares of the company’s stock after selling 19,019 shares during the period. Dynamic Technology Lab Private Ltd owned 0.07% of Xponential Fitness worth $430,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Xponential Fitness by 39.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,645 shares of the company’s stock valued at $87,000 after purchasing an additional 1,598 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Xponential Fitness during the 4th quarter valued at $143,000. Versor Investments LP bought a new position in Xponential Fitness in the 4th quarter worth $240,000. Harbor Capital Advisors Inc. increased its stake in Xponential Fitness by 63.8% in the 4th quarter. Harbor Capital Advisors Inc. now owns 19,521 shares of the company’s stock worth $252,000 after buying an additional 7,605 shares in the last quarter. Finally, Graham Capital Management L.P. raised its holdings in Xponential Fitness by 50.2% during the third quarter. Graham Capital Management L.P. now owns 22,783 shares of the company’s stock valued at $353,000 after acquiring an additional 7,618 shares during the period. 58.55% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on XPOF. Bank of America increased their target price on Xponential Fitness from $13.00 to $15.50 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Stifel Nicolaus reiterated a “buy” rating and set a $20.00 price objective on shares of Xponential Fitness in a research report on Friday, April 12th. Robert W. Baird dropped their target price on shares of Xponential Fitness from $16.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, March 1st. Piper Sandler reduced their price target on shares of Xponential Fitness from $12.00 to $9.00 and set a “neutral” rating on the stock in a report on Monday, May 13th. Finally, B. Riley boosted their price target on shares of Xponential Fitness from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $21.50.
Check Out Our Latest Research Report on XPOF
Insider Buying and Selling at Xponential Fitness
In other Xponential Fitness news, CFO John P. Meloun sold 6,160 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $10.09, for a total transaction of $62,154.40. Following the completion of the sale, the chief financial officer now directly owns 245,003 shares of the company’s stock, valued at $2,472,080.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Anthony Geisler sold 17,901 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $9.93, for a total transaction of $177,756.93. Following the transaction, the chief executive officer now directly owns 394,011 shares of the company’s stock, valued at approximately $3,912,529.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO John P. Meloun sold 6,160 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $10.09, for a total value of $62,154.40. Following the completion of the sale, the chief financial officer now owns 245,003 shares of the company’s stock, valued at $2,472,080.27. The disclosure for this sale can be found here. Insiders have sold 34,720 shares of company stock worth $346,871 over the last quarter. Insiders own 47.83% of the company’s stock.
Xponential Fitness Trading Up 3.6 %
NYSE XPOF opened at $9.10 on Friday. The firm’s 50 day moving average price is $12.94 and its 200-day moving average price is $12.45. Xponential Fitness, Inc. has a 52-week low of $7.40 and a 52-week high of $29.16.
Xponential Fitness (NYSE:XPOF – Get Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). The company had revenue of $79.52 million during the quarter, compared to analysts’ expectations of $78.77 million. Xponential Fitness had a net margin of 1.90% and a negative return on equity of 7.65%. The company’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.02) earnings per share. As a group, research analysts expect that Xponential Fitness, Inc. will post 0.75 earnings per share for the current fiscal year.
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.
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