Xponential Fitness (NYSE:XPOF) Earns Market Perform Rating from Analysts at Northland Securities

Northland Securities assumed coverage on shares of Xponential Fitness (NYSE:XPOF) in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage issued a market perform rating and a $17.50 price objective on the stock.

XPOF has been the subject of several other reports. Stifel Nicolaus raised 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 lifted their target price on Xponential Fitness from $12.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, January 6th. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.60.

Xponential Fitness Stock Down 3.1 %

XPOF stock opened at $15.92 on Thursday. The company has a market cap of $768.69 million, a price-to-earnings ratio of -13.72 and a beta of 1.30. Xponential Fitness has a twelve month low of $7.40 and a twelve month high of $18.95. The business has a 50 day moving average price of $14.81 and a two-hundred day moving average price of $14.28.

Xponential Fitness (NYSE:XPOF) last issued its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $80.49 million for the quarter, compared to analyst estimates of $76.85 million. During the same quarter in the previous year, the firm posted $0.11 earnings per share. On average, equities research analysts anticipate that Xponential Fitness will post 0.61 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Mark Grabowski sold 2,595,598 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $15.35, for a total value of $39,842,429.30. Following the transaction, the director now directly owns 30,546 shares in the company, valued at approximately $468,881.10. This represents a 98.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 47.83% of the company’s stock.

Institutional Trading of Xponential Fitness

A number of institutional investors have recently bought and sold shares of XPOF. Wasatch Advisors LP raised its position 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. Verition Fund Management LLC raised its holdings in Xponential Fitness by 276.5% in the 3rd quarter. Verition Fund Management LLC now owns 692,729 shares of the company’s stock valued at $8,590,000 after acquiring an additional 508,715 shares in the last quarter. Rockefeller Capital Management L.P. bought a new stake in shares of Xponential Fitness during the 3rd quarter valued at $3,171,000. JCP Investment Management LLC bought a new stake in shares of Xponential Fitness during the 2nd quarter valued at $3,915,000. Finally, AQR Capital Management LLC increased its position in shares of Xponential Fitness by 684.4% in the second quarter. AQR Capital Management LLC now owns 109,963 shares of the company’s stock worth $1,715,000 after purchasing an additional 95,945 shares during the period. Institutional investors own 58.55% of the company’s stock.

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.