Xponential Fitness, Inc. (NYSE:XPOF) Stake Decreased by Clearline Capital LP

Clearline Capital LP trimmed its holdings in Xponential Fitness, Inc. (NYSE:XPOF) by 20.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,022 shares of the company’s stock after selling 39,359 shares during the quarter. Clearline Capital LP owned about 0.32% of Xponential Fitness worth $2,434,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in XPOF. Kent Lake Capital LLC boosted its position in Xponential Fitness by 276.0% during the 1st quarter. Kent Lake Capital LLC now owns 882,443 shares of the company’s stock worth $14,596,000 after acquiring an additional 647,743 shares during the period. JCP Investment Management LLC acquired a new stake in Xponential Fitness in the second quarter worth about $3,915,000. Nut Tree Capital Management LP grew its position in Xponential Fitness by 74.3% in the 1st quarter. Nut Tree Capital Management LP now owns 250,000 shares of the company’s stock valued at $4,135,000 after buying an additional 106,587 shares in the last quarter. Algert Global LLC increased its stake in Xponential Fitness by 4.0% during the 2nd quarter. Algert Global LLC now owns 203,823 shares of the company’s stock valued at $3,180,000 after buying an additional 7,825 shares during the period. Finally, Oak Ridge Investments LLC raised its position in shares of Xponential Fitness by 9.9% during the 1st quarter. Oak Ridge Investments LLC now owns 194,109 shares of the company’s stock worth $3,211,000 after buying an additional 17,411 shares in the last quarter. 58.55% of the stock is currently owned by institutional investors and hedge funds.

Xponential Fitness Stock Performance

Shares of NYSE:XPOF opened at $12.29 on Friday. Xponential Fitness, Inc. has a 52 week low of $7.40 and a 52 week high of $18.95. The company has a market cap of $592.01 million, a PE ratio of -21.56 and a beta of 1.19. The firm has a 50 day simple moving average of $14.11 and a 200 day simple moving average of $13.70.

Xponential Fitness (NYSE:XPOF) last released its earnings results 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). Xponential Fitness had a negative net margin of 6.51% and a negative return on equity of 9.35%. The business had revenue of $76.50 million during the quarter, compared to analysts’ expectations of $83.63 million. During the same quarter in the previous year, the company earned $0.07 EPS. Xponential Fitness’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, equities analysts predict that Xponential Fitness, Inc. will post 0.79 earnings per share for the current year.

Insider Activity

In related news, President Sarah Luna sold 14,400 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $13.85, for a total transaction of $199,440.00. Following the completion of the sale, the president now directly owns 290,297 shares in the company, valued at $4,020,613.45. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 47.83% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

XPOF has been the subject of several recent analyst reports. Roth Capital upgraded shares of Xponential Fitness to a “strong-buy” rating in a report on Monday, June 17th. Guggenheim increased their price target on Xponential Fitness from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Raymond James decreased their target price on Xponential Fitness from $30.00 to $20.00 and set a “strong-buy” rating for the company in a research note on Friday, August 2nd. Roth Mkm dropped their price target on shares of Xponential Fitness from $22.00 to $19.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Finally, B. Riley upped their price target on shares of Xponential Fitness from $9.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.28.

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.