Xponential Fitness (NYSE:XPOF) Now Covered by Northland Securities

Northland Securities initiated coverage on shares of Xponential Fitness (NYSE:XPOF) in a research report report published on Thursday, MarketBeat Ratings reports. The firm issued a market perform rating and a $17.50 price target on the stock.

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

Xponential Fitness Price Performance

XPOF stock opened at $15.92 on Thursday. The company has a 50 day moving average price of $14.81 and a 200 day moving average price of $14.28. Xponential Fitness 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 $768.69 million, a PE ratio of -13.72 and a beta of 1.30.

Xponential Fitness (NYSE:XPOF) last released its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.22). The firm had revenue of $80.49 million for the quarter, compared to the consensus estimate of $76.85 million. Xponential Fitness had a negative return on equity of 4.37% and a negative net margin of 9.15%. During the same quarter in the previous year, the firm earned $0.11 EPS. As a group, equities analysts expect that Xponential Fitness will post 0.61 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Xponential Fitness

Several large investors have recently made changes to their positions in the stock. Wasatch Advisors LP boosted its stake in Xponential Fitness by 96.2% in the 3rd quarter. Wasatch Advisors LP now owns 1,152,972 shares of the company’s stock worth $14,297,000 after purchasing an additional 565,451 shares during the period. Verition Fund Management LLC grew its holdings in shares of Xponential Fitness by 276.5% during the third quarter. Verition Fund Management LLC now owns 692,729 shares of the company’s stock worth $8,590,000 after buying an additional 508,715 shares in the last quarter. State Street Corp raised its position in Xponential Fitness by 0.4% in the 3rd quarter. State Street Corp now owns 541,092 shares of the company’s stock valued at $6,710,000 after buying an additional 1,977 shares during the last quarter. Geode Capital Management LLC lifted its stake in Xponential Fitness by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 538,436 shares of the company’s stock valued at $6,678,000 after acquiring an additional 3,658 shares in the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new position in Xponential Fitness during the 3rd quarter worth approximately $3,171,000. Institutional investors own 58.55% of the company’s stock.

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.