Xponential Fitness (NYSE: XPOF – Get Rating) announced its earnings results on Thursday. The company reported earnings ($0.19) per share for the quarter, topping the consensus estimate of $0.15 by ($0.34), according to MarketWatch earnings reports. Xponential Fitness has updated its fiscal year 2022 guidance to EPS.
NYSE: XPOF shares opened at $14.37 on Friday. Xponential Fitness recorded a one-year low of $9.87 and a one-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 sold at an average price of $20.00, for a total of $103.500.000.00 of transactions. Following the completion of the sale, the manager now directly owns 6,122 shares in the company, valued at approximately $122,440. The sale was disclosed on file with the SEC, which can be accessed through this link. 69.33% of the shares are owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock boosted its stake in Xponential Fitness by 44.4% during the 4th quarter. BlackRock now owns 589,734 shares of the company’s stock, valued at $1,054,000 after acquiring an additional 181,384 shares last quarter. Invesco Ltd. acquired a new position in Xponential Fitness during the third quarter valued at approximately $939,000. Geode Capital Management LLC raised its stake in Xponential Fitness by 90.3% in the fourth quarter. Geode Capital Management LLC now owns 155,542 shares of the company’s stock valued at $3,179,000 after purchasing an additional 73,809 shares during the last quarter. Sei Investments purchased a new stake in shares of Xponential Fitness during the first quarter valued at $1,303,000. Finally, Bank of New York Mellon Corp increased its stake in Xponential Fitness by 136.5% in the first quarter. Bank of New York Mellon Corp. now owns 62,171 shares of the company’s stock, valued at $1,457,000 after purchasing an additional 35,885 shares during the last quarter. Institutional investors own 60.65% of the company’s stock.
Several research companies have recently focused on XPOF. Raymond James lowered his price target for Xponential Fitness shares from $28.00 to $27.00 and assigned a “strong buy” rating to 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 a “superior” rating and a target price of $34.00 per share. Zacks Investment Research cut Xponential Fitness from a “buy strong” rating to a “hold” rating in a research note 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 research analyst has rated the stocks 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 currently has an average rating of “buy” and an agreed 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.
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