Xponential Fitness, Inc. $XPOF Shares Sold by Formula Growth Ltd.

Formula Growth Ltd. reduced its position in shares of Xponential Fitness, Inc. (NYSE:XPOF) by 60.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 128,593 shares of the company’s stock after selling 200,694 shares during the period. Formula Growth Ltd.’s holdings in Xponential Fitness were worth $963,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nuveen LLC acquired a new position in shares of Xponential Fitness in the first quarter valued at approximately $599,000. MSD Partners L.P. grew its stake in Xponential Fitness by 18.1% in the 1st quarter. MSD Partners L.P. now owns 1,655,090 shares of the company’s stock worth $13,787,000 after acquiring an additional 253,631 shares during the period. Dynamic Technology Lab Private Ltd raised its holdings in Xponential Fitness by 142.9% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 157,279 shares of the company’s stock valued at $1,310,000 after acquiring an additional 92,528 shares during the last quarter. K2 Principal Fund L.P. purchased a new position in shares of Xponential Fitness during the 1st quarter worth $750,000. Finally, Landscape Capital Management L.L.C. boosted its holdings in shares of Xponential Fitness by 365.6% during the first quarter. Landscape Capital Management L.L.C. now owns 179,864 shares of the company’s stock worth $1,498,000 after purchasing an additional 141,234 shares during the last quarter. 58.55% of the stock is currently owned by hedge funds and other institutional investors.

Xponential Fitness Price Performance

Shares of NYSE XPOF opened at $7.07 on Friday. Xponential Fitness, Inc. has a 1-year low of $5.38 and a 1-year high of $18.87. The business has a 50-day moving average of $6.84 and a 200-day moving average of $8.22. The company has a market capitalization of $345.53 million, a price-to-earnings ratio of -4.28 and a beta of 1.43.

Xponential Fitness (NYSE:XPOF) last posted its earnings results on Thursday, November 6th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.20. The business had revenue of $78.82 million for the quarter, compared to analysts’ expectations of $75.25 million. Xponential Fitness had a negative net margin of 15.30% and a negative return on equity of 6.85%. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.04) earnings per share. Research analysts expect that Xponential Fitness, Inc. will post 0.61 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on XPOF. Weiss Ratings reiterated a “sell (d-)” rating on shares of Xponential Fitness in a research note on Wednesday, October 8th. UBS Group began coverage on shares of Xponential Fitness in a research report on Friday, October 17th. They issued a “neutral” rating and a $8.00 target price on the stock. Guggenheim lowered their target price on shares of Xponential Fitness from $13.00 to $12.00 and set a “buy” rating for the company in a report on Monday, November 10th. Wall Street Zen raised shares of Xponential Fitness from a “hold” rating to a “buy” rating in a research report on Tuesday, November 11th. Finally, Stifel Nicolaus decreased their price target on shares of Xponential Fitness from $10.00 to $8.00 and set a “hold” rating on the stock in a report on Friday, November 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $11.69.

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.