Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in shares of Xponential Fitness, Inc. (NYSE:XPOF – Free Report) by 42.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,234 shares of the company’s stock after selling 2,411 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Xponential Fitness were worth $42,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Xponential Fitness in the fourth quarter valued at $143,000. Harbor Capital Advisors Inc. raised its position in shares of Xponential Fitness by 63.8% in the fourth quarter. Harbor Capital Advisors Inc. now owns 19,521 shares of the company’s stock valued at $252,000 after buying an additional 7,605 shares during the last quarter. Graham Capital Management L.P. lifted its stake in shares of Xponential Fitness by 50.2% during the 3rd quarter. Graham Capital Management L.P. now owns 22,783 shares of the company’s stock worth $353,000 after purchasing an additional 7,618 shares during the period. Aigen Investment Management LP purchased a new position in Xponential Fitness during the third quarter worth about $367,000. Finally, Jupiter Asset Management Ltd. purchased a new position in shares of Xponential Fitness during the 3rd quarter worth about $462,000. 58.55% of the stock is currently owned by institutional investors and hedge funds.
Xponential Fitness Trading Down 31.4 %
Xponential Fitness stock opened at $8.48 on Friday. The stock has a 50 day moving average of $14.11 and a 200-day moving average of $12.86. The stock has a market cap of $402.72 million, a P/E ratio of -14.82 and a beta of 1.20. Xponential Fitness, Inc. has a 52 week low of $7.49 and a 52 week high of $29.50.
Xponential Fitness (NYSE:XPOF – Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). The company had revenue of $79.52 million for the quarter, compared to the consensus estimate of $78.77 million. Xponential Fitness had a net margin of 1.90% and a negative return on equity of 7.73%. The company’s revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.02) earnings per share. As a group, equities analysts predict that Xponential Fitness, Inc. will post 0.88 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Xponential Fitness news, President Sarah Luna sold 5,399 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $10.01, for a total transaction of $54,043.99. Following the sale, the president now owns 265,247 shares in the company, valued at $2,655,122.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Xponential Fitness news, President Sarah Luna sold 5,399 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $10.01, for a total transaction of $54,043.99. Following the completion of the sale, the president now owns 265,247 shares in the company, valued at $2,655,122.47. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO John P. Meloun sold 6,160 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $10.09, for a total transaction of $62,154.40. Following the sale, the chief financial officer now directly owns 245,003 shares in the company, valued at $2,472,080.27. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,632 shares of company stock worth $356,848. Corporate insiders own 47.83% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on XPOF. Robert W. Baird reduced their target price on Xponential Fitness from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, March 1st. Citigroup lowered their target price on Xponential Fitness from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Monday, March 4th. Bank of America raised their target price on Xponential Fitness from $13.00 to $15.50 and gave the company a “neutral” rating in a report on Wednesday, March 13th. Stifel Nicolaus restated a “buy” rating and issued a $20.00 price target on shares of Xponential Fitness in a report on Friday, April 12th. Finally, B. Riley lifted their price objective on shares of Xponential Fitness from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Xponential Fitness presently has an average rating of “Moderate Buy” and a consensus price target of $21.94.
Check Out Our Latest Report on XPOF
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.
Further Reading
Want to see what other hedge funds are holding XPOF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xponential Fitness, Inc. (NYSE:XPOF – Free Report).
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