Diametric Capital LP Has $1.95 Million Stock Holdings in Xponential Fitness, Inc. (NYSE:XPOF)

Diametric Capital LP raised its position in shares of Xponential Fitness, Inc. (NYSE:XPOF) by 196.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 145,118 shares of the company’s stock after purchasing an additional 96,246 shares during the period. Xponential Fitness makes up approximately 1.3% of Diametric Capital LP’s holdings, making the stock its 10th largest holding. Diametric Capital LP’s holdings in Xponential Fitness were worth $1,952,000 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. Charles Schwab Investment Management Inc. lifted its position in Xponential Fitness by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 195,380 shares of the company’s stock worth $2,423,000 after buying an additional 2,670 shares during the last quarter. Rockefeller Capital Management L.P. purchased a new position in shares of Xponential Fitness during the third quarter worth approximately $3,171,000. Verition Fund Management LLC lifted 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 last quarter. Centiva Capital LP purchased a new stake in shares of Xponential Fitness in the 3rd quarter valued at $183,000. Finally, State Street Corp grew its holdings in shares of Xponential Fitness by 0.4% during the 3rd quarter. State Street Corp now owns 541,092 shares of the company’s stock valued at $6,710,000 after purchasing an additional 1,977 shares during the last quarter. 58.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XPOF has been the subject of several recent research reports. B. Riley lowered their price target on shares of Xponential Fitness from $12.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Stifel Nicolaus lowered Xponential Fitness from a “buy” rating to a “hold” rating and lowered their target price for the company from $20.00 to $12.00 in a research note on Friday, March 14th. Lake Street Capital dropped their target price on Xponential Fitness from $20.00 to $16.00 and set a “buy” rating for the company in a report on Friday, March 14th. Northland Securities initiated coverage on Xponential Fitness in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $17.50 price target on the stock. Finally, Piper Sandler dropped their price objective on Xponential Fitness from $16.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Six equities research analysts have rated the stock with a hold rating, three 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 a consensus target price of $15.28.

Xponential Fitness Stock Performance

Shares of XPOF stock opened at $8.34 on Tuesday. The firm has a market cap of $404.11 million, a P/E ratio of -7.19 and a beta of 1.38. The business’s 50 day moving average price is $13.75 and its 200-day moving average price is $13.80. Xponential Fitness, Inc. has a fifty-two week low of $7.22 and a fifty-two week high of $18.95.

Xponential Fitness (NYSE:XPOF) last issued its quarterly earnings data on Thursday, March 13th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.63). Xponential Fitness had a negative net margin of 9.15% and a negative return on equity of 4.37%. The company had revenue of $83.22 million for the quarter, compared to analysts’ expectations of $81.12 million. During the same period in the previous year, the firm posted $0.08 earnings per share. The firm’s revenue for the quarter was down 6.8% compared to the same quarter last year. As a group, equities analysts predict that Xponential Fitness, Inc. will post 0.61 EPS for the current 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.