Panagora Asset Management Inc. bought a new position in Xponential Fitness, Inc. (NYSE:XPOF – Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 26,892 shares of the company’s stock, valued at approximately $347,000. Panagora Asset Management Inc. owned 0.06% of Xponential Fitness at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Versor Investments LP purchased a new stake in Xponential Fitness during the 4th quarter valued at about $240,000. Landscape Capital Management L.L.C. grew its position in Xponential Fitness by 66.6% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 135,609 shares of the company’s stock valued at $2,102,000 after purchasing an additional 54,204 shares during the last quarter. Voss Capital LLC purchased a new stake in Xponential Fitness during the 4th quarter valued at about $29,776,000. ABS Direct Equity Fund LLC purchased a new stake in Xponential Fitness during the 4th quarter valued at about $1,611,000. Finally, MSD Partners L.P. grew its position in Xponential Fitness by 116.2% during the 3rd quarter. MSD Partners L.P. now owns 1,761,319 shares of the company’s stock valued at $27,300,000 after purchasing an additional 946,757 shares during the last quarter. 58.55% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
XPOF has been the topic of several research analyst reports. Bank of America upped their target price on shares of Xponential Fitness from $13.00 to $15.50 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Citigroup lowered their price objective on shares of Xponential Fitness from $23.00 to $21.00 and set a “buy” rating on the stock in a research note on Monday, March 4th. B. Riley increased their price objective on shares of Xponential Fitness from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Robert W. Baird lowered their price objective on shares of Xponential Fitness from $16.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, March 1st. Finally, Piper Sandler lowered their price objective on shares of Xponential Fitness from $12.00 to $9.00 and set a “neutral” rating on the stock in a research note on Monday, May 13th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Xponential Fitness currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.50.
Insider Transactions at Xponential Fitness
In other news, insider Andrew Hagopian sold 5,260 shares of Xponential Fitness stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $10.06, for a total transaction of $52,915.60. Following the completion of the sale, the insider now directly owns 228,390 shares in the company, valued at $2,297,603.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, President Sarah Luna sold 5,399 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $10.01, for a total value of $54,043.99. Following the completion of the sale, the president now directly owns 265,247 shares of the company’s stock, valued at $2,655,122.47. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Andrew Hagopian sold 5,260 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $10.06, for a total transaction of $52,915.60. Following the completion of the sale, the insider now directly owns 228,390 shares of the company’s stock, valued at $2,297,603.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,720 shares of company stock worth $346,871. 47.83% of the stock is currently owned by insiders.
Xponential Fitness Price Performance
XPOF stock opened at $9.11 on Friday. The firm has a fifty day moving average price of $12.94 and a 200 day moving average price of $12.46. Xponential Fitness, Inc. has a fifty-two week low of $7.40 and a fifty-two week high of $29.16.
Xponential Fitness (NYSE:XPOF – Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). The company had revenue of $79.52 million during the quarter, compared to the consensus estimate of $78.77 million. Xponential Fitness had a negative return on equity of 7.65% and a net margin of 1.90%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.02) earnings per share. As a group, research analysts forecast that Xponential Fitness, Inc. will post 0.75 earnings per share for the current year.
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.
Further Reading
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