Xponential Fitness (NYSE:XPOF) Shares Up 5.8% After Analyst Upgrade

Xponential Fitness, Inc. (NYSE:XPOF)’s stock price traded up 5.8% on Monday after B. Riley raised their price target on the stock from $28.00 to $31.00. B. Riley currently has a buy rating on the stock. Xponential Fitness traded as high as $12.56 and last traded at $12.20. 92,991 shares were traded during trading, a decline of 86% from the average session volume of 673,040 shares. The stock had previously closed at $11.53.

Several other research analysts also recently commented on XPOF. Bank of America raised their price objective on shares of Xponential Fitness from $13.00 to $15.50 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Robert W. Baird cut their price target on Xponential Fitness from $16.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, March 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $20.00 price target on shares of Xponential Fitness in a research report on Friday, April 12th. Finally, Citigroup dropped their price objective on Xponential Fitness from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Monday, March 4th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.94.

Insider Activity at Xponential Fitness

In related news, CEO Anthony Geisler sold 17,901 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $9.93, for a total value of $177,756.93. Following the sale, the chief executive officer now directly owns 394,011 shares of the company’s stock, valued at $3,912,529.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, President Sarah Luna sold 5,399 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $10.01, for a total transaction of $54,043.99. Following the transaction, the president now directly owns 265,247 shares of the company’s stock, valued at $2,655,122.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Anthony Geisler sold 17,901 shares of Xponential Fitness stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $9.93, for a total value of $177,756.93. Following the completion of the transaction, the chief executive officer now directly owns 394,011 shares in the company, valued at $3,912,529.23. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,632 shares of company stock valued at $356,848. Company insiders own 47.83% of the company’s stock.

Institutional Investors Weigh In On Xponential Fitness

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XPOF. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Xponential Fitness by 39.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,645 shares of the company’s stock worth $87,000 after acquiring an additional 1,598 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Xponential Fitness during the fourth quarter valued at $143,000. Quest Partners LLC purchased a new position in shares of Xponential Fitness in the 4th quarter worth about $174,000. Versor Investments LP bought a new position in Xponential Fitness in the 4th quarter worth about $240,000. Finally, Harbor Capital Advisors Inc. grew its position in Xponential Fitness by 63.8% during the 4th quarter. Harbor Capital Advisors Inc. now owns 19,521 shares of the company’s stock valued at $252,000 after purchasing an additional 7,605 shares during the last quarter. 58.55% of the stock is currently owned by institutional investors.

Xponential Fitness Stock Performance

The company has a market capitalization of $566.08 million, a PE ratio of -21.39 and a beta of 1.20. The company’s 50-day moving average is $13.97 and its 200 day moving average is $12.88.

Xponential Fitness (NYSE:XPOF) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). Xponential Fitness had a net margin of 1.90% and a negative return on equity of 7.73%. The firm had revenue of $79.52 million for the quarter, compared to analysts’ expectations of $78.77 million. During the same quarter in the previous year, the company earned ($0.02) EPS. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. On average, analysts forecast that Xponential Fitness, Inc. will post 1.11 EPS for the current fiscal 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.