Xponential Fitness (NYSE:XPOF) Upgraded at Northland Capmk

Xponential Fitness (NYSE:XPOF) was upgraded by investment analysts at Northland Capmk to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

XPOF has been the subject of a number of other reports. Stifel Nicolaus lifted their price target on shares of Xponential Fitness from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Northland Securities started coverage on shares of Xponential Fitness in a report on Thursday. They issued a “market perform” rating and a $17.50 price objective for the company. Finally, Piper Sandler lifted their price objective on shares of Xponential Fitness from $12.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, January 6th. Six 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.60.

Xponential Fitness Stock Performance

XPOF stock opened at $15.80 on Thursday. The firm has a market cap of $762.90 million, a PE ratio of -13.63 and a beta of 1.30. Xponential Fitness has a one year low of $7.40 and a one year high of $18.95. The firm’s fifty day moving average is $14.81 and its 200 day moving average is $14.28.

Xponential Fitness (NYSE:XPOF) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.22). The company had revenue of $80.49 million for the quarter, compared to analysts’ expectations of $76.85 million. Xponential Fitness had a negative net margin of 9.15% and a negative return on equity of 4.37%. During the same period in the previous year, the business earned $0.11 earnings per share. Research analysts predict that Xponential Fitness will post 0.61 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Mark Grabowski sold 2,595,598 shares of the firm’s stock in a transaction on 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 completion of the sale, the director now owns 30,546 shares in the company, valued at approximately $468,881.10. This trade represents a 98.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 47.83% of the stock is owned by company insiders.

Hedge Funds Weigh In On Xponential Fitness

A number of large investors have recently made changes to their positions in XPOF. Wasatch Advisors LP increased its holdings in Xponential Fitness by 96.2% during the 3rd quarter. Wasatch Advisors LP now owns 1,152,972 shares of the company’s stock valued at $14,297,000 after acquiring an additional 565,451 shares in the last quarter. Verition Fund Management LLC lifted its position in Xponential Fitness by 276.5% during the third quarter. Verition Fund Management LLC now owns 692,729 shares of the company’s stock valued at $8,590,000 after buying an additional 508,715 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new stake in shares of Xponential Fitness during the third quarter valued at approximately $3,171,000. JCP Investment Management LLC purchased a new stake in shares of Xponential Fitness during the second quarter valued at approximately $3,915,000. Finally, AQR Capital Management LLC raised its stake in shares of Xponential Fitness by 684.4% during the second quarter. AQR Capital Management LLC now owns 109,963 shares of the company’s stock valued at $1,715,000 after purchasing an additional 95,945 shares during the period. Hedge funds and other 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.