Raymond James Financial Services Advisors Inc. Acquires Shares of 16,891 Xponential Fitness, Inc. (NYSE:XPOF)

Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Xponential Fitness, Inc. (NYSE:XPOF – Get Rating) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,891 shares of the company’s stock, valued at approximately $308,000.

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Other institutional investors and hedge funds have also recently modified their holdings of the company. Amalgamated Bank bought a new position in shares of Xponential Fitness during the first quarter valued at $32,000. 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 position in shares of Xponential Fitness during the second quarter valued at $34,000. American International Group Inc. increased its holdings in Xponential Fitness by 23.9% in the 1st quarter. American International Group Inc. now owns 6,115 shares of the company’s stock worth $143,000 after buying an additional 1,181 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in Xponential Fitness in the 1st quarter worth about $187,000. 28.77% of the stock is currently owned by institutional investors.

Xponential Fitness Stock Up 6.6 %

XPOF stock opened at $27.16 on Friday. Xponential Fitness, Inc. has a twelve month low of $11.20 and a twelve month high of $27.88. The stock has a market cap of $1.34 billion, a P/E ratio of -5.44, a PEG ratio of 1.10 and a beta of 1.32. The business’s 50-day moving average price is $23.14 and its 200-day moving average price is $19.89.

Xponential Fitness (NYSE:XPOF – Get Rating) last posted its quarterly earnings data on Thursday, November 10th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). Xponential Fitness had a negative net margin of 5.65% and a negative return on equity of 28.11%. The company had revenue of $63.76 million for the quarter, compared to analysts’ expectations of $55.15 million. On average, equities research analysts expect that Xponential Fitness, Inc. will post 0.06 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Megan Moen sold 6,015 shares of the business’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $21.75, for a total value of $130,826.25. Following the transaction, the executive vice president now directly owns 47,859 shares of the company’s stock, valued at approximately $1,040,933.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 15,933 shares of company stock valued at $346,058 in the last ninety days. Corporate insiders own 69.33% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on XPOF shares. B. Riley lifted their price objective on Xponential Fitness from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, January 13th. Raymond James lifted their price objective on Xponential Fitness from $29.00 to $30.00 and gave the stock a “strong-buy” rating in a report on Friday, November 11th. Robert W. Baird lifted their price objective on Xponential Fitness from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Tuesday, January 10th. Morgan Stanley lifted their price objective on Xponential Fitness from $25.00 to $26.00 and gave the stock an “overweight” rating in a report on Friday, November 11th. Finally, Piper Sandler boosted their price target on Xponential Fitness from $34.00 to $36.00 and gave the company an “overweight” rating in a research note on Friday, November 11th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Xponential Fitness has a consensus rating of “Buy” and an average target price of $30.63.

Xponential Fitness Profile

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Xponential Fitness, Inc, through its subsidiaries, operates as a boutique fitness franchisor in the United States and internationally. The company offers fitness and wellness services, including pilates, barre, cycling, stretching, rowing, yoga, boxing, dancing, running, and functional training under the Club Pilates, Pure Barre, CycleBar, StretchLab, Row House, YogaSix, Rumble, AKT, Stride, and BFT brands.

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Want to see what other hedge funds are holding XPOF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xponential Fitness, Inc. (NYSE:XPOF – Get Rating).

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