Xponential Fitness, Inc. (NYSE:XPOF) Short Interest Update



Xponential Fitness, Inc. (NYSE:XPOFGet Rating) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 769,700 shares, an increase of 20.5% from the May 31st total of 638,800 shares. Approximately 4.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 426,500 shares, the short-interest ratio is presently 1.8 days.

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Several analysts recently issued reports on XPOF shares. Evercore ISI began coverage on shares of Xponential Fitness in a research note on Monday, March 14th. They set an “outperform” rating and a $34.00 price objective for the company. Robert W. Baird increased their price target on 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 assigned a strong buy rating to the stock. According to MarketBeat.com, Xponential Fitness presently has an average rating of “Buy” and a consensus target price of $24.83.

XPOF opened at $13.01 on Thursday. The stock has a market capitalization of $635.08 million and a PE ratio of -2.79. Xponential Fitness has a one year low of $9.87 and a one year high of $26.90. The business’s 50 day moving average price is $15.87 and its 200 day moving average price is $18.69.

Xponential Fitness (NYSE:XPOFGet Rating) last announced its quarterly earnings results on Thursday, May 12th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.34). The business had revenue of $50.36 million during the quarter, compared to analyst estimates of $45.48 million. Xponential Fitness had a negative net margin of 17.11% and a negative return on equity of 24.68%. As a group, equities analysts predict that Xponential Fitness will post 0.72 earnings per share for the current year.

In other news, Director Mark Grabowski sold 5,175,000 shares of Xponential Fitness stock in a transaction that occurred on Monday, April 11th. The stock was sold at an average price of $20.00, for a total value of $103,500,000.00. Following the sale, the director now directly owns 6,122 shares of the company’s stock, valued at $122,440. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 69.33% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Frontier Capital Management Co. LLC increased its position in shares of Xponential Fitness by 30.8% during the first quarter. Frontier Capital Management Co. LLC now owns 103,665 shares of the company’s stock valued at $2,430,000 after acquiring an additional 24,417 shares during the last quarter. Divisadero Street Capital Management LP purchased a new position in shares of Xponential Fitness during the 4th quarter worth approximately $2,024,000. Panagora Asset Management Inc. acquired a new stake in Xponential Fitness in the 4th quarter valued at approximately $971,000. Renaissance Technologies LLC purchased a new stake in Xponential Fitness in the fourth quarter valued at approximately $3,542,000. Finally, Brown Advisory Inc. acquired a new position in Xponential Fitness during the fourth quarter worth $238,000. 60.65% of the stock is owned by institutional investors.

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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