Russell Investments Group Ltd. Lowers Stock Holdings in Xponential Fitness, Inc. (NYSE:XPOF)

Russell Investments Group Ltd. cut its stake in shares of Xponential Fitness, Inc. (NYSE:XPOF) by 19.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 52,480 shares of the company’s stock after selling 12,838 shares during the period. Russell Investments Group Ltd. owned about 0.11% of Xponential Fitness worth $676,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Xponential Fitness by 39.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,645 shares of the company’s stock worth $87,000 after purchasing an additional 1,598 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Xponential Fitness during the 4th quarter worth approximately $143,000. Harbor Capital Advisors Inc. raised its holdings in shares of Xponential Fitness by 63.8% during the fourth quarter. Harbor Capital Advisors Inc. now owns 19,521 shares of the company’s stock valued at $252,000 after acquiring an additional 7,605 shares during the last quarter. Graham Capital Management L.P. lifted its position in shares of Xponential Fitness by 50.2% in the third quarter. Graham Capital Management L.P. now owns 22,783 shares of the company’s stock valued at $353,000 after acquiring an additional 7,618 shares in the last quarter. Finally, Aigen Investment Management LP acquired a new stake in shares of Xponential Fitness in the third quarter worth approximately $367,000. 58.55% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Xponential Fitness

In other Xponential Fitness news, insider Andrew Hagopian sold 5,260 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $10.06, for a total transaction of $52,915.60. Following the transaction, the insider now directly owns 228,390 shares in the company, valued at $2,297,603.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Xponential Fitness news, insider Andrew Hagopian sold 5,260 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $10.06, for a total transaction of $52,915.60. Following the sale, the insider now directly owns 228,390 shares in the company, valued at $2,297,603.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Anthony Geisler sold 17,901 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $9.93, for a total transaction of $177,756.93. Following the completion of the transaction, the chief executive officer now directly owns 394,011 shares of the company’s stock, valued at approximately $3,912,529.23. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,720 shares of company stock worth $346,871. Insiders own 47.83% of the company’s stock.

Xponential Fitness Stock Performance

Shares of Xponential Fitness stock opened at $8.51 on Tuesday. The stock has a 50 day moving average of $13.43 and a 200 day moving average of $12.59. The firm has a market capitalization of $409.08 million, a price-to-earnings ratio of -14.93 and a beta of 1.20. Xponential Fitness, Inc. has a fifty-two week low of $7.40 and a fifty-two week high of $29.16.

Xponential Fitness (NYSE:XPOF) last issued 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 business had revenue of $79.52 million for the quarter, compared to analyst estimates of $78.77 million. Xponential Fitness had a negative return on equity of 7.65% and a net margin of 1.90%. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.02) earnings per share. Analysts forecast that Xponential Fitness, Inc. will post 0.75 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. B. Riley increased their price objective on Xponential Fitness from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Citigroup lowered their price target on shares of Xponential Fitness from $23.00 to $21.00 and set a “buy” rating on the stock in a research report on Monday, March 4th. Robert W. Baird cut their price objective on shares of Xponential Fitness from $16.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, March 1st. Bank of America upped their price target on Xponential Fitness from $13.00 to $15.50 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Finally, Piper Sandler cut their price target on Xponential Fitness from $12.00 to $9.00 and set a “neutral” rating for the company in a report on Monday, May 13th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Xponential Fitness has a consensus rating of “Moderate Buy” and a consensus target price of $21.50.

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.