Xponential Fitness, Inc. (NYSE:XPOF) Stock Position Lowered by Millennium Management LLC

Millennium Management LLC lessened its holdings in shares of Xponential Fitness, Inc. (NYSE:XPOF - Free Report) by 66.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 152,670 shares of the company's stock after selling 303,568 shares during the quarter. Millennium Management LLC owned 0.32% of Xponential Fitness worth $2,053,000 at the end of the most recent quarter.

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

Xponential Fitness Price Performance

Shares of NYSE:XPOF traded down $0.06 on Tuesday, reaching $9.16. 301,414 shares of the company traded hands, compared to its average volume of 613,913. The stock has a market capitalization of $445.63 million, a PE ratio of -7.89 and a beta of 1.57. The company's 50 day moving average is $8.18 and its 200-day moving average is $12.24. 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) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by ($0.35). Xponential Fitness had a negative return on equity of 4.37% and a negative net margin of 9.15%. The company had revenue of $76.88 million for the quarter, compared to analyst estimates of $75.37 million. During the same period last year, the firm earned $0.16 earnings per share. The firm'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.

Analysts Set New Price Targets

XPOF has been the topic of several research reports. Raymond James dropped their price objective on shares of Xponential Fitness from $16.00 to $15.00 and set a "strong-buy" rating on the stock in a research note on Friday, May 9th. Wall Street Zen raised Xponential Fitness from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Stifel Nicolaus downgraded shares of Xponential Fitness from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $20.00 to $12.00 in a report on Friday, March 14th. Lake Street Capital lowered their target price on shares of Xponential Fitness from $20.00 to $16.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. Finally, Piper Sandler reduced their price target on shares of Xponential Fitness from $16.00 to $9.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Six equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Xponential Fitness presently has an average rating of "Moderate Buy" and a consensus target price of $13.94.

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.