Northland Securities Initiates Coverage on Xponential Fitness (NYSE:XPOF)

Northland Securities initiated coverage on shares of Xponential Fitness (NYSE:XPOF - Free Report) in a research note issued to investors on Thursday morning, MarketBeat Ratings reports. The firm issued a market perform rating and a $17.50 price target on the stock.

Several other brokerages have also recently weighed in on XPOF. Stifel Nicolaus raised their price target on shares of Xponential Fitness from $18.00 to $20.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Piper Sandler boosted their price target on shares of Xponential Fitness from $12.00 to $16.00 and gave the stock a "neutral" rating in a research report on Monday, January 6th. Five investment 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. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $17.60.

Xponential Fitness Trading Down 3.1 %

Shares of NYSE XPOF traded down $0.51 during mid-day trading on Thursday, reaching $15.92. 251,616 shares of the company's stock were exchanged, compared to its average volume of 358,659. Xponential Fitness has a twelve month low of $7.40 and a twelve month high of $18.95. The firm has a market capitalization of $768.69 million, a price-to-earnings ratio of -13.72 and a beta of 1.30. The business has a fifty day simple moving average of $14.80 and a 200 day simple moving average of $14.27.

Xponential Fitness (NYSE:XPOF - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.22). The company had revenue of $80.49 million during the quarter, compared to the consensus estimate of $76.85 million. Xponential Fitness had a negative net margin of 9.15% and a negative return on equity of 4.37%. During the same period in the prior year, the firm posted $0.11 earnings per share. Equities research analysts predict that Xponential Fitness will post 0.61 earnings per share for the current fiscal year.

Insider Transactions at Xponential Fitness

In related news, Director Mark Grabowski sold 2,595,598 shares of the company's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $15.35, for a total value of $39,842,429.30. Following the transaction, the director now owns 30,546 shares in the company, valued at approximately $468,881.10. This represents a 98.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 47.83% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Xponential Fitness

A number of institutional investors have recently made changes to their positions in XPOF. Quarry LP lifted its holdings in Xponential Fitness by 80.4% during the 2nd quarter. Quarry LP now owns 3,692 shares of the company's stock worth $58,000 after purchasing an additional 1,646 shares during the last quarter. Financial Management Professionals Inc. increased its position in Xponential Fitness by 117.6% during the 4th 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 during the period. Canada Pension Plan Investment Board acquired a new stake in shares of Xponential Fitness during the second quarter worth $72,000. SG Americas Securities LLC bought a new stake in shares of Xponential Fitness in the third quarter valued at about $107,000. Finally, Centiva Capital LP acquired a new position in shares of Xponential Fitness in the third quarter valued at about $183,000. Institutional investors own 58.55% of the company's stock.

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.