Renaissance Technologies LLC Sells 56,700 Shares of Xponential Fitness, Inc. (NYSE:XPOF)

Renaissance Technologies LLC decreased its position in shares of Xponential Fitness, Inc. (NYSE:XPOF - Free Report) by 24.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 175,400 shares of the company's stock after selling 56,700 shares during the quarter. Renaissance Technologies LLC owned about 0.36% of Xponential Fitness worth $2,736,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of XPOF. Kent Lake Capital LLC grew its position in shares of Xponential Fitness by 276.0% during the 1st quarter. Kent Lake Capital LLC now owns 882,443 shares of the company's stock worth $14,596,000 after buying an additional 647,743 shares during the period. Hiddenite Capital Partners LP acquired a new stake in Xponential Fitness in the 2nd quarter valued at $2,730,000. Nut Tree Capital Management LP acquired a new stake in Xponential Fitness in the 4th quarter valued at $1,849,000. CenterBook Partners LP acquired a new stake in Xponential Fitness in the 4th quarter valued at $1,351,000. Finally, Oak Ridge Investments LLC grew its position in Xponential Fitness by 9.9% in the 1st quarter. Oak Ridge Investments LLC now owns 194,109 shares of the company's stock valued at $3,211,000 after purchasing an additional 17,411 shares during the period. Institutional investors and hedge funds own 58.55% of the company's stock.

Insider Transactions at Xponential Fitness

In other news, President Sarah Luna sold 14,400 shares of Xponential Fitness stock in a transaction on Friday, September 13th. The stock was sold at an average price of $13.85, for a total transaction of $199,440.00. Following the sale, the president now directly owns 290,297 shares in the company, valued at approximately $4,020,613.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 47.83% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on XPOF shares. Piper Sandler reissued a "neutral" rating and issued a $13.00 price target (down previously from $14.00) on shares of Xponential Fitness in a research report on Friday, August 2nd. Guggenheim lifted their price target 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. Raymond James reduced their price target on shares of Xponential Fitness from $30.00 to $20.00 and set a "strong-buy" rating for the company in a research report on Friday, August 2nd. B. Riley lifted their price target on shares of Xponential Fitness from $9.00 to $12.00 and gave the company a "neutral" rating in a research report on Monday, August 5th. Finally, Roth Capital raised shares of Xponential Fitness to a "strong-buy" rating in a research report on Monday, June 17th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $17.28.

Xponential Fitness Price Performance

Shares of NYSE XPOF traded down $0.54 during mid-day trading on Tuesday, reaching $11.87. 313,080 shares of the company's stock were exchanged, compared to its average volume of 712,474. The firm has a market capitalization of $571.54 million, a price-to-earnings ratio of -20.82 and a beta of 1.19. Xponential Fitness, Inc. has a 52 week low of $7.40 and a 52 week high of $18.95. The firm has a 50-day moving average price of $13.88 and a two-hundred day moving average price of $13.64.

Xponential Fitness (NYSE:XPOF - Get Free Report) last released its earnings results on Thursday, August 1st. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.22). The business had revenue of $76.50 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.07 earnings per share. As a group, sell-side analysts forecast that Xponential Fitness, Inc. will post 0.79 EPS for the current fiscal year.

About Xponential Fitness

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.