Xponential Fitness (NYSE:XPOF) Coverage Initiated at Northland Securities

Northland Securities initiated coverage on shares of Xponential Fitness (NYSE:XPOF) in a research note issued on Thursday, Marketbeat.com reports. The brokerage set a “market perform” rating and a $17.50 price target on the stock. Northland Securities’ price objective would indicate a potential upside of 10.68% from the company’s current price.

Several other brokerages also recently issued reports on XPOF. Stifel Nicolaus upped their price objective on Xponential Fitness from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Piper Sandler increased their price target on Xponential Fitness from $12.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, January 6th. Six analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $17.60.

Xponential Fitness Stock Down 0.8 %

Shares of XPOF opened at $15.81 on Thursday. Xponential Fitness has a 52-week low of $7.40 and a 52-week high of $18.95. The company has a 50-day simple moving average of $14.83 and a 200-day simple moving average of $14.28. The company has a market capitalization of $763.72 million, a PE ratio of -13.63 and a beta of 1.30.

Xponential Fitness (NYSE:XPOF) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.22). The firm had revenue of $80.49 million during 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. On average, research analysts anticipate that Xponential Fitness will post 0.61 EPS for the current year.

Insider Buying and Selling at Xponential Fitness

In other Xponential Fitness news, Director Mark Grabowski sold 2,595,598 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $15.35, for a total transaction of $39,842,429.30. Following the transaction, the director now owns 30,546 shares of the company’s stock, valued at $468,881.10. This trade represents a 98.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 47.83% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Xponential Fitness

A number of institutional investors have recently modified their holdings of the business. Wasatch Advisors LP increased its position in Xponential Fitness by 96.2% in the third quarter. Wasatch Advisors LP now owns 1,152,972 shares of the company’s stock worth $14,297,000 after buying an additional 565,451 shares during the period. Verition Fund Management LLC increased its holdings in shares of Xponential Fitness by 276.5% in the 3rd quarter. Verition Fund Management LLC now owns 692,729 shares of the company’s stock worth $8,590,000 after acquiring an additional 508,715 shares during the period. Rockefeller Capital Management L.P. bought a new stake in Xponential Fitness in the 3rd quarter valued at about $3,171,000. JCP Investment Management LLC acquired a new position in Xponential Fitness during the 2nd quarter valued at about $3,915,000. Finally, AQR Capital Management LLC grew its position in Xponential Fitness by 684.4% in the 2nd 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 last quarter. Institutional investors own 58.55% of the company’s stock.

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.