Xponential Fitness, Inc. (NYSE:XPOF) Director Bruce N. Haase Buys 70,000 Shares

Key Points

• Bruce N. Haase, a director at Xponential Fitness, purchased 70,000 shares at an average price of $7.67, increasing his ownership by 269.88% to a total of 95,937 shares.
• The company reported earnings of $0.26 per share for the most recent quarter, surpassing analysts’ expectations of $0.19, despite a 0.4% decline in revenue year-over-year.
• Xponential Fitness holds a moderate buy rating from analysts, with an average price target of $12.93, reflecting a positive outlook for growth.

Xponential Fitness, Inc. (NYSE:XPOF - Get Free Report) Director Bruce N. Haase bought 70,000 shares of the stock in a transaction on Tuesday, August 12th. The shares were purchased at an average price of $7.67 per share, with a total value of $536,900.00. Following the acquisition, the director owned 95,937 shares in the company, valued at approximately $735,836.79. This represents a 269.88% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Xponential Fitness Price Performance

NYSE:XPOF traded up $0.23 during mid-day trading on Friday, reaching $8.64. The stock had a trading volume of 848,797 shares, compared to its average volume of 962,634. The stock has a 50-day simple moving average of $9.27 and a two-hundred day simple moving average of $10.14. The stock has a market capitalization of $420.47 million, a PE ratio of -4.91 and a beta of 1.50. Xponential Fitness, Inc. has a 12 month low of $6.64 and a 12 month high of $18.87.

Xponential Fitness (NYSE:XPOF - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.07. The firm had revenue of $76.21 million during the quarter, compared to the consensus estimate of $77.23 million. The business's revenue was down .4% compared to the same quarter last year. During the same period last year, the business earned ($0.29) earnings per share. Equities analysts expect that Xponential Fitness, Inc. will post 0.61 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on XPOF shares. Wall Street Zen upgraded shares of Xponential Fitness from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Guggenheim reiterated a "buy" rating and issued a $13.00 target price on shares of Xponential Fitness in a research note on Monday, May 12th. Finally, Raymond James Financial cut their price objective on shares of Xponential Fitness from $15.00 to $14.00 and set a "strong-buy" rating for the company in a research report on Friday, August 8th. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Xponential Fitness presently has a consensus rating of "Moderate Buy" and an average target price of $12.93.

Institutional Trading of Xponential Fitness

A number of hedge funds and other institutional investors have recently modified their holdings of XPOF. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Xponential Fitness during the fourth quarter worth $29,000. Point72 Asset Management L.P. bought a new stake in Xponential Fitness in the fourth quarter valued at $46,000. Ameritas Advisory Services LLC acquired a new stake in shares of Xponential Fitness in the 2nd quarter worth about $37,000. Cerity Partners LLC acquired a new stake in shares of Xponential Fitness in the 2nd quarter worth about $82,000. Finally, Mariner LLC bought a new stake in Xponential Fitness in the 4th quarter worth about $163,000. Institutional investors own 58.55% of the company's stock.

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.