Xponential Fitness (NYSE:XPOF) Trading 5.8% Higher Following Analyst Upgrade

Xponential Fitness, Inc. (NYSE:XPOF) shot up 5.8% on Monday after B. Riley raised their price target on the stock from $28.00 to $31.00. B. Riley currently has a buy rating on the stock. Xponential Fitness traded as high as $12.56 and last traded at $12.20. 92,991 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 673,040 shares. The stock had previously closed at $11.53.

Other equities research analysts have also issued reports about the company. Bank of America increased their target price on Xponential Fitness from $13.00 to $15.50 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Stifel Nicolaus reiterated a “buy” rating and issued a $20.00 price target on shares of Xponential Fitness in a research report on Friday, April 12th. Citigroup decreased their price objective on Xponential Fitness from $23.00 to $21.00 and set a “buy” rating for the company in a research report on Monday, March 4th. Finally, Robert W. Baird cut their price target on Xponential Fitness from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, March 1st. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Xponential Fitness currently has a consensus rating of “Moderate Buy” and an average price target of $21.94.

Insider Buying and Selling at Xponential Fitness

In other news, CEO Anthony Geisler sold 17,901 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $9.93, for a total transaction of $177,756.93. Following the sale, the chief executive officer now directly owns 394,011 shares in the company, valued at approximately $3,912,529.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO John P. Meloun sold 6,160 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $10.09, for a total transaction of $62,154.40. Following the completion of the transaction, the chief financial officer now owns 245,003 shares in the company, valued at approximately $2,472,080.27. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Anthony Geisler sold 17,901 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $9.93, for a total transaction of $177,756.93. Following the transaction, the chief executive officer now owns 394,011 shares in the company, valued at approximately $3,912,529.23. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,632 shares of company stock valued at $356,848. Corporate insiders own 47.83% of the company’s stock.

Institutional Trading of Xponential Fitness

Several institutional investors have recently modified their holdings of XPOF. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Xponential Fitness by 39.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,645 shares of the company’s stock worth $87,000 after buying an additional 1,598 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Xponential Fitness during the 4th quarter worth approximately $143,000. Quest Partners LLC purchased a new stake in Xponential Fitness in the 4th quarter valued at $174,000. Versor Investments LP purchased a new position in Xponential Fitness during the 4th quarter worth $240,000. Finally, Harbor Capital Advisors Inc. grew its stake in shares of Xponential Fitness by 63.8% during the 4th quarter. Harbor Capital Advisors Inc. now owns 19,521 shares of the company’s stock worth $252,000 after purchasing an additional 7,605 shares during the period. Institutional investors and hedge funds own 58.55% of the company’s stock.

Xponential Fitness Trading Up 5.8 %

The stock’s 50 day moving average price is $13.92 and its two-hundred day moving average price is $12.90. The firm has a market capitalization of $579.37 million, a price-to-earnings ratio of -21.40 and a beta of 1.20.

Xponential Fitness (NYSE:XPOF) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.02). Xponential Fitness had a net margin of 1.90% and a negative return on equity of 7.73%. The firm had revenue of $79.52 million during the quarter, compared to analyst estimates of $78.77 million. During the same period last year, the business earned ($0.02) EPS. The firm’s revenue was up 12.5% compared to the same quarter last year. On average, sell-side analysts forecast that Xponential Fitness, Inc. will post 1.11 earnings per share for the current fiscal year.

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.