Xponential Fitness, Inc. (NYSE:XPOF) Holdings Lifted by Diametric Capital LP

Diametric Capital LP boosted its position in Xponential Fitness, Inc. (NYSE:XPOF) by 196.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 145,118 shares of the company’s stock after purchasing an additional 96,246 shares during the period. Xponential Fitness comprises 1.3% of Diametric Capital LP’s investment portfolio, making the stock its 10th biggest position. Diametric Capital LP owned approximately 0.30% of Xponential Fitness worth $1,952,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. Verition Fund Management LLC increased its position in shares of Xponential Fitness by 276.5% during the third quarter. Verition Fund Management LLC now owns 692,729 shares of the company’s stock valued at $8,590,000 after acquiring an additional 508,715 shares during the last quarter. Rockefeller Capital Management L.P. bought a new position in Xponential Fitness in the 3rd quarter valued at $3,171,000. Clark Estates Inc. NY purchased a new stake in shares of Xponential Fitness during the 4th quarter valued at $2,690,000. PCJ Investment Counsel Ltd. bought a new stake in shares of Xponential Fitness during the 4th quarter worth $2,192,000. Finally, Corient Private Wealth LLC boosted its holdings in shares of Xponential Fitness by 94.6% in the 4th quarter. Corient Private Wealth LLC now owns 124,254 shares of the company’s stock worth $1,671,000 after buying an additional 60,407 shares during the last quarter. Institutional investors own 58.55% of the company’s stock.

Xponential Fitness Stock Performance

Shares of XPOF opened at $8.34 on Tuesday. Xponential Fitness, Inc. has a 52-week low of $7.22 and a 52-week high of $18.95. The stock’s 50-day simple moving average is $13.75 and its 200 day simple moving average is $13.80. The stock has a market capitalization of $404.11 million, a price-to-earnings ratio of -7.19 and a beta of 1.38.

Xponential Fitness (NYSE:XPOF) last announced its quarterly earnings results on Thursday, March 13th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.63). The firm had revenue of $83.22 million during the quarter, compared to analysts’ expectations of $81.12 million. Xponential Fitness had a negative return on equity of 4.37% and a negative net margin of 9.15%. The company’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.08 earnings per share. On average, research analysts forecast that Xponential Fitness, Inc. will post 0.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on XPOF. Northland Securities assumed coverage on shares of Xponential Fitness in a research report on Thursday, January 23rd. They issued a “market perform” rating and a $17.50 price objective on the stock. Lake Street Capital dropped their price objective on Xponential Fitness from $20.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. Northland Capmk raised Xponential Fitness to a “hold” rating in a report on Thursday, January 23rd. Stifel Nicolaus lowered Xponential Fitness from a “buy” rating to a “hold” rating and lowered their target price for the company from $20.00 to $12.00 in a research note on Friday, March 14th. Finally, B. Riley cut their price target on Xponential Fitness from $12.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $15.28.

About Xponential Fitness

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.