Xponential Fitness (NYSE:XPOF) Stock Price Up 5.8% After Analyst Upgrade

Shares of Xponential Fitness, Inc. (NYSE:XPOF - Get Free Report) shot up 5.8% during mid-day trading on Monday after B. Riley raised their price target on the stock from $28.00 to $31.00. B. Riley currently has a buy rating on the stock. Xponential Fitness traded as high as $12.56 and last traded at $12.20. 92,991 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 673,040 shares. The stock had previously closed at $11.53.

A number of other research analysts have also recently commented on the company. Citigroup lowered their price target on Xponential Fitness from $23.00 to $21.00 and set a "buy" rating on the stock in a report on Monday, March 4th. Stifel Nicolaus reaffirmed a "buy" rating and set a $20.00 price objective on shares of Xponential Fitness in a report on Friday, April 12th. Robert W. Baird reduced their price target on shares of Xponential Fitness from $16.00 to $14.00 and set a "neutral" rating on the stock in a research report on Friday, March 1st. Finally, Bank of America raised their price objective on Xponential Fitness from $13.00 to $15.50 and gave the company a "neutral" rating in a research note on Wednesday, March 13th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $21.94.

Insider Activity

In other news, insider Andrew Hagopian sold 5,260 shares of the business's stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $10.06, for a total transaction of $52,915.60. Following the sale, the insider now owns 228,390 shares in the company, valued at $2,297,603.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO John P. Meloun sold 6,160 shares of the firm's stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $10.09, for a total transaction of $62,154.40. Following the completion of the transaction, the chief financial officer now owns 245,003 shares of the company's stock, valued at $2,472,080.27. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Andrew Hagopian sold 5,260 shares of the company's stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $10.06, for a total value of $52,915.60. Following the completion of the sale, the insider now owns 228,390 shares in the company, valued at approximately $2,297,603.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,632 shares of company stock worth $356,848. Insiders own 47.83% of the company's stock.

Hedge Funds Weigh In On Xponential Fitness

A number of hedge funds have recently made changes to their positions in the company. Voss Capital LLC acquired a new position in shares of Xponential Fitness during the 4th quarter worth approximately $29,776,000. MSD Partners L.P. boosted its position in shares of Xponential Fitness by 116.2% during the 3rd quarter. MSD Partners L.P. now owns 1,761,319 shares of the company's stock valued at $27,300,000 after acquiring an additional 946,757 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Xponential Fitness during the third quarter worth about $10,415,000. Eagle Asset Management Inc. increased its position in Xponential Fitness by 22.0% during the third quarter. Eagle Asset Management Inc. now owns 1,372,839 shares of the company's stock worth $21,279,000 after purchasing an additional 247,115 shares during the last quarter. Finally, Kent Lake Capital LLC purchased a new position in Xponential Fitness during the fourth quarter worth about $3,025,000. Institutional investors and hedge funds own 58.55% of the company's stock.

Xponential Fitness Trading Up 5.5 %

The company has a market capitalization of $577.47 million, a price-to-earnings ratio of -21.35 and a beta of 1.20. The firm's fifty day simple moving average is $13.92 and its two-hundred day simple moving average is $12.90.

Xponential Fitness (NYSE:XPOF - Get Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.02). The firm had revenue of $79.52 million during the quarter, compared to analyst estimates of $78.77 million. Xponential Fitness had a net margin of 1.90% and a negative return on equity of 7.73%. Xponential Fitness's revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.02) earnings per share. As a group, analysts forecast that Xponential Fitness, Inc. will post 1.11 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.