Balyasny Asset Management L.P. Decreases Stake in Xponential Fitness, Inc. (NYSE:XPOF)

Balyasny Asset Management L.P. reduced its stake in shares of Xponential Fitness, Inc. (NYSE:XPOF - Free Report) by 41.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,845 shares of the company's stock after selling 77,241 shares during the period. Balyasny Asset Management L.P. owned 0.23% of Xponential Fitness worth $1,491,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Nut Tree Capital Management LP raised its position in shares of Xponential Fitness by 5.0% during the 4th quarter. Nut Tree Capital Management LP now owns 3,151,722 shares of the company's stock worth $42,391,000 after purchasing an additional 150,000 shares during the last quarter. Voss Capital LP boosted its position in Xponential Fitness by 3.6% during the fourth quarter. Voss Capital LP now owns 2,940,000 shares of the company's stock worth $39,543,000 after acquiring an additional 101,912 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Xponential Fitness by 5.7% in the 4th quarter. Ameriprise Financial Inc. now owns 1,711,592 shares of the company's stock valued at $23,021,000 after acquiring an additional 92,477 shares during the last quarter. Marshall Wace LLP raised its holdings in Xponential Fitness by 564.8% in the 4th quarter. Marshall Wace LLP now owns 640,769 shares of the company's stock valued at $8,618,000 after acquiring an additional 544,382 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Xponential Fitness by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 539,904 shares of the company's stock valued at $7,263,000 after acquiring an additional 1,468 shares during the last quarter. 58.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on XPOF shares. Northland Capmk upgraded Xponential Fitness to a "hold" rating in a report on Thursday, January 23rd. Piper Sandler cut their price target on Xponential Fitness from $16.00 to $9.00 and set a "neutral" rating for the company in a report on Friday, March 14th. Stifel Nicolaus downgraded Xponential Fitness from a "buy" rating to a "hold" rating and cut their price target for the company from $20.00 to $12.00 in a report on Friday, March 14th. B. Riley cut their price target on Xponential Fitness from $12.00 to $9.00 and set a "neutral" rating for the company in a report on Friday, March 14th. Finally, Lake Street Capital cut their price target on Xponential Fitness from $20.00 to $16.00 and set a "buy" rating for the company in a report on Friday, March 14th. Six analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $13.94.

Xponential Fitness Stock Down 3.3%

Shares of NYSE XPOF traded down $0.30 during trading on Monday, hitting $8.88. 848,869 shares of the company traded hands, compared to its average volume of 625,955. Xponential Fitness, Inc. has a 1 year low of $6.64 and a 1 year high of $18.95. The company has a 50-day moving average price of $8.20 and a 200-day moving average price of $12.62. The firm has a market capitalization of $430.54 million, a P/E ratio of -7.66 and a beta of 1.57.

Xponential Fitness (NYSE:XPOF - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.20) earnings per share (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 during the quarter, compared to analyst estimates of $75.37 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The firm's revenue for the quarter was down 3.4% on a year-over-year basis. Research analysts predict that Xponential Fitness, Inc. will post 0.61 EPS for the current fiscal year.

Xponential Fitness Company 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.