Xponential Fitness, Inc. (NYSE: XPOF – Get Rating) Significant increase in short selling rates during the month of April. As of April 30, there was a short interest of a total of 1,470,000 shares, an increase of 48.5% over the April 15 total of 990,100 shares. Based on average daily volume of 325,500 shares, the interest rate on the short is currently 4.5 days. Currently, 11.3% of the company’s shares are short sold.
NYSE: XPOF opened at $14.37 on Friday. The company has a 50-day moving average of $21.53 and a 200-day moving average of $20.10. Xponential Fitness had a 12-month low of $9.87 and a 12-month high of $26.90.
Xponential Fitness (NYSE: XPOF – Get Rating) posted its latest earnings results on Thursday, May 12. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.15 ($0.34). Xponential Fitness had a negative return on equity of 26.63% and a negative net margin of 17.11%. As a group, research analysts have expected Xponential Fitness to post a profit of 1.06 per share for the current year.
In related news, director Mark Grabowski sold 5,175,000 shares of 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 approximately $122,440. The deal was disclosed in a legal file with the Securities and Exchange Commission, which is available through the Saudi Electricity Company’s website. 69.33% of the shares are currently owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of stock. BlackRock raised its position in Xponential Fitness by 14.9% during the first quarter. BlackRock now owns 677,709 shares of the company’s stock, valued at $15,886,000, after acquiring an additional 87,975 shares during the period. Vanguard Group Inc. filed Its stakes in Xponential Fitness increased 3.0% in the first quarter. Vanguard Group Inc. owns. Now 479,887 shares of the company’s stock are valued at $11,249,000 after purchasing an additional 13,759 shares during the last quarter. Texas Teachers Retirement System purchased a new position in Xponential Fitness in the third quarter valued at approximately $5,393,000. Citadel Advisors LLC purchased a new position in Xponential Fitness in the third quarter valued at approximately $3,969,000. Finally, Caas Capital Management LP acquired a new position in Xponential Fitness in the third quarter valued at approximately $2,855,000. 60.65% of the shares are owned by investment institutions.
A number of equity research analysts have issued reports on the stock. Evercore ISI assumed coverage of Xponential Fitness stock in a report released on Monday, March 14th. They issued a rating of “outstanding” and a target price of $34.00 per share. Raymond James lowered his price target for Xponential Fitness shares from $28.00 to $27.00 and assigned a “strong buy” rating to the stock in a report released on Friday, March 4th. Zacks Investment Research lowered shares of Xponential Fitness from a “buy” rating to a “hold” rating in a report on Wednesday, March 9th. Finally, Robert W. Bird raised the price target for Xponential Fitness shares from $26.00 to $28.00 in a report released on Monday, March 14th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “buy” and a target price of $24.15.
Xponential Fitness Company Profile (Get Rating)
Xponential Fitness, Inc, through its subsidiaries, operates as a boutique fitness franchisee in the United States and internationally. The company offers fitness and wellness services, including Pilates, barbell, cycling, stretching, rowing, yoga, boxing, dance, running, and functional training under Club Pilates, Pure Barre, CycleBar, StretchLab, Row House, and YogaSix, Rumble, AKT, Stride and BFT.
Read more
Receive Xponential Fitness Daily news and reviews Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Xponential Fitness and related companies using MarketBeat.com’s free daily email newsletter.
