Federated Hermes Inc. Decreases Stock Holdings in Xponential Fitness, Inc. (NYSE:XPOF)

Federated Hermes Inc. decreased its position in shares of Xponential Fitness, Inc. (NYSE:XPOF - Free Report) by 15.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,300,000 shares of the company's stock after selling 235,000 shares during the period. Federated Hermes Inc. owned about 2.74% of Xponential Fitness worth $16,757,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Landscape Capital Management L.L.C. increased its holdings in shares of Xponential Fitness by 66.6% in the third quarter. Landscape Capital Management L.L.C. now owns 135,609 shares of the company's stock valued at $2,102,000 after purchasing an additional 54,204 shares in the last quarter. Voss Capital LLC bought a new position in shares of Xponential Fitness during the fourth quarter worth $29,776,000. MSD Partners L.P. boosted its position in shares of Xponential Fitness by 116.2% during the third quarter. MSD Partners L.P. now owns 1,761,319 shares of the company's stock worth $27,300,000 after purchasing an additional 946,757 shares in the last quarter. Los Angeles Capital Management LLC boosted its position in shares of Xponential Fitness by 4.8% during the third quarter. Los Angeles Capital Management LLC now owns 72,575 shares of the company's stock worth $1,125,000 after purchasing an additional 3,308 shares in the last quarter. Finally, Mcmorgan & Co. LLC boosted its position in shares of Xponential Fitness by 91.6% during the third quarter. Mcmorgan & Co. LLC now owns 116,319 shares of the company's stock worth $1,803,000 after purchasing an additional 55,618 shares in the last quarter. Institutional investors and hedge funds own 58.55% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Bank of America lifted their price target on shares of Xponential Fitness from $13.00 to $15.50 and gave the stock a "neutral" rating in a research report on Wednesday, March 13th. Piper Sandler reissued a "neutral" rating and set a $13.00 price target (down from $21.00) on shares of Xponential Fitness in a research report on Wednesday, January 3rd. Stifel Nicolaus reissued a "buy" rating and set a $20.00 price target on shares of Xponential Fitness in a research 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, Citigroup dropped their price objective on shares of Xponential Fitness from $23.00 to $21.00 and set a "buy" rating on the stock in a report on Monday, March 4th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.06.

Xponential Fitness Price Performance

XPOF stock traded down $0.11 during midday trading on Tuesday, hitting $12.59. The company's stock had a trading volume of 1,479,279 shares, compared to its average volume of 671,457. Xponential Fitness, Inc. has a twelve month low of $8.30 and a twelve month high of $33.58. The company's fifty day moving average price is $13.51 and its 200 day moving average price is $13.01. The stock has a market capitalization of $597.90 million, a P/E ratio of -7.63 and a beta of 1.08.

Xponential Fitness (NYSE:XPOF - Get Free Report) last issued its quarterly earnings results on Thursday, February 29th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.03). Xponential Fitness had a negative net margin of 0.28% and a negative return on equity of 16.60%. The business had revenue of $90.20 million during the quarter, compared to analyst estimates of $81.71 million. During the same quarter in the previous year, the firm posted $0.11 earnings per share. The firm's quarterly revenue was up 26.6% on a year-over-year basis. Equities analysts expect that Xponential Fitness, Inc. will post 1.11 EPS for the current fiscal year.

Insider Transactions at Xponential Fitness

In other news, President Sarah Luna sold 5,399 shares of the business's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $10.01, for a total transaction of $54,043.99. Following the transaction, the president now directly owns 265,247 shares in the company, valued at approximately $2,655,122.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, President Sarah Luna sold 5,399 shares of the business's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $10.01, for a total transaction of $54,043.99. Following the transaction, the president now directly owns 265,247 shares in the company, valued at approximately $2,655,122.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the insider now owns 228,390 shares in the company, valued at $2,297,603.40. The disclosure for this sale can be found here. Insiders have sold 35,632 shares of company stock worth $356,848 in the last ninety days. Insiders own 47.86% of the company's stock.

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.