Renaissance Technologies LLC Has $2.74 Million Stake in Xponential Fitness, Inc. (NYSE:XPOF)

Renaissance Technologies LLC decreased its position in shares of Xponential Fitness, Inc. (NYSE:XPOF) by 24.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 175,400 shares of the company’s stock after selling 56,700 shares during the period. Renaissance Technologies LLC owned 0.36% of Xponential Fitness worth $2,736,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. CenterBook Partners LP bought a new position in shares of Xponential Fitness during the 4th quarter worth about $1,351,000. Nut Tree Capital Management LP bought a new position in shares of Xponential Fitness during the 4th quarter worth about $1,849,000. Principal Financial Group Inc. bought a new position in shares of Xponential Fitness during the 1st quarter worth about $278,000. Oak Ridge Investments LLC increased its holdings 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 purchasing an additional 17,411 shares during the period. Finally, Kent Lake Capital LLC increased its holdings in shares of 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 purchasing an additional 647,743 shares during the period. Institutional investors and hedge funds own 58.55% of the company’s stock.

Insider Transactions at Xponential Fitness

In other 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 transaction of $199,440.00. Following the sale, the president now directly 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 Securities & Exchange Commission, which is available through the SEC website. Company insiders own 47.83% of the company’s stock.

Xponential Fitness Trading Up 0.9 %

NYSE XPOF opened at $12.40 on Tuesday. The firm has a market cap of $597.31 million, a price-to-earnings ratio of -21.75 and a beta of 1.19. The company has a 50 day moving average of $14.00 and a 200-day moving average of $13.67. Xponential Fitness, Inc. has a 1-year low of $7.40 and a 1-year high of $18.95.

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

Analyst Ratings Changes

Several research firms have recently issued reports on XPOF. Raymond James dropped their price objective 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. Roth Capital upgraded shares of Xponential Fitness to a “strong-buy” rating in a report on Monday, June 17th. B. Riley boosted 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. Guggenheim upped their target price on shares of Xponential Fitness from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Finally, Piper Sandler reissued a “neutral” rating and issued a $13.00 price target (down previously from $14.00) on shares of Xponential Fitness in a research report on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.