Skylands Capital LLC Increases Stake in Xponential Fitness, Inc. (NYSE:XPOF)

Skylands Capital LLC increased its stake in shares of Xponential Fitness, Inc. (NYSE:XPOF - Free Report) by 72.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 164,500 shares of the company's stock after buying an additional 69,042 shares during the quarter. Skylands Capital LLC owned about 0.34% of Xponential Fitness worth $1,370,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Xponential Fitness in the 4th quarter valued at approximately $29,000. Point72 Asset Management L.P. acquired a new position in Xponential Fitness in the fourth quarter valued at approximately $46,000. AlphaQuest LLC grew its position in Xponential Fitness by 335.9% in the fourth quarter. AlphaQuest LLC now owns 4,843 shares of the company's stock worth $65,000 after acquiring an additional 3,732 shares during the period. Mariner LLC acquired a new stake in Xponential Fitness during the fourth quarter worth $163,000. Finally, EntryPoint Capital LLC acquired a new stake in Xponential Fitness during the fourth quarter worth $177,000. Hedge funds and other institutional investors own 58.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on XPOF. B. Riley lowered 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. Wall Street Zen raised shares of Xponential Fitness from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Raymond James Financial lowered their target price on shares of Xponential Fitness from $16.00 to $15.00 and set a "strong-buy" rating for the company in a research note on Friday, May 9th. Stifel Nicolaus downgraded shares of Xponential Fitness from a "buy" rating to a "hold" rating and reduced their price target for the company from $20.00 to $12.00 in a research note on Friday, March 14th. Finally, Lake Street Capital decreased their price objective on shares of Xponential Fitness from $20.00 to $16.00 and set a "buy" rating on the stock in a report on Friday, March 14th. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $13.94.

Xponential Fitness Stock Performance

Shares of XPOF traded up $0.10 during mid-day trading on Wednesday, hitting $7.47. 1,480,309 shares of the company's stock were exchanged, compared to its average volume of 587,152. The stock's 50-day moving average is $8.51 and its 200-day moving average is $11.26. Xponential Fitness, Inc. has a fifty-two week low of $6.64 and a fifty-two week high of $18.95. The company has a market cap of $363.37 million, a price-to-earnings ratio of -3.66 and a beta of 1.46.

Xponential Fitness (NYSE:XPOF - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.35). The company had revenue of $76.88 million for the quarter, compared to analysts' expectations of $75.37 million. During the same quarter in the prior year, the firm posted $0.16 earnings per share. The firm's revenue for the quarter was down 3.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Xponential Fitness, Inc. will post 0.61 EPS for the current year.

About Xponential Fitness

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.