Raymond James & Associates buys 64,110 shares of Xponential Fitness, Inc. (NYSE:XPOF)

Raymond James & Associates boosted its position in shares of Xponential Fitness, Inc. (NYSE:XPOF – Get Rating ) by 253.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 89,430 shares of the company’s stock after acquiring an additional 64,110 shares during the quarter. Raymond James & Associates owned approximately 0.18% of Xponential Fitness worth $1,633,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in XPOF. Eagle Asset Management Inc. bought a new stake in shares of Xponential Fitness during the second quarter valued at $14,005,000. Driehaus Capital Management LLC raised its position in shares of Xponential Fitness by 104.3% during the second quarter. Driehaus Capital Management LLC now owns 2,099,650 shares of the company’s stock valued at $26,372,000 after acquiring an additional 1,072,035 shares in the last quarter. Alta Fox Capital Management LLC bought a new stake in shares of Xponential Fitness in the second quarter valued at $8,522,000. Woodline Partners LP bought a new stake in shares of Xponential Fitness in the second quarter valued at $5,469,000. Finally, Federated Hermes Inc. boosted its holdings in Xponential Fitness by 29.2% in the second quarter. Federated Hermes Inc. now owns 1,745,000 shares of the company’s stock valued at $21,917,000 after purchasing an additional 394,758 shares during the last quarter. Institutional investors own 28.77% of the company’s shares.

Changes in analyst ratings

A number of equities analysts recently commented on the company. Robert W. Baird boosted their price objective on Xponential Fitness from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Tuesday, January 10th. Citigroup assumed coverage on Xponential Fitness in a report on Tuesday, December 6th. They issued a “buy” rating and a $29.00 target price for the company. Piper Sandler upped their target price on Xponential Fitness from $34.00 to $36.00 and gave the stock an “overweight” rating in a report on Friday, November 11th. Guggenheim upped their target price on Xponential Fitness to $26.00 in a report on Wednesday, November 16th. Finally, B. Riley upped their target price on Xponential Fitness from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, January 13th. Six investment analysts have rated the stock with a “buy” rating and one has given a strong “buy” rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $30.63, according to MarketBeat.

Xponential Fitness stock down 0.0%

NYSE:XPOF opened at $23.82 on Wednesday. The stock’s 50-day moving average is $22.89, and its 200-day moving average is $19.66. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of -4.77, a P/E/G ratio of 1.10 and a beta of 1.32. Xponential Fitness, Inc. has a 12-month low of $11.20 and a 12-month high of $26.90.

Xponential Fitness (NYSE:XPOF – Get Rating ) last posted its quarterly earnings data on Thursday, November 10th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.02). The business had revenue of $63.76 million during the quarter, compared to the consensus estimate of $55.15 million. Xponential Fitness had a negative net margin of 5.65% and a negative return on equity of 28.11%. Equities research analysts expect that Xponential Fitness, Inc. will post 0.06 EPS for the current year.

Xponential Fitness Insider Trading

In other news, EVP Megan Moen sold 5,285 shares of the stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $21.29, for a total transaction of $112,517.65. Following the transaction, the executive vice president now owns 53,874 shares in the company, valued at $1,146,977.46. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. In the last quarter, insiders sold 15,933 shares of company stock valued at $346,058. Company insiders own 69.33% of the company’s shares.

Exponential fitness profile

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Xponential Fitness, Inc, through its subsidiaries, operates as a boutique fitness franchisor in the United States and internationally. The company offers fitness and wellness services including Pilates, barre, cycling, stretching, rowing, yoga, boxing, dance, running and functional training under the Club Pilates, Pure Barre, CycleBar, StretchLab, Row House, YogaSix, Rumble, AKT brands , Stride and BFT.

Selected articles

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Institutional Ownership by Quarter for Xponential Fitness (NYSE:XPOF)

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