Xponential Fitness, Inc. (NYSE:XPOF – Get Free Report) has earned a consensus recommendation of “Buy” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $33.63.
XPOF has been the subject of a number of research reports. Citigroup reduced their price target on shares of Xponential Fitness from $39.00 to $30.00 in a research report on Friday, August 4th. Piper Sandler reduced their target price on Xponential Fitness from $42.00 to $36.00 in a report on Thursday, June 22nd. Morgan Stanley restated an “overweight” rating and set a $32.00 price target on shares of Xponential Fitness in a research note on Friday, August 4th. Finally, Guggenheim reduced their price objective on Xponential Fitness from $34.00 to $32.00 and set a “buy” rating for the company in a research note on Wednesday, August 16th.
Read Our Latest Stock Analysis on XPOF
Xponential Fitness Trading Down 1.7 %
Xponential Fitness (NYSE:XPOF – Get Free Report) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). Xponential Fitness had a net margin of 0.36% and a negative return on equity of 19.10%. The business had revenue of $77.34 million during the quarter, compared to analyst estimates of $71.93 million. On average, analysts predict that Xponential Fitness will post 0.55 earnings per share for the current fiscal year.
Insider Activity
In related news, CEO Anthony Geisler sold 17,703 shares of the stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $16.67, for a total transaction of $295,109.01. Following the completion of the transaction, the chief executive officer now directly owns 316,665 shares of the company’s stock, valued at $5,278,805.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Anthony Geisler sold 17,703 shares of the company’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $16.67, for a total transaction of $295,109.01. Following the transaction, the chief executive officer now owns 316,665 shares of the company’s stock, valued at $5,278,805.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Andrew Hagopian bought 4,200 shares of Xponential Fitness stock in a transaction on Wednesday, August 16th. The stock was acquired at an average cost of $23.15 per share, with a total value of $97,230.00. Following the acquisition, the insider now owns 8,800 shares of the company’s stock, valued at approximately $203,720. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 60,340 shares of company stock valued at $1,332,722 and have sold 48,647 shares valued at $912,128. Insiders own 47.86% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Dorsey Wright & Associates acquired a new stake in shares of Xponential Fitness in the 4th quarter worth approximately $28,000. Macquarie Group Ltd. grew its holdings in Xponential Fitness by 133.2% in the second quarter. Macquarie Group Ltd. now owns 2,696 shares of the company’s stock valued at $34,000 after purchasing an additional 1,540 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Xponential Fitness in the second quarter valued at $34,000. Ameritas Investment Partners Inc. raised its stake in shares of Xponential Fitness by 50.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,041 shares of the company’s stock worth $35,000 after buying an additional 681 shares during the last quarter. Finally, Quarry LP acquired a new stake in Xponential Fitness in the 2nd quarter valued at about $38,000. 52.97% of the stock is owned by hedge funds and other institutional investors.
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.
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