Marshall Wace LLP Has $13.83 Million Stake in Xponential Fitness, Inc. (NYSE:XPOF)

Marshall Wace LLP reduced its stake in shares of Xponential Fitness, Inc. (NYSE:XPOF) by 12.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 886,410 shares of the company’s stock after selling 131,611 shares during the period. Marshall Wace LLP’s holdings in Xponential Fitness were worth $13,828,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. nVerses Capital LLC bought a new position in Xponential Fitness during the second quarter worth $34,000. Principal Financial Group Inc. raised its position in shares of Xponential Fitness by 13.1% in the 2nd quarter. Principal Financial Group Inc. now owns 19,021 shares of the company’s stock worth $297,000 after acquiring an additional 2,203 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Xponential Fitness in the 2nd quarter valued at about $72,000. Chicago Capital LLC boosted its position in shares of Xponential Fitness by 15.0% during the 2nd quarter. Chicago Capital LLC now owns 48,591 shares of the company’s stock valued at $758,000 after purchasing an additional 6,324 shares in the last quarter. Finally, Dnca Finance acquired a new stake in Xponential Fitness during the second quarter worth approximately $107,000. 58.55% of the stock is owned by institutional investors and hedge funds.

Xponential Fitness Stock Up 0.4 %

XPOF stock opened at $12.29 on Friday. The stock’s 50 day moving average is $14.11 and its 200-day moving average is $13.70. Xponential Fitness, Inc. has a twelve month low of $7.40 and a twelve month high of $18.95. The firm has a market capitalization of $592.01 million, a PE ratio of -21.56 and a beta of 1.19.

Xponential Fitness (NYSE:XPOF) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.22). The firm had revenue of $76.50 million for the quarter, compared to analysts’ expectations of $83.63 million. Xponential Fitness had a negative return on equity of 9.35% and a negative net margin of 6.51%. Xponential Fitness’s revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.07 earnings per share. On average, equities research analysts anticipate that Xponential Fitness, Inc. will post 0.79 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on XPOF. Robert W. Baird lowered their price objective on shares of Xponential Fitness from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Piper Sandler reissued a “neutral” rating and set a $13.00 price objective (down previously from $14.00) on shares of Xponential Fitness in a research report on Friday, August 2nd. Guggenheim boosted their target price on Xponential Fitness from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Roth Capital raised Xponential Fitness to a “strong-buy” rating in a research note on Monday, June 17th. Finally, B. Riley raised their price objective on Xponential Fitness from $9.00 to $12.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Xponential Fitness has a consensus rating of “Moderate Buy” and a consensus price target of $17.28.

Insiders Place Their Bets

In other Xponential Fitness news, President Sarah Luna sold 14,400 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $13.85, for a total value of $199,440.00. Following the transaction, the president now owns 290,297 shares of the company’s stock, valued at $4,020,613.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 47.83% of the company’s stock.

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.