Balyasny Asset Management L.P. Has $1.49 Million Holdings in Xponential Fitness, Inc. (NYSE:XPOF)

Balyasny Asset Management L.P. cut its stake in Xponential Fitness, Inc. (NYSE:XPOF) by 41.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,845 shares of the company’s stock after selling 77,241 shares during the period. Balyasny Asset Management L.P. owned approximately 0.23% of Xponential Fitness worth $1,491,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Skylands Capital LLC boosted its stake in Xponential Fitness by 80.1% during the fourth quarter. Skylands Capital LLC now owns 95,458 shares of the company’s stock worth $1,284,000 after buying an additional 42,458 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Xponential Fitness by 380.9% during the 4th quarter. JPMorgan Chase & Co. now owns 57,034 shares of the company’s stock valued at $767,000 after acquiring an additional 45,173 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in Xponential Fitness by 67.0% in the fourth quarter. Mutual of America Capital Management LLC now owns 136,633 shares of the company’s stock valued at $1,838,000 after acquiring an additional 54,817 shares during the period. Renaissance Technologies LLC increased its stake in Xponential Fitness by 135.3% in the fourth quarter. Renaissance Technologies LLC now owns 174,100 shares of the company’s stock valued at $2,342,000 after acquiring an additional 100,100 shares during the period. Finally, Nut Tree Capital Management LP raised its position in Xponential Fitness by 5.0% in the fourth quarter. Nut Tree Capital Management LP now owns 3,151,722 shares of the company’s stock worth $42,391,000 after purchasing an additional 150,000 shares in the last quarter. 58.55% of the stock is currently owned by institutional investors and hedge funds.

Xponential Fitness Stock Performance

Shares of NYSE:XPOF opened at $9.48 on Wednesday. Xponential Fitness, Inc. has a 52 week low of $6.64 and a 52 week high of $18.95. The company’s fifty day moving average is $8.42 and its 200-day moving average is $12.72. The company has a market capitalization of $459.63 million, a PE ratio of -8.17 and a beta of 1.57.

Xponential Fitness (NYSE:XPOF) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). Xponential Fitness had a negative net margin of 9.15% and a negative return on equity of 4.37%. The business had revenue of $76.88 million during the quarter, compared to the consensus estimate of $75.37 million. During the same period in the prior year, the firm earned $0.16 earnings per share. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. On average, analysts forecast that Xponential Fitness, Inc. will post 0.61 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on XPOF. Northland Capmk raised Xponential Fitness to a “hold” rating in a report on Thursday, January 23rd. Northland Securities initiated coverage on Xponential Fitness in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $17.50 price target on the stock. B. Riley lowered their price target on Xponential Fitness from $12.00 to $9.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. Raymond James dropped their price objective on Xponential Fitness from $16.00 to $15.00 and set a “strong-buy” rating for the company in a research note on Friday, May 9th. Finally, Piper Sandler reduced their target price on shares of Xponential Fitness from $16.00 to $9.00 and set a “neutral” rating on the stock in a research note on Friday, March 14th. Six analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Xponential Fitness has an average rating of “Moderate Buy” and a consensus price target of $13.94.

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.