Shares of Xponential Fitness, Inc. (NYSE:XPOF – Get Rating) have received a consensus recommendation of “Buy” from the eleven research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $24.83.
A number of analysts have issued reports on XPOF shares. Robert W. Baird lifted their target price on shares of Xponential Fitness from $26.00 to $28.00 in a research note on Monday, March 14th. Evercore ISI began coverage on shares of Xponential Fitness in a research note on Monday, March 14th. They issued an “outperform” rating and a $34.00 price objective for the company. Zacks Investment Research cut shares of Xponential Fitness from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 9th. Finally, Raymond James reduced their price objective on shares of Xponential Fitness from $28.00 to $27.00 and set a “strong-buy” rating for the company in a research note on Friday, March 4th.
NYSE XPOF opened at $23.50 on Friday. The company has a 50 day moving average price of $21.86 and a two-hundred day moving average price of $19.57. Xponential Fitness has a 12-month low of $9.87 and a 12-month high of $26.90.
Xponential Fitness (NYSE:XPOF – Get Rating) last posted its earnings results on Thursday, March 3rd. The company reported ($0.21) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.21). The business had revenue of $49.37 million during the quarter, compared to analyst estimates of $42.58 million. As a group, analysts anticipate that Xponential Fitness will post 1.06 EPS for the current fiscal year.
In related news, Director Mark Grabowski sold 5,175,000 shares of the business’s stock in a transaction on Monday, April 11th. The shares were sold at an average price of $20.00, for a total transaction of $103,500,000.00. Following the transaction, the director now owns 6,122 shares of the company’s stock, valued at $122,440. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its position in Xponential Fitness by 44.4% during the fourth quarter. BlackRock Inc. now owns 589,734 shares of the company’s stock worth $12,054,000 after acquiring an additional 181,384 shares during the period. Teacher Retirement System of Texas bought a new stake in Xponential Fitness in the 3rd quarter valued at $5,393,000. Citadel Advisors LLC bought a new stake in Xponential Fitness in the 3rd quarter valued at $3,969,000. Caas Capital Management LP bought a new stake in Xponential Fitness in the 3rd quarter valued at $2,855,000. Finally, Cinctive Capital Management LP bought a new stake in Xponential Fitness in the 3rd quarter valued at $2,416,000. 21.40% of the stock is currently owned by institutional investors and hedge funds.
About Xponential Fitness (Get Rating)
Xponential Fitness, Inc, through its subsidiaries, operates as a boutique fitness franchisor in the United States and internationally. The company offers fitness and wellness services, including pilates, barre, cycling, stretching, rowing, yoga, boxing, dancing, running, and functional training under the Club Pilates, Pure Barre, CycleBar, StretchLab, Row House, YogaSix, Rumble, AKT, Stride, and BFT brands.
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