Russell Investments Group Ltd. cut its stake in Xponential Fitness, Inc. (NYSE:XPOF – Free Report) by 19.7% during the 4th quarter, HoldingsChannel reports. The firm owned 52,480 shares of the company’s stock after selling 12,838 shares during the quarter. Russell Investments Group Ltd.’s holdings in Xponential Fitness were worth $676,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Voss Capital LLC purchased a new stake in Xponential Fitness during the 4th quarter worth $29,776,000. MSD Partners L.P. increased its position in shares of Xponential Fitness by 116.2% during the third quarter. MSD Partners L.P. now owns 1,761,319 shares of the company’s stock worth $27,300,000 after acquiring an additional 946,757 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Xponential Fitness in the third quarter worth about $10,415,000. Eagle Asset Management Inc. boosted its holdings in Xponential Fitness by 22.0% in the third quarter. Eagle Asset Management Inc. now owns 1,372,839 shares of the company’s stock valued at $21,279,000 after purchasing an additional 247,115 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Xponential Fitness during the 3rd quarter valued at approximately $2,750,000. Hedge funds and other institutional investors own 58.55% of the company’s stock.
Insider Buying and Selling at Xponential Fitness
In related news, insider Andrew Hagopian sold 5,260 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $10.06, for a total value of $52,915.60. Following the sale, the insider now owns 228,390 shares of the company’s stock, valued at approximately $2,297,603.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Andrew Hagopian sold 5,260 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $10.06, for a total value of $52,915.60. Following the sale, the insider now directly owns 228,390 shares in the company, valued at approximately $2,297,603.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Sarah Luna sold 5,399 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $10.01, for a total value of $54,043.99. Following the transaction, the president now owns 265,247 shares of the company’s stock, valued at approximately $2,655,122.47. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,720 shares of company stock worth $346,871. 47.83% of the stock is owned by insiders.
Analyst Ratings Changes
XPOF has been the topic of a number of recent analyst reports. B. Riley upped their target price on Xponential Fitness from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Citigroup reduced their price objective on shares of Xponential Fitness from $23.00 to $21.00 and set a “buy” rating on the stock in a research note on Monday, March 4th. 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. Bank of America upped their target price on shares of Xponential Fitness from $13.00 to $15.50 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Finally, Piper Sandler decreased their price target on Xponential Fitness from $12.00 to $9.00 and set a “neutral” rating for the company in a research note on Monday, May 13th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $21.50.
View Our Latest Stock Report on XPOF
Xponential Fitness Stock Down 3.3 %
Shares of NYSE:XPOF opened at $8.51 on Tuesday. The firm has a 50-day simple moving average of $13.43 and a 200 day simple moving average of $12.59. Xponential Fitness, Inc. has a fifty-two week low of $7.40 and a fifty-two week high of $29.16. The company has a market cap of $409.08 million, a PE ratio of -14.93 and a beta of 1.20.
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 for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). Xponential Fitness had a negative return on equity of 7.65% and a net margin of 1.90%. The company had revenue of $79.52 million for the quarter, compared to analyst estimates of $78.77 million. During the same quarter in the previous year, the company posted ($0.02) earnings per share. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. As a group, research analysts forecast that Xponential Fitness, Inc. will post 0.75 EPS 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.
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