Marshall Wace LLP Decreases Stake in Xponential Fitness, Inc. (NYSE:XPOF)

Marshall Wace LLP reduced its stake in Xponential Fitness, Inc. (NYSE:XPOF - Free Report) by 12.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 886,410 shares of the company's stock after selling 131,611 shares during the period. Marshall Wace LLP owned 1.84% of Xponential Fitness worth $13,828,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. nVerses Capital LLC purchased a new position in shares of Xponential Fitness during the second quarter worth approximately $34,000. Canada Pension Plan Investment Board purchased a new position in shares of Xponential Fitness during the second quarter worth approximately $72,000. Dnca Finance purchased a new position in shares of Xponential Fitness during the second quarter worth approximately $107,000. Victory Capital Management Inc. purchased a new position in shares of Xponential Fitness during the second quarter worth approximately $227,000. Finally, Principal Financial Group Inc. purchased a new position in shares of Xponential Fitness during the first quarter worth approximately $278,000. 58.55% of the stock is currently owned by hedge funds and other institutional investors.

Xponential Fitness Trading Up 0.4 %

Shares of NYSE:XPOF traded up $0.05 during midday trading on Friday, hitting $12.29. 186,312 shares of the stock were exchanged, compared to its average volume of 717,119. The stock has a market cap of $590.80 million, a P/E ratio of -21.56 and a beta of 1.19. Xponential Fitness, Inc. has a twelve month low of $7.40 and a twelve month high of $18.95. The company has a 50 day moving average price of $14.11 and a 200-day moving average price of $13.69.

Xponential Fitness (NYSE:XPOF - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.22). The firm had revenue of $76.50 million for the quarter, compared to analyst estimates of $83.63 million. Xponential Fitness had a negative return on equity of 9.35% and a negative net margin of 6.51%. The company's quarterly revenue was down 1.0% compared to the same quarter last year. During the same period last year, the firm earned $0.07 EPS. On average, equities research analysts expect that Xponential Fitness, Inc. will post 0.79 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Piper Sandler restated a "neutral" rating and set a $13.00 target price (down from $14.00) on shares of Xponential Fitness in a research report on Friday, August 2nd. Raymond James lowered their price objective on shares of Xponential Fitness from $30.00 to $20.00 and set a "strong-buy" rating on the stock in a research report on Friday, August 2nd. Robert W. Baird lowered their price objective on shares of Xponential Fitness from $16.00 to $15.00 and set a "neutral" rating on the stock in a research report on Friday, August 2nd. Guggenheim lifted their price objective on shares of Xponential Fitness from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Tuesday, June 18th. Finally, Roth Mkm lowered their price objective on shares of Xponential Fitness from $22.00 to $19.00 and set a "buy" rating on the stock in a research report on Friday, August 2nd. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $17.28.

Insider Activity at Xponential Fitness

In related news, President Sarah Luna sold 14,400 shares of the business's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $13.85, for a total value of $199,440.00. Following the completion of the transaction, the president now owns 290,297 shares of the company's stock, valued at approximately $4,020,613.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 47.83% of the stock is currently owned by corporate insiders.

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.