Victory Capital Management Inc. Buys New Position in Xponential Fitness, Inc. (NYSE:XPOF)

Victory Capital Management Inc. purchased a new stake in Xponential Fitness, Inc. (NYSE:XPOF) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,521 shares of the company’s stock, valued at approximately $227,000.

Several other large investors have also bought and sold shares of the stock. nVerses Capital LLC purchased a new stake in shares of Xponential Fitness in the second quarter valued at about $34,000. Principal Financial Group Inc. increased its stake in Xponential Fitness by 13.1% in the 2nd quarter. Principal Financial Group Inc. now owns 19,021 shares of the company’s stock valued at $297,000 after buying an additional 2,203 shares during the last quarter. Dnca Finance bought a new position in shares of Xponential Fitness during the 2nd quarter worth approximately $107,000. Bank of New York Mellon Corp boosted its stake in shares of Xponential Fitness by 12.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 82,419 shares of the company’s stock worth $1,286,000 after buying an additional 9,079 shares during the last quarter. Finally, Verus Capital Partners LLC boosted its stake in shares of Xponential Fitness by 15.4% in the 2nd quarter. Verus Capital Partners LLC now owns 76,629 shares of the company’s stock worth $1,195,000 after buying an additional 10,215 shares during the last quarter. 58.55% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on XPOF. Guggenheim lifted their price target on Xponential Fitness from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. Piper Sandler reiterated a “neutral” rating and set a $13.00 target price (down from $14.00) on shares of Xponential Fitness in a research note on Friday, August 2nd. Roth Capital upgraded shares of Xponential Fitness to a “strong-buy” rating in a research report on Monday, June 17th. B. Riley lifted their price objective on shares of Xponential Fitness from $9.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Finally, Raymond James reduced their target price on shares of Xponential Fitness from $30.00 to $20.00 and set a “strong-buy” rating for the company in a research report on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.25.

Xponential Fitness Price Performance

Xponential Fitness stock opened at $12.26 on Tuesday. Xponential Fitness, Inc. has a one year low of $7.40 and a one year high of $18.95. The firm has a market capitalization of $589.36 million, a P/E ratio of -21.51 and a beta of 1.19. The business has a fifty day moving average price of $14.58 and a 200-day moving average price of $13.75.

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

Insider Activity at Xponential Fitness

In other Xponential Fitness news, President Sarah Luna sold 14,400 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $13.85, for a total value of $199,440.00. Following the sale, the president now directly owns 290,297 shares in the company, valued at approximately $4,020,613.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 47.83% of the stock is owned by corporate insiders.

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.