Insider Buying: Xponential Fitness, Inc. (NYSE:XPOF) Director Buys 70,000 Shares of Stock

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 acquired 70,000 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at approximately $735,836.79. This represents a 269.88% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Xponential Fitness Stock Down 1.2%

XPOF stock traded down $0.10 during midday trading on Thursday, hitting $8.42. The company's stock had a trading volume of 893,014 shares, compared to its average volume of 939,632. The stock's 50-day moving average price is $9.28 and its 200 day moving average price is $10.24. Xponential Fitness, Inc. has a 1 year low of $6.64 and a 1 year high of $18.87. The stock has a market cap of $409.80 million, a price-to-earnings ratio of -4.78 and a beta of 1.50.

Xponential Fitness (NYSE:XPOF - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.07. The business had revenue of $76.21 million during the quarter, compared to analysts' expectations of $77.23 million. During the same period in the prior year, the firm posted ($0.29) EPS. The firm's revenue for the quarter was down .4% on a year-over-year basis. As a group, equities analysts forecast that Xponential Fitness, Inc. will post 0.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

Analyst Ratings Changes

XPOF has been the subject of several recent research reports. Raymond James Financial decreased their price target on Xponential Fitness from $15.00 to $14.00 and set a "strong-buy" rating for the company in a report on Friday, August 8th. Wall Street Zen upgraded Xponential Fitness from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, Guggenheim reiterated a "buy" rating and set a $13.00 price target on shares of Xponential Fitness in a report on Monday, May 12th. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Xponential Fitness currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.93.

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.