Wasatch Advisors LP Trims Stake in Xponential Fitness, Inc. (NYSE:XPOF)

Wasatch Advisors LP trimmed its stake in Xponential Fitness, Inc. (NYSE:XPOF) by 41.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192,116 shares of the company’s stock after selling 135,588 shares during the period. Wasatch Advisors LP’s holdings in Xponential Fitness were worth $3,178,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of XPOF. Trexquant Investment LP purchased a new stake in Xponential Fitness in the 3rd quarter worth $598,000. Schonfeld Strategic Advisors LLC purchased a new stake in Xponential Fitness in the 3rd quarter worth $2,750,000. Kennedy Capital Management LLC purchased a new stake in Xponential Fitness in the 3rd quarter worth $1,006,000. Jacobs Levy Equity Management Inc. purchased a new stake in Xponential Fitness in the 3rd quarter worth $10,415,000. Finally, Graham Capital Management L.P. increased its stake in Xponential Fitness by 50.2% in the 3rd quarter. Graham Capital Management L.P. now owns 22,783 shares of the company’s stock worth $353,000 after buying an additional 7,618 shares in the last quarter. 58.55% of the stock is currently owned by hedge funds and other institutional investors.

Xponential Fitness Trading Up 6.4 %

Shares of NYSE:XPOF traded up $0.97 during trading on Tuesday, reaching $16.05. The company’s stock had a trading volume of 498,892 shares, compared to its average volume of 794,132. Xponential Fitness, Inc. has a 12 month low of $7.40 and a 12 month high of $24.00. The firm’s 50 day simple moving average is $11.77 and its two-hundred day simple moving average is $12.36. The stock has a market capitalization of $771.52 million, a PE ratio of -28.16 and a beta of 1.22.

Xponential Fitness (NYSE:XPOF) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). Xponential Fitness had a net margin of 1.90% and a negative return on equity of 7.65%. The business had revenue of $79.52 million during the quarter, compared to the consensus estimate of $78.77 million. During the same period in the previous year, the business posted ($0.02) EPS. The firm’s revenue was up 12.5% on a year-over-year basis. Research analysts anticipate that Xponential Fitness, Inc. will post 0.95 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on XPOF. Roth Capital upgraded Xponential Fitness to a “strong-buy” rating in a research note on Monday, June 17th. Roth Mkm started coverage on Xponential Fitness in a research note on Monday, June 17th. They issued a “buy” rating and a $22.00 price target for the company. Stifel Nicolaus reissued a “buy” rating and set a $20.00 price objective on shares of Xponential Fitness in a report on Friday, April 12th. Guggenheim increased their price objective on shares of Xponential Fitness from $18.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Finally, Piper Sandler dropped their price objective on shares of Xponential Fitness from $12.00 to $9.00 and set a “neutral” rating for the company in a report on Monday, May 13th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Xponential Fitness currently has an average rating of “Moderate Buy” and a consensus price target of $21.05.

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.