Diametric Capital LP grew its holdings in Xponential Fitness, Inc. (NYSE:XPOF - Free Report) by 196.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 145,118 shares of the company's stock after buying an additional 96,246 shares during the quarter. Xponential Fitness comprises 1.3% of Diametric Capital LP's investment portfolio, making the stock its 10th biggest holding. Diametric Capital LP owned 0.30% of Xponential Fitness worth $1,952,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. JPMorgan Chase & Co. increased its holdings in Xponential Fitness by 380.9% in the fourth quarter. JPMorgan Chase & Co. now owns 57,034 shares of the company's stock valued at $767,000 after buying an additional 45,173 shares in the last quarter. EntryPoint Capital LLC purchased a new position in Xponential Fitness in the 4th quarter valued at approximately $177,000. Corient Private Wealth LLC raised its holdings in Xponential Fitness by 94.6% during the fourth quarter. Corient Private Wealth LLC now owns 124,254 shares of the company's stock worth $1,671,000 after purchasing an additional 60,407 shares during the last quarter. AlphaQuest LLC boosted its position in Xponential Fitness by 335.9% during the fourth quarter. AlphaQuest LLC now owns 4,843 shares of the company's stock worth $65,000 after purchasing an additional 3,732 shares in the last quarter. Finally, PCJ Investment Counsel Ltd. acquired a new stake in Xponential Fitness in the fourth quarter valued at $2,192,000. Institutional investors and hedge funds own 58.55% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the stock. Piper Sandler decreased their price objective 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. Northland Securities began coverage on shares of Xponential Fitness in a report on Thursday, January 23rd. They issued a "market perform" rating and a $17.50 price target on the stock. Lake Street Capital lowered their price target on shares of Xponential Fitness from $20.00 to $16.00 and set a "buy" rating on the stock in a research report on Friday, March 14th. Stifel Nicolaus downgraded Xponential Fitness from a "buy" rating to a "hold" rating and cut their price objective for the stock from $20.00 to $12.00 in a research report on Friday, March 14th. Finally, Northland Capmk upgraded Xponential Fitness to a "hold" rating in a report on Thursday, January 23rd. Six research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $15.28.
Read Our Latest Stock Analysis on Xponential Fitness
Xponential Fitness Price Performance
NYSE:XPOF traded down $0.50 during mid-day trading on Friday, reaching $7.54. The company's stock had a trading volume of 726,920 shares, compared to its average volume of 652,173. Xponential Fitness, Inc. has a twelve month low of $7.16 and a twelve month high of $18.95. The company's fifty day simple moving average is $13.27 and its two-hundred day simple moving average is $13.69. The stock has a market cap of $365.33 million, a P/E ratio of -6.50 and a beta of 1.38.
Xponential Fitness (NYSE:XPOF - Get Free Report) last released its earnings results on Thursday, March 13th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.63). The company had revenue of $83.22 million during the quarter, compared to analysts' expectations of $81.12 million. Xponential Fitness had a negative net margin of 9.15% and a negative return on equity of 4.37%. Xponential Fitness's revenue for the quarter was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.08 earnings per share. Sell-side analysts expect that Xponential Fitness, Inc. will post 0.61 EPS for the current fiscal year.
About Xponential Fitness
(
Free Report)
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.
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