Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Xponential Fitness, Inc. (NYSE:XPOF – Get Rating ) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission ( SEC ). The firm acquired 16,891 shares of the company’s stock, valued at approximately $308,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Amalgamated Bank bought a new position in shares of Xponential Fitness in the first quarter valued at $32,000. Macquarie Group Ltd. boosted its holdings in shares of 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 acquiring an additional 1,540 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Xponential Fitness in the second quarter valued at $34,000. American International Group Inc. boosted its holdings in Xponential Fitness by 23.9% during the first quarter. American International Group Inc. now owns 6,115 shares of the company’s stock valued at $143,000 after buying an additional 1,181 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in Xponential Fitness in the first quarter worth about $187,000. 28.77% of the stock is currently owned by institutional investors.
Xponential Fitness stock rises 6.6%
Shares of XPOF stock opened at $27.16 on Friday. Xponential Fitness, Inc. has a twelve month low of $11.20 and a twelve month high of $27.88. The stock has a market cap of $1.34 billion, a P/E ratio of -5.44, a PEG ratio of 1.10 and a beta of 1.32. The business’s 50-day moving average is $23.14 and its 200-day moving average is $19.89.
Xponential Fitness (NYSE:XPOF – Get Rating ) last posted its quarterly earnings data on Thursday, November 10th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). Xponential Fitness had a negative net margin of 5.65% and a negative return on equity of 28.11%. The company had revenue of $63.76 million for the quarter, compared to analysts’ expectations of $55.15 million. On average, equities research analysts expect Xponential Fitness, Inc. to post 0.06 earnings per share for the current fiscal year.
Internal activity
In related news, EVP Megan Moen sold 6,015 shares of the business’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $21.75, for a total value of $130,826.25. Following the transaction, the executive vice president now directly owns 47,859 shares of the company’s stock, valued at approximately $1,040,933.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC’s website. Insiders have sold a total of 15,933 shares of company stock valued at $346,058 over the last ninety days. Corporate insiders own 69.33% of the company’s shares.
Changes in analyst ratings
Several equities analysts recently commented on XPOF shares. B. Riley lifted their price objective on Xponential Fitness from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, January 13th. Raymond James boosted their price objective on Xponential Fitness from $29.00 to $30.00 and gave the stock a “strong-buy” rating in a report on Friday, November 11th. Robert W. Baird lifted their price objective on Xponential Fitness from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Tuesday, January 10th. Morgan Stanley boosted their price objective on Xponential Fitness from $25.00 to $26.00 and gave the stock an “overweight” rating in a report on Friday, November 11th. Finally, Piper Sandler boosted their target price on Xponential Fitness from $34.00 to $36.00 and gave the company an “overweight” rating in a research note on Friday, November 11th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Xponential Fitness has a consensus rating of “Buy” and an average target price of $30.63, according to MarketBeat.com.
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.
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