Raymond James Financial Services Advisors Inc. Sells 10,850 Shares of Xponential Fitness, Inc. (NYSE:XPOF)

Raymond James Financial Services Advisors Inc. decreased its position in shares of Xponential Fitness, Inc. (NYSE:XPOF) by 43.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,082 shares of the company’s stock after selling 10,850 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Xponential Fitness were worth $243,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisor Group Holdings Inc. increased its holdings in shares of Xponential Fitness by 139.0% during the fourth quarter. Advisor Group Holdings Inc. now owns 2,251 shares of the company’s stock valued at $51,000 after acquiring an additional 1,309 shares in the last quarter. Macquarie Group Ltd. increased its holdings in shares of Xponential Fitness by 133.2% during the second quarter. Macquarie Group Ltd. now owns 2,696 shares of the company’s stock valued at $34,000 after acquiring an additional 1,540 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Xponential Fitness during the second quarter valued at approximately $34,000. Tucker Asset Management LLC bought a new stake in shares of Xponential Fitness during the first quarter valued at approximately $83,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Xponential Fitness during the first quarter valued at approximately $123,000. Institutional investors own 52.97% of the company’s stock.

Xponential Fitness Stock Performance

NYSE XPOF opened at $14.22 on Monday. Xponential Fitness, Inc. has a 52-week low of $11.31 and a 52-week high of $33.58. The company has a 50-day simple moving average of $16.57 and a 200 day simple moving average of $21.63. The company has a market capitalization of $710.52 million, a PE ratio of -3.60, a price-to-earnings-growth ratio of 0.60 and a beta of 1.27.

Xponential Fitness (NYSE:XPOF) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). Xponential Fitness had a negative return on equity of 19.10% and a net margin of 0.36%. The company had revenue of $77.34 million for the quarter, compared to analysts’ expectations of $71.93 million. As a group, analysts forecast that Xponential Fitness, Inc. will post 0.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

XPOF has been the subject of several recent research reports. Piper Sandler decreased their price objective on Xponential Fitness from $26.00 to $20.00 in a report on Thursday, October 12th. Guggenheim lowered their target price on shares of Xponential Fitness from $32.00 to $30.00 and set a “buy” rating for the company in a report on Friday, September 15th. Stifel Nicolaus assumed coverage on shares of Xponential Fitness in a report on Friday, October 13th. They issued a “hold” rating and a $18.00 target price for the company. Morgan Stanley reiterated an “overweight” rating and issued a $27.00 target price on shares of Xponential Fitness in a report on Wednesday, September 27th. Finally, Citigroup lowered their target price on shares of Xponential Fitness from $39.00 to $30.00 in a report on Friday, August 4th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $28.00.

Insider Buying and Selling

In other Xponential Fitness news, CEO Anthony Geisler bought 23,150 shares of the business’s stock in a transaction on Friday, August 11th. The stock was purchased at an average price of $21.47 per share, for a total transaction of $497,030.50. Following the completion of the transaction, the chief executive officer now directly owns 339,815 shares of the company’s stock, valued at $7,295,828.05. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In other Xponential Fitness news, CEO Anthony Geisler bought 23,150 shares of the business’s stock in a transaction on Friday, August 11th. The stock was purchased at an average price of $21.47 per share, for a total transaction of $497,030.50. Following the completion of the transaction, the chief executive officer now directly owns 339,815 shares of the company’s stock, valued at $7,295,828.05. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Andrew Hagopian bought 4,200 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were acquired at an average price of $23.15 per share, with a total value of $97,230.00. Following the transaction, the insider now directly owns 8,800 shares of the company’s stock, valued at $203,720. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 60,340 shares of company stock worth $1,332,722. Insiders own 47.86% of the company’s stock.

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.