Xponential Fitness, Inc. (NYSE:XPOF – Get Rating) was the recipient of a large decline in short interest in May. As of May 31st, there was short interest totalling 638,800 shares, a decline of 50.1% from the May 15th total of 1,280,000 shares. Approximately 4.0% of the company’s stock are sold short. Based on an average daily trading volume, of 399,100 shares, the short-interest ratio is currently 1.6 days.
Several research firms have recently commented on XPOF. Evercore ISI began coverage on shares of Xponential Fitness in a research report on Monday, March 14th. They set an “outperform” rating and a $34.00 price target for the company. Raymond James reduced their target price on shares of Xponential Fitness from $28.00 to $27.00 and set a “strong-buy” rating for the company in a report on Friday, March 4th. Finally, Robert W. Baird increased their target price on shares of Xponential Fitness from $26.00 to $28.00 in a report on Monday, March 14th. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Xponential Fitness currently has a consensus rating of “Buy” and a consensus target price of $24.83.
Xponential Fitness stock opened at $15.62 on Friday. The firm has a market cap of $762.41 million and a PE ratio of -3.34. Xponential Fitness has a 52-week low of $9.87 and a 52-week high of $26.90. The company’s 50 day moving average is $19.29 and its two-hundred day moving average is $19.64.
Xponential Fitness (NYSE:XPOF – Get Rating) last issued its quarterly earnings data on Thursday, May 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.34). Xponential Fitness had a negative return on equity of 24.68% and a negative net margin of 17.11%. The business had revenue of $50.36 million for the quarter, compared to analysts’ expectations of $45.48 million. Analysts predict that Xponential Fitness will post 0.95 EPS for the current year.
In other 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 sale, the director now owns 6,122 shares in the company, valued at approximately $122,440. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 69.33% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its position in shares of Xponential Fitness by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 24,522 shares of the company’s stock worth $502,000 after purchasing an additional 658 shares in the last quarter. Rice Hall James & Associates LLC lifted its position in shares of Xponential Fitness by 0.6% during the first quarter. Rice Hall James & Associates LLC now owns 180,345 shares of the company’s stock worth $4,227,000 after purchasing an additional 1,000 shares in the last quarter. American International Group Inc. lifted its position in shares of Xponential Fitness by 23.9% during the first quarter. American International Group Inc. now owns 6,115 shares of the company’s stock worth $143,000 after purchasing an additional 1,181 shares in the last quarter. Citigroup Inc. lifted its position in shares of Xponential Fitness by 119.8% during the fourth quarter. Citigroup Inc. now owns 2,372 shares of the company’s stock worth $48,000 after purchasing an additional 1,293 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its position in shares of Xponential Fitness by 3.3% during the fourth quarter. Squarepoint Ops LLC now owns 103,274 shares of the company’s stock worth $2,111,000 after purchasing an additional 3,274 shares in the last quarter. Institutional investors and hedge funds own 60.65% of the company’s stock.
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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