Ophir Asset Management Pty Ltd cut its position in shares of Xponential Fitness, Inc. (NYSE:XPOF – Free Report) by 39.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 515,143 shares of the company’s stock after selling 332,738 shares during the quarter. Xponential Fitness makes up 1.3% of Ophir Asset Management Pty Ltd’s investment portfolio, making the stock its 23rd largest position. Ophir Asset Management Pty Ltd owned about 1.09% of Xponential Fitness worth $6,640,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. Nut Tree Capital Management LP acquired a new stake in shares of Xponential Fitness in the fourth quarter worth approximately $1,849,000. Kent Lake Capital LLC acquired a new stake in shares of Xponential Fitness in the fourth quarter worth approximately $3,025,000. CenterBook Partners LP acquired a new stake in shares of Xponential Fitness in the fourth quarter worth approximately $1,351,000. Olympiad Research LP acquired a new stake in shares of Xponential Fitness in the fourth quarter worth approximately $364,000. Finally, 1492 Capital Management LLC acquired a new stake in shares of Xponential Fitness in the fourth quarter worth approximately $1,217,000. 58.55% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the stock. Piper Sandler decreased their target price on shares of Xponential Fitness from $12.00 to $9.00 and set a “neutral” rating on the stock in a research report on Monday, May 13th. Robert W. Baird decreased their target price on shares of Xponential Fitness from $16.00 to $14.00 and set a “neutral” rating on the stock in a research report on Friday, March 1st. B. Riley lifted their price target on shares of Xponential Fitness from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $20.00 price target on shares of Xponential Fitness in a research report on Friday, April 12th. Finally, Bank of America lifted their price target on shares of Xponential Fitness from $13.00 to $15.50 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.50.
Read Our Latest Stock Analysis on XPOF
Xponential Fitness Trading Down 2.9 %
XPOF opened at $11.31 on Friday. The firm’s 50 day moving average is $11.39 and its 200-day moving average is $12.08. Xponential Fitness, Inc. has a 52-week low of $7.40 and a 52-week high of $28.85.
Xponential Fitness (NYSE:XPOF – Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). The firm had revenue of $79.52 million for the quarter, compared to analysts’ expectations of $78.77 million. Xponential Fitness had a net margin of 1.90% and a negative return on equity of 7.65%. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.02) EPS. On average, sell-side analysts anticipate that Xponential Fitness, Inc. will post 0.75 EPS 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.
See Also
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