Renaissance Technologies LLC Buys 100,100 Shares of Xponential Fitness, Inc. (NYSE:XPOF)

Renaissance Technologies LLC increased its holdings in Xponential Fitness, Inc. (NYSE:XPOF - Free Report) by 135.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 174,100 shares of the company's stock after acquiring an additional 100,100 shares during the quarter. Renaissance Technologies LLC owned about 0.36% of Xponential Fitness worth $2,342,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. AlphaQuest LLC increased 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 purchasing an additional 3,732 shares during the last quarter. Financial Management Professionals Inc. increased its holdings in shares of Xponential Fitness by 117.6% during the fourth quarter. Financial Management Professionals Inc. now owns 5,021 shares of the company's stock valued at $68,000 after acquiring an additional 2,714 shares in the last quarter. Asset Planning Inc purchased a new position in Xponential Fitness during the 4th quarter worth approximately $71,000. EntryPoint Capital LLC purchased a new stake in Xponential Fitness in the 4th quarter worth approximately $177,000. Finally, SG Americas Securities LLC increased its stake in shares of Xponential Fitness by 56.4% in the 4th quarter. SG Americas Securities LLC now owns 13,489 shares of the company's stock valued at $181,000 after purchasing an additional 4,862 shares in the last quarter. Hedge funds and other institutional investors own 58.55% of the company's stock.

Xponential Fitness Stock Performance

Shares of Xponential Fitness stock traded up $0.05 during trading on Thursday, reaching $8.42. 50,908 shares of the company's stock were exchanged, compared to its average volume of 651,252. Xponential Fitness, Inc. has a 1-year low of $6.64 and a 1-year high of $18.95. The company has a market cap of $408.24 million, a P/E ratio of -7.25 and a beta of 1.57. The firm's 50-day moving average price is $9.29 and its 200 day moving average price is $12.96.

Xponential Fitness (NYSE:XPOF - Get Free Report) last issued its earnings results on Thursday, March 13th. The company reported ($0.19) EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.63). Xponential Fitness had a negative net margin of 9.15% and a negative return on equity of 4.37%. The firm had revenue of $83.22 million during the quarter, compared to the consensus estimate of $81.12 million. During the same period in the previous year, the firm earned $0.08 earnings per share. The business's quarterly revenue was down 6.8% on a year-over-year basis. As a group, equities research analysts predict that Xponential Fitness, Inc. will post 0.61 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Lake Street Capital cut their price objective on shares of Xponential Fitness from $20.00 to $16.00 and set a "buy" rating for the company in a research report on Friday, March 14th. Northland Capmk raised Xponential Fitness to a "hold" rating in a report on Thursday, January 23rd. Piper Sandler cut their price target on Xponential Fitness from $16.00 to $9.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. B. Riley cut their price objective on shares of Xponential Fitness from $12.00 to $9.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Finally, Northland Securities assumed coverage on shares of Xponential Fitness in a research note on Thursday, January 23rd. They set a "market perform" rating and a $17.50 price objective on the stock. Six analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $15.28.

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.