Xponential Fitness, Inc. (NYSE:XPOF) is MSD Partners L.P.'s 3rd Largest Position

MSD Partners L.P. reduced its stake in shares of Xponential Fitness, Inc. (NYSE:XPOF - Free Report) by 20.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,401,459 shares of the company's stock after selling 359,860 shares during the quarter. Xponential Fitness comprises approximately 13.3% of MSD Partners L.P.'s holdings, making the stock its 3rd largest position. MSD Partners L.P. owned 2.90% of Xponential Fitness worth $18,850,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Marshall Wace LLP grew its stake in shares of Xponential Fitness by 564.8% in the fourth quarter. Marshall Wace LLP now owns 640,769 shares of the company's stock worth $8,618,000 after purchasing an additional 544,382 shares in the last quarter. Clark Estates Inc. NY bought a new position in shares of Xponential Fitness in the fourth quarter worth $2,690,000. Formula Growth Ltd. grew its stake in shares of Xponential Fitness by 119.4% in the fourth quarter. Formula Growth Ltd. now owns 306,119 shares of the company's stock worth $4,117,000 after purchasing an additional 166,600 shares in the last quarter. PCJ Investment Counsel Ltd. bought a new position in shares of Xponential Fitness in the fourth quarter worth $2,192,000. Finally, Nut Tree Capital Management LP grew its stake in shares of Xponential Fitness by 5.0% in the fourth quarter. Nut Tree Capital Management LP now owns 3,151,722 shares of the company's stock worth $42,391,000 after purchasing an additional 150,000 shares in the last quarter. 58.55% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Guggenheim reissued a "buy" rating and issued a $13.00 price target on shares of Xponential Fitness in a research note on Monday, May 12th. Northland Capmk raised Xponential Fitness to a "hold" rating in a research note on Thursday, January 23rd. Lake Street Capital decreased their price target on Xponential Fitness from $20.00 to $16.00 and set a "buy" rating for the company in a research note on Friday, March 14th. Stifel Nicolaus cut Xponential Fitness from a "buy" rating to a "hold" rating and decreased their target price for the company from $20.00 to $12.00 in a research note on Friday, March 14th. Finally, Piper Sandler decreased their target price 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. Six research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Xponential Fitness currently has an average rating of "Moderate Buy" and a consensus target price of $13.94.

Xponential Fitness Trading Up 4.8%

XPOF stock traded up $0.42 during trading hours on Friday, hitting $9.17. 802,343 shares of the stock traded hands, compared to its average volume of 626,666. The stock has a 50-day simple moving average of $8.26 and a 200 day simple moving average of $12.65. Xponential Fitness, Inc. has a one year low of $6.64 and a one year high of $18.95. The company has a market cap of $444.40 million, a P/E ratio of -7.90 and a beta of 1.57.

Xponential Fitness (NYSE:XPOF - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.35). Xponential Fitness had a negative net margin of 9.15% and a negative return on equity of 4.37%. The company had revenue of $76.88 million for the quarter, compared to analysts' expectations of $75.37 million. During the same period in the prior year, the company earned $0.16 earnings per share. The company's revenue for the quarter was down 3.4% on a year-over-year basis. Analysts forecast that Xponential Fitness, Inc. will post 0.61 earnings per share for the current 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.