Ameriprise Financial Inc. Has $23.02 Million Stock Holdings in Xponential Fitness, Inc. (NYSE:XPOF)

Ameriprise Financial Inc. grew its holdings in Xponential Fitness, Inc. (NYSE:XPOF - Free Report) by 5.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,711,592 shares of the company's stock after acquiring an additional 92,477 shares during the period. Ameriprise Financial Inc. owned about 3.54% of Xponential Fitness worth $23,021,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. AlphaQuest LLC increased its stake in shares of Xponential Fitness by 335.9% in the 4th quarter. AlphaQuest LLC now owns 4,843 shares of the company's stock valued at $65,000 after purchasing an additional 3,732 shares in the last quarter. Financial Management Professionals Inc. increased its position in shares of Xponential Fitness by 117.6% in the fourth quarter. Financial Management Professionals Inc. now owns 5,021 shares of the company's stock valued at $68,000 after buying an additional 2,714 shares in the last quarter. Asset Planning Inc acquired a new position in shares of Xponential Fitness during the 4th quarter worth approximately $71,000. Mariner LLC purchased a new position in shares of Xponential Fitness during the 4th quarter valued at approximately $163,000. Finally, EntryPoint Capital LLC purchased a new stake in Xponential Fitness in the 4th quarter worth $177,000. Institutional investors and hedge funds own 58.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. B. Riley reduced their target price on shares of Xponential Fitness from $12.00 to $9.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. Guggenheim restated a "buy" rating and issued a $13.00 target price on shares of Xponential Fitness in a report on Monday, May 12th. Northland Capmk upgraded Xponential Fitness to a "hold" rating in a report on Thursday, January 23rd. Piper Sandler dropped their price objective on shares of Xponential Fitness from $16.00 to $9.00 and set a "neutral" rating for the company in a report on Friday, March 14th. Finally, Raymond James cut their price objective on shares of Xponential Fitness from $16.00 to $15.00 and set a "strong-buy" rating for the company in a research report on Friday, May 9th. Six research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $13.94.

Xponential Fitness Price Performance

Shares of NYSE:XPOF traded up $0.09 on Tuesday, reaching $8.98. 28,341 shares of the company traded hands, compared to its average volume of 716,747. The stock has a market capitalization of $435.14 million, a PE ratio of -7.72 and a beta of 1.57. The company's 50 day moving average is $8.20 and its 200-day moving average is $12.62. Xponential Fitness, Inc. has a fifty-two week low of $6.64 and a fifty-two week high of $18.95.

Xponential Fitness (NYSE:XPOF - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.35). Xponential Fitness had a negative net margin of 9.15% and a negative return on equity of 4.37%. The company had revenue of $76.88 million for the quarter, compared to analysts' expectations of $75.37 million. During the same period in the prior year, the company earned $0.16 earnings per share. The company's revenue for the quarter was down 3.4% on a year-over-year basis. As a group, analysts expect that Xponential Fitness, Inc. will post 0.61 EPS for the current year.

Xponential Fitness Profile

Xponential Fitness, Inc, through its subsidiaries, operates as a boutique fitness franchisor in North America. It offers pilates, indoor cycling, barre, stretching, rowing, dancing, boxing, running, functional training, and yoga services under the Club Pilates, Pure Barre, CycleBar, StretchLab, Row House, YogaSix, Rumble, AKT, Stride, and BFT brands.