Principal Financial Group Inc. Makes New Investment in Xponential Fitness, Inc. (NYSE:XPOF)

Principal Financial Group Inc. bought a new stake in Xponential Fitness, Inc. (NYSE:XPOFFree Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 16,818 shares of the company’s stock, valued at approximately $278,000.

A number of other large investors have also modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Xponential Fitness in the fourth quarter valued at approximately $143,000. Quest Partners LLC purchased a new position in shares of Xponential Fitness in the fourth quarter valued at $174,000. Versor Investments LP acquired a new stake in Xponential Fitness during the 4th quarter valued at $240,000. Harbor Capital Advisors Inc. increased its stake in Xponential Fitness by 63.8% during the 4th quarter. Harbor Capital Advisors Inc. now owns 19,521 shares of the company’s stock worth $252,000 after buying an additional 7,605 shares during the period. Finally, Aigen Investment Management LP lifted its holdings in Xponential Fitness by 11.3% in the 4th quarter. Aigen Investment Management LP now owns 26,360 shares of the company’s stock worth $340,000 after buying an additional 2,684 shares in the last quarter. Institutional investors and hedge funds own 58.55% of the company’s stock.

Xponential Fitness Stock Up 3.8 %

Shares of NYSE:XPOF opened at $16.35 on Monday. Xponential Fitness, Inc. has a fifty-two week low of $7.40 and a fifty-two week high of $24.00. The firm has a 50-day simple moving average of $11.97 and a 200 day simple moving average of $12.45.

Xponential Fitness (NYSE:XPOFGet Free Report) last posted its earnings results on Thursday, May 2nd. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.02). The company had revenue of $79.52 million for the quarter, compared to the consensus estimate of $78.77 million. Xponential Fitness had a net margin of 1.90% and a negative return on equity of 7.65%. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period last year, the company posted ($0.02) earnings per share. As a group, analysts expect that Xponential Fitness, Inc. will post 0.95 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on XPOF. Piper Sandler dropped their target price on Xponential Fitness from $12.00 to $9.00 and set a “neutral” rating on the stock in a research report on Monday, May 13th. Stifel Nicolaus restated a “buy” rating and set a $20.00 price objective on shares of Xponential Fitness in a report on Friday, April 12th. Roth Mkm started coverage on Xponential Fitness in a research note on Monday, June 17th. They set a “buy” rating and a $22.00 target price for the company. Bank of America lifted their price target on shares of Xponential Fitness from $13.00 to $15.50 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Finally, Guggenheim increased their price objective 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. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.05.

View Our Latest Stock Report on XPOF

Xponential Fitness Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Xponential Fitness (NYSE:XPOF)

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