Xponential Fitness Target of Unusually Large Options Trading (NYSE:XPOF)

Key Points

• Unusually heavy bearish options activity: Investors acquired 5,056 put options on Xponential Fitness, 2,874% above the typical volume of 170 contracts.
• Analyst sentiment remains mostly cautious: The stock has a consensus “Hold” rating and an average price target of $6.94, with ratings ranging from Buy to Sell.
• Weak recent performance: Shares fell to $5.10, while quarterly EPS of $0.02 missed estimates of $0.13 and revenue declined 13.4% year over year, despite exceeding revenue expectations.

Xponential Fitness, Inc. (NYSE:XPOF - Get Free Report) was the recipient of some unusual options trading activity on Monday. Investors acquired 5,056 put options on the company. This is an increase of 2,874% compared to the typical volume of 170 put options.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wall Street Zen cut Xponential Fitness from a "hold" rating to a "sell" rating in a research report on Saturday, August 1st. Robert W. Baird set a $5.50 target price on Xponential Fitness in a research report on Friday, August 7th. Northland Securities raised Xponential Fitness from a "market perform" rating to an "outperform" rating and set a $8.00 price target on the stock in a research report on Wednesday, May 20th. Roth Capital reduced their price objective on Xponential Fitness from $7.00 to $5.00 and set a "neutral" rating for the company in a research note on Monday, August 10th. Finally, Zacks Research raised Xponential Fitness from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 7th. One research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Xponential Fitness presently has a consensus rating of "Hold" and an average price target of $6.94.

Xponential Fitness Price Performance

Shares of NYSE:XPOF traded down $0.09 on Monday, reaching $5.10. The company's stock had a trading volume of 264,853 shares, compared to its average volume of 654,524. The stock's 50-day moving average is $6.32 and its two-hundred day moving average is $6.42. Xponential Fitness has a 52-week low of $3.83 and a 52-week high of $9.25. The stock has a market capitalization of $251.53 million, a P/E ratio of -3.47 and a beta of 1.07.

Xponential Fitness (NYSE:XPOF - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.11). Xponential Fitness had a negative return on equity of 3.40% and a negative net margin of 13.64%.The company had revenue of $65.97 million for the quarter, compared to analysts' expectations of $64.42 million. During the same period in the prior year, the business earned $0.26 EPS. The business's quarterly revenue was down 13.4% compared to the same quarter last year. Equities analysts forecast that Xponential Fitness will post 0.26 earnings per share for the current fiscal year.

Institutional Trading of Xponential Fitness

A number of hedge funds have recently added to or reduced their stakes in the stock. Voss Capital LP increased its stake in Xponential Fitness by 86.7% in the 4th quarter. Voss Capital LP now owns 6,033,653 shares of the company's stock valued at $49,657,000 after buying an additional 2,801,153 shares during the period. Citizens Business Bank acquired a new stake in shares of Xponential Fitness in the 1st quarter worth $12,040,000. Fund 1 Investments LLC purchased a new stake in shares of Xponential Fitness in the second quarter valued at about $12,512,000. Hudson Bay Capital Management LP purchased a new stake in shares of Xponential Fitness in the fourth quarter valued at about $6,172,000. Finally, Kanen Wealth Management LLC increased its stake in shares of Xponential Fitness by 426.2% during the first quarter. Kanen Wealth Management LLC now owns 845,922 shares of the company's stock worth $5,092,000 after acquiring an additional 685,149 shares during the period. 58.55% of the stock is owned by institutional investors and hedge funds.

About Xponential Fitness

Xponential Fitness is a leading franchisor and operator of boutique fitness studios headquartered in Irvine, California. The company specializes in developing, marketing, and supporting a portfolio of fitness brands that deliver low-impact cardio, strength training, and mindful movement workouts. Through its asset-light franchise model, Xponential provides entrepreneurs with proprietary studio designs, branded equipment, digital support, and comprehensive training programs to ensure consistent member experiences.

Its portfolio comprises core brands such as Club Pilates, Pure Barre, CycleBar, StretchLab, YogaSix, Row House, Rumble, AKT, and STRIDE.

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