Millennium Management LLC Sells 256,514 Shares of Xponential Fitness, Inc. (NYSE:XPOF)

Millennium Management LLC trimmed its holdings in shares of Xponential Fitness, Inc. (NYSE:XPOF - Free Report) by 39.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 398,671 shares of the company's stock after selling 256,514 shares during the period. Millennium Management LLC owned 0.83% of Xponential Fitness worth $6,219,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Kent Lake Capital LLC increased its stake in shares of Xponential Fitness by 276.0% in the 1st quarter. Kent Lake Capital LLC now owns 882,443 shares of the company's stock valued at $14,596,000 after acquiring an additional 647,743 shares during the last quarter. Hiddenite Capital Partners LP bought a new position in shares of Xponential Fitness during the second quarter worth $2,730,000. Nut Tree Capital Management LP grew its holdings in shares of Xponential Fitness by 74.3% in the 1st quarter. Nut Tree Capital Management LP now owns 250,000 shares of the company's stock valued at $4,135,000 after buying an additional 106,587 shares during the period. AQR Capital Management LLC increased its position in shares of Xponential Fitness by 684.4% in the 2nd quarter. AQR Capital Management LLC now owns 109,963 shares of the company's stock valued at $1,715,000 after buying an additional 95,945 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in Xponential Fitness during the 2nd quarter worth $1,076,000. 58.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Xponential Fitness

In other news, President Sarah Luna sold 14,400 shares of the 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 transaction, the president now directly owns 290,297 shares of the company's stock, valued at $4,020,613.45. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 47.83% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Raymond James dropped their price target on 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. Roth Mkm cut their price target on shares of Xponential Fitness from $22.00 to $19.00 and set a "buy" rating on the stock in a research note on Friday, August 2nd. Piper Sandler restated a "neutral" rating and set a $13.00 price objective (down from $14.00) on shares of Xponential Fitness in a report on Friday, August 2nd. Robert W. Baird reduced their target price on shares of Xponential Fitness from $16.00 to $15.00 and set a "neutral" rating for the company in a research note on Friday, August 2nd. Finally, Guggenheim increased their target price on Xponential Fitness from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, June 18th. Four investment 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 data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $17.28.

Xponential Fitness Trading Up 1.7 %

Shares of Xponential Fitness stock traded up $0.20 on Friday, reaching $12.20. 181,179 shares of the company were exchanged, compared to its average volume of 694,088. The company has a market capitalization of $586.48 million, a price-to-earnings ratio of -21.04 and a beta of 1.18. Xponential Fitness, Inc. has a one year low of $7.40 and a one year high of $18.95. The company has a 50-day moving average of $13.17 and a 200 day moving average of $13.54.

Xponential Fitness (NYSE:XPOF - Get Free Report) last posted 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). Xponential Fitness had a negative return on equity of 9.35% and a negative net margin of 6.51%. The firm had revenue of $76.50 million for the quarter, compared to the consensus estimate of $83.63 million. During the same period last year, the company posted $0.07 earnings per share. The business's revenue was down 1.0% compared to the same quarter last year. Analysts predict that Xponential Fitness, Inc. will post 0.79 earnings per share 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.