ABS Direct Equity Fund LLC Sells 5,000 Shares of Xponential Fitness, Inc. (NYSE:XPOF)

ABS Direct Equity Fund LLC cut its stake in Xponential Fitness, Inc. (NYSE:XPOF) by 2.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 175,000 shares of the company’s stock after selling 5,000 shares during the quarter. Xponential Fitness comprises about 2.7% of ABS Direct Equity Fund LLC’s holdings, making the stock its 17th biggest holding. ABS Direct Equity Fund LLC’s holdings in Xponential Fitness were worth $2,354,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Wasatch Advisors LP increased its holdings in Xponential Fitness by 96.2% in the 3rd quarter. Wasatch Advisors LP now owns 1,152,972 shares of the company’s stock worth $14,297,000 after acquiring an additional 565,451 shares in the last quarter. Verition Fund Management LLC increased its position in shares of Xponential Fitness by 276.5% during the 3rd quarter. Verition Fund Management LLC now owns 692,729 shares of the company’s stock valued at $8,590,000 after purchasing an additional 508,715 shares during the last quarter. Rockefeller Capital Management L.P. bought a new position in Xponential Fitness during the 3rd quarter valued at about $3,171,000. AQR Capital Management LLC raised its holdings in shares of Xponential Fitness by 684.4% in the second quarter. AQR Capital Management LLC now owns 109,963 shares of the company’s stock worth $1,715,000 after buying an additional 95,945 shares during the period. Finally, Mutual of America Capital Management LLC purchased a new stake in shares of Xponential Fitness during the third quarter valued at $1,015,000. Institutional investors own 58.55% of the company’s stock.

Xponential Fitness Price Performance

Xponential Fitness stock opened at $16.07 on Tuesday. The firm has a 50 day simple moving average of $14.84 and a 200-day simple moving average of $14.25. Xponential Fitness, Inc. has a 1-year low of $7.40 and a 1-year high of $18.95.

Xponential Fitness (NYSE:XPOF) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.22). Xponential Fitness had a negative net margin of 9.15% and a negative return on equity of 4.37%. The company had revenue of $80.49 million during the quarter, compared to analysts’ expectations of $76.85 million. During the same quarter last year, the firm posted $0.11 earnings per share. Equities analysts forecast that Xponential Fitness, Inc. will post 0.61 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on XPOF. Stifel Nicolaus boosted their price target on shares of Xponential Fitness from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, November 11th. Northland Securities assumed coverage on shares of Xponential Fitness in a research report on Thursday, January 23rd. They set a “market perform” rating and a $17.50 target price on the stock. Piper Sandler lifted their target price on Xponential Fitness from $12.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, January 6th. Finally, Northland Capmk raised shares of Xponential Fitness to a “hold” rating in a report on Thursday, January 23rd. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.60.

Insider Buying and Selling at Xponential Fitness

In related news, Director Mark Grabowski sold 2,595,598 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $15.35, for a total value of $39,842,429.30. Following the sale, the director now owns 30,546 shares in the company, valued at approximately $468,881.10. The trade was a 98.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 47.83% of the stock is owned by corporate insiders.

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.