Xponential Fitness, Inc. (NYSE:XPOF) Shares Sold by Divisadero Street Capital Management LP

Divisadero Street Capital Management LP decreased its position in Xponential Fitness, Inc. (NYSE:XPOF) by 36.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 181,858 shares of the company’s stock after selling 104,763 shares during the quarter. Divisadero Street Capital Management LP owned 0.38% of Xponential Fitness worth $2,837,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Panagora Asset Management Inc. bought a new stake in Xponential Fitness during the fourth quarter valued at $347,000. Trexquant Investment LP grew its position in shares of Xponential Fitness by 346.2% during the 4th quarter. Trexquant Investment LP now owns 172,285 shares of the company’s stock valued at $2,221,000 after buying an additional 133,677 shares during the last quarter. Quest Partners LLC acquired a new stake in Xponential Fitness during the fourth quarter worth about $174,000. Aigen Investment Management LP raised its stake in Xponential Fitness by 11.3% during the fourth quarter. Aigen Investment Management LP now owns 26,360 shares of the company’s stock worth $340,000 after acquiring an additional 2,684 shares during the period. Finally, 1492 Capital Management LLC bought a new position in Xponential Fitness in the fourth quarter worth about $1,217,000. 58.55% of the stock is currently owned by institutional investors.

Xponential Fitness Stock Up 2.1 %

Shares of XPOF stock opened at $13.44 on Friday. The stock has a 50-day simple moving average of $14.82 and a 200 day simple moving average of $13.76. Xponential Fitness, Inc. has a fifty-two week low of $7.40 and a fifty-two week high of $18.95. The stock has a market capitalization of $647.40 million, a P/E ratio of -23.58 and a beta of 1.19.

Xponential Fitness (NYSE:XPOF) last released its earnings results on Thursday, August 1st. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.22). The business had revenue of $76.50 million during the quarter, compared to the consensus estimate of $83.63 million. Xponential Fitness had a negative return on equity of 9.35% and a negative net margin of 6.51%. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.07 earnings per share. On average, sell-side analysts anticipate that Xponential Fitness, Inc. will post 0.79 earnings per share for the current year.

Insider Transactions at Xponential Fitness

In other news, President Sarah Luna sold 14,400 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $13.85, for a total transaction of $199,440.00. Following the sale, the president now directly owns 290,297 shares of the company’s stock, valued at $4,020,613.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 47.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Raymond James lowered their target price on Xponential Fitness from $30.00 to $20.00 and set a “strong-buy” rating for the company in a report on Friday, August 2nd. Roth Capital raised Xponential Fitness to a “strong-buy” rating in a research report on Monday, June 17th. Robert W. Baird reduced their price target on shares of Xponential Fitness from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Guggenheim upped their price target on shares of Xponential Fitness from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Finally, Roth Mkm cut their price objective on shares of Xponential Fitness from $22.00 to $19.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Four analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.25.

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.