Divisadero Street Capital Management LP Has $2.84 Million Stake in Xponential Fitness, Inc. (NYSE:XPOF)

Divisadero Street Capital Management LP reduced its stake in shares of Xponential Fitness, Inc. (NYSE:XPOF) by 36.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 181,858 shares of the company’s stock after selling 104,763 shares during the period. Divisadero Street Capital Management LP’s holdings in Xponential Fitness were worth $2,837,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. nVerses Capital LLC acquired a new position in shares of Xponential Fitness during the 2nd quarter worth about $34,000. Dnca Finance acquired a new stake in shares of Xponential Fitness in the second quarter worth $107,000. Quest Partners LLC bought a new position in Xponential Fitness during the fourth quarter worth $174,000. Victory Capital Management Inc. acquired a new position in shares of Xponential Fitness during the second quarter valued at about $227,000. Finally, Principal Financial Group Inc. acquired a new position in Xponential Fitness in the 1st quarter valued at approximately $278,000. 58.55% of the stock is currently owned by institutional investors.

Insider Activity

In related news, President Sarah Luna sold 14,400 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $13.85, for a total value of $199,440.00. Following the transaction, the president now directly owns 290,297 shares in the company, valued at $4,020,613.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 47.83% of the company’s stock.

Xponential Fitness Price Performance

Shares of Xponential Fitness stock opened at $13.44 on Friday. The firm has a 50 day simple moving average of $14.82 and a 200 day simple moving average of $13.76. Xponential Fitness, Inc. has a fifty-two week low of $7.40 and a fifty-two week high of $18.95. The firm has a market cap of $647.40 million, a P/E ratio of -23.58 and a beta of 1.19.

Xponential Fitness (NYSE:XPOF) last released its earnings results on Thursday, August 1st. The company reported ($0.03) earnings per share 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 the consensus estimate of $83.63 million. Xponential Fitness had a negative return on equity of 9.35% and a negative net margin of 6.51%. The company’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.07 EPS. On average, sell-side analysts expect that Xponential Fitness, Inc. will post 0.79 EPS for the current year.

Wall Street Analyst Weigh In

XPOF has been the topic of a number of research reports. Guggenheim boosted their price objective on Xponential Fitness from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Raymond James lowered their price target on shares of Xponential Fitness from $30.00 to $20.00 and set a “strong-buy” rating on the stock in a report on Friday, August 2nd. B. Riley raised their price objective on shares of Xponential Fitness from $9.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Robert W. Baird decreased their price objective on Xponential Fitness from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, Roth Capital raised Xponential Fitness to a “strong-buy” rating in a report on Monday, June 17th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Xponential Fitness presently has a consensus rating of “Moderate Buy” and an average price target of $18.25.

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.