Xponential Fitness (NYSE:XPOF – Get Rating) announced its earnings results on Thursday. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.34), MarketWatch Earnings reports. Xponential Fitness updated its FY 2022 guidance to EPS.
Shares of NYSE:XPOF opened at $14.37 on Friday. Xponential Fitness has a 1 year low of $9.87 and a 1 year high of $26.90. The business has a fifty day simple moving average of $21.53 and a 200 day simple moving average of $20.10.
In other news, Director Mark Grabowski sold 5,175,000 shares of Xponential Fitness stock in a transaction dated Monday, April 11th. The stock was sold at an average price of $20.00, for a total transaction of $103,500,000.00. Following the completion of the sale, the director now directly owns 6,122 shares in the company, valued at approximately $122,440. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 69.33% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in shares of Xponential Fitness by 44.4% during the 4th quarter. BlackRock Inc. now owns 589,734 shares of the company’s stock worth $12,054,000 after acquiring an additional 181,384 shares in the last quarter. Invesco Ltd. acquired a new position in Xponential Fitness during the third quarter valued at approximately $939,000. Geode Capital Management LLC lifted its stake in shares of Xponential Fitness by 90.3% in the fourth quarter. Geode Capital Management LLC now owns 155,542 shares of the company’s stock worth $3,179,000 after buying an additional 73,809 shares during the last quarter. Sei Investments Co. bought a new stake in shares of Xponential Fitness during the 1st quarter worth $1,303,000. Finally, Bank of New York Mellon Corp grew its stake in Xponential Fitness by 136.5% in the 1st quarter. Bank of New York Mellon Corp now owns 62,171 shares of the company’s stock valued at $1,457,000 after buying an additional 35,885 shares during the last quarter. Institutional investors own 60.65% of the company’s stock.
Several research firms have recently weighed in on XPOF. 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 report on Friday, March 4th. Evercore ISI began coverage on Xponential Fitness in a research report on Monday, March 14th. They set an “outperform” rating and a $34.00 target price on the stock. Zacks Investment Research cut Xponential Fitness from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 9th. Finally, Robert W. Baird raised their target price on shares of Xponential Fitness from $26.00 to $28.00 in a report on Monday, March 14th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $24.15.
Xponential Fitness Company Profile (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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