Xponential Fitness, Inc. (NYSE:XPOF) Shares Sold by Bank of America Corp DE

Bank of America Corp DE lessened its holdings in Xponential Fitness, Inc. (NYSE:XPOF - Free Report) by 81.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,311 shares of the company's stock after selling 215,041 shares during the period. Bank of America Corp DE owned about 0.10% of Xponential Fitness worth $677,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of Xponential Fitness by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 539,904 shares of the company's stock worth $7,263,000 after purchasing an additional 1,468 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Xponential Fitness by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 199,092 shares of the company's stock worth $2,678,000 after buying an additional 3,712 shares during the period. AlphaQuest LLC lifted its holdings in Xponential Fitness by 335.9% in the 4th quarter. AlphaQuest LLC now owns 4,843 shares of the company's stock worth $65,000 after buying an additional 3,732 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Xponential Fitness by 35.1% during the fourth quarter. Wells Fargo & Company MN now owns 14,860 shares of the company's stock valued at $200,000 after acquiring an additional 3,860 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in Xponential Fitness by 17.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 26,700 shares of the company's stock valued at $359,000 after purchasing an additional 3,915 shares in the last quarter. Institutional investors and hedge funds own 58.55% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on XPOF. B. Riley decreased their price target 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 research note on Monday, May 12th. Piper Sandler decreased their price target on Xponential Fitness from $16.00 to $9.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Stifel Nicolaus cut Xponential Fitness from a "buy" rating to a "hold" rating and cut their price objective for the company from $20.00 to $12.00 in a research note on Friday, March 14th. Finally, Lake Street Capital decreased their target price on Xponential Fitness from $20.00 to $16.00 and set a "buy" rating for the company in a research report on Friday, March 14th. Six research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $13.94.

Xponential Fitness Stock Down 6.9%

XPOF stock traded down $0.61 during mid-day trading on Friday, reaching $8.18. The company had a trading volume of 447,688 shares, compared to its average volume of 603,873. The stock has a market capitalization of $398.08 million, a P/E ratio of -7.05 and a beta of 1.56. The stock's 50-day simple moving average is $8.39 and its two-hundred day simple moving average is $11.95. Xponential Fitness, Inc. has a one year low of $6.64 and a one year high of $18.95.

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 analysts' consensus estimates of $0.15 by ($0.35). The business had revenue of $76.88 million for the quarter, compared to analyst estimates of $75.37 million. Xponential Fitness had a negative return on equity of 4.37% and a negative net margin of 9.15%. The company's revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 EPS. On average, research analysts forecast that Xponential Fitness, Inc. will post 0.61 EPS for the current fiscal 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.