Xponential Fitness, Inc. (NYSE:XPOF) Shares Acquired by Formula Growth Ltd.

Formula Growth Ltd. increased its holdings in Xponential Fitness, Inc. (NYSE:XPOF - Free Report) by 119.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 306,119 shares of the company's stock after purchasing an additional 166,600 shares during the quarter. Xponential Fitness accounts for about 1.4% of Formula Growth Ltd.'s holdings, making the stock its 21st largest holding. Formula Growth Ltd. owned 0.63% of Xponential Fitness worth $4,117,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. State Street Corp raised its stake in shares of Xponential Fitness by 0.4% during the 3rd quarter. State Street Corp now owns 541,092 shares of the company's stock worth $6,710,000 after buying an additional 1,977 shares during the period. Barclays PLC lifted its holdings in Xponential Fitness by 366.5% during the third quarter. Barclays PLC now owns 39,621 shares of the company's stock valued at $491,000 after purchasing an additional 31,127 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Xponential Fitness by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 538,436 shares of the company's stock worth $6,678,000 after purchasing an additional 3,658 shares during the last quarter. SkyView Investment Advisors LLC lifted its position in shares of Xponential Fitness by 23.3% in the third quarter. SkyView Investment Advisors LLC now owns 18,500 shares of the company's stock valued at $229,000 after acquiring an additional 3,500 shares in the last quarter. Finally, Financial Management Professionals Inc. grew its holdings in shares of Xponential Fitness by 117.6% during the fourth quarter. Financial Management Professionals Inc. now owns 5,021 shares of the company's stock worth $68,000 after buying an additional 2,714 shares in the last quarter. Hedge funds and other institutional investors own 58.55% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on XPOF. B. Riley lowered their target price on Xponential Fitness from $12.00 to $9.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Stifel Nicolaus lowered Xponential Fitness from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $20.00 to $12.00 in a research note on Friday, March 14th. Northland Securities initiated coverage on Xponential Fitness in a research note on Thursday, January 23rd. They issued a "market perform" rating and a $17.50 target price for the company. Piper Sandler lowered their price target on shares of Xponential Fitness from $16.00 to $9.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Finally, Northland Capmk upgraded shares of Xponential Fitness to a "hold" rating in a research report on Thursday, January 23rd. Six equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $15.28.

Xponential Fitness Stock Up 1.3 %

Shares of XPOF traded up $0.10 during trading on Thursday, reaching $7.55. 261,269 shares of the company traded hands, compared to its average volume of 688,086. The stock has a 50-day simple moving average of $10.16 and a 200-day simple moving average of $13.10. The stock has a market cap of $366.05 million, a PE ratio of -6.51 and a beta of 1.57. Xponential Fitness, Inc. has a twelve month low of $6.64 and a twelve month high of $18.95.

Xponential Fitness (NYSE:XPOF - Get Free Report) last posted its earnings results on Thursday, March 13th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.63). Xponential Fitness had a negative net margin of 9.15% and a negative return on equity of 4.37%. The company had revenue of $83.22 million during the quarter, compared to analyst estimates of $81.12 million. During the same quarter last year, the business posted $0.08 EPS. The firm's revenue for the quarter was down 6.8% on a year-over-year basis. On average, equities research analysts predict that Xponential Fitness, Inc. will post 0.61 EPS for the current 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.