ABS Direct Equity Fund LLC Acquires Shares of 125,000 Xponential Fitness, Inc. (NYSE:XPOF)

ABS Direct Equity Fund LLC acquired a new position in Xponential Fitness, Inc. (NYSE:XPOF - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 125,000 shares of the company's stock, valued at approximately $1,611,000. Xponential Fitness comprises approximately 1.5% of ABS Direct Equity Fund LLC's holdings, making the stock its 27th biggest position. ABS Direct Equity Fund LLC owned about 0.26% of Xponential Fitness as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the company. Raymond James & Associates lifted its position in Xponential Fitness by 88.3% during the 3rd quarter. Raymond James & Associates now owns 46,565 shares of the company's stock worth $722,000 after acquiring an additional 21,836 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Xponential Fitness by 11.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 94,922 shares of the company's stock worth $1,471,000 after purchasing an additional 10,039 shares during the last quarter. Chicago Capital LLC boosted its stake in Xponential Fitness by 80.3% during the 3rd quarter. Chicago Capital LLC now owns 21,443 shares of the company's stock valued at $332,000 after purchasing an additional 9,550 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Xponential Fitness by 39.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,645 shares of the company's stock valued at $87,000 after buying an additional 1,598 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its holdings in Xponential Fitness by 4.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 72,575 shares of the company's stock valued at $1,125,000 after buying an additional 3,308 shares during the last quarter. 58.55% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Xponential Fitness news, CFO John P. Meloun sold 6,160 shares of the business's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $10.09, for a total value of $62,154.40. Following the transaction, the chief financial officer now directly owns 245,003 shares in the company, valued at $2,472,080.27. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, President Sarah Luna sold 5,399 shares of the firm's stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $10.01, for a total transaction of $54,043.99. Following the completion of the sale, the president now directly owns 265,247 shares of the company's stock, valued at approximately $2,655,122.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John P. Meloun sold 6,160 shares of Xponential Fitness stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $10.09, for a total value 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 approximately $2,472,080.27. The disclosure for this sale can be found here. Insiders sold 35,632 shares of company stock worth $356,848 in the last quarter. 47.83% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

XPOF has been the subject of several research reports. Bank of America increased their price objective on Xponential Fitness from $13.00 to $15.50 and gave the company a "neutral" rating in a research report on Wednesday, March 13th. Citigroup decreased their price target on shares of Xponential Fitness from $23.00 to $21.00 and set a "buy" rating on the stock in a research report on Monday, March 4th. Robert W. Baird cut their price objective on shares of Xponential Fitness from $16.00 to $14.00 and set a "neutral" rating for the company in a research report on Friday, March 1st. Stifel Nicolaus reissued a "buy" rating and set a $20.00 target price on shares of Xponential Fitness in a research report on Friday, April 12th. Finally, B. Riley boosted their price target on Xponential Fitness from $28.00 to $31.00 and gave the company a "buy" rating in a research note on Friday. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $23.85.

Xponential Fitness Stock Performance

Shares of XPOF stock traded down $1.90 during trading hours on Friday, hitting $11.53. The company had a trading volume of 1,694,721 shares, compared to its average volume of 625,243. Xponential Fitness, Inc. has a 12 month low of $8.30 and a 12 month high of $33.49. The firm's fifty day moving average is $13.92 and its 200 day moving average is $12.90. The firm has a market capitalization of $547.56 million, a price-to-earnings ratio of -20.23 and a beta of 1.20.

Xponential Fitness (NYSE:XPOF - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $79.52 million during the quarter, compared to the consensus estimate of $78.77 million. Xponential Fitness had a net margin of 1.90% and a negative return on equity of 7.73%. The business's revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.02) earnings per share. On average, sell-side analysts expect that Xponential Fitness, Inc. will post 1.11 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.