Fund 1 Investments LLC Buys Shares of 1,808,068 Xponential Fitness, Inc. $XPOF

Fund 1 Investments LLC bought a new stake in shares of Xponential Fitness, Inc. (NYSE:XPOF) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,808,068 shares of the company’s stock, valued at approximately $12,512,000. Xponential Fitness accounts for about 2.1% of Fund 1 Investments LLC’s portfolio, making the stock its 16th largest holding. Fund 1 Investments LLC owned about 3.68% of Xponential Fitness at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of XPOF. Citizens Business Bank bought a new position in Xponential Fitness during the first quarter valued at $12,040,000. Janus Henderson Group PLC purchased a new stake in Xponential Fitness in the first quarter worth $1,601,000. Kanen Wealth Management LLC raised its stake in shares of Xponential Fitness by 426.2% in the first quarter. Kanen Wealth Management LLC now owns 845,922 shares of the company’s stock valued at $5,092,000 after buying an additional 685,149 shares during the period. CenterBook Partners LP bought a new stake in shares of Xponential Fitness in the fourth quarter valued at $4,253,000. Finally, Voss Capital LP raised its stake in shares of Xponential Fitness by 86.7% in the fourth quarter. Voss Capital LP now owns 6,033,653 shares of the company’s stock valued at $49,657,000 after buying an additional 2,801,153 shares during the period. Hedge funds and other institutional investors own 58.55% of the company’s stock.

Xponential Fitness Stock Performance

Shares of XPOF opened at $5.67 on Thursday. Xponential Fitness, Inc. has a 52-week low of $3.83 and a 52-week high of $9.25. The stock’s 50-day simple moving average is $6.24 and its 200 day simple moving average is $6.35. The stock has a market capitalization of $279.64 million, a price-to-earnings ratio of -3.86 and a beta of 1.07.

Xponential Fitness (NYSE:XPOF) last posted its earnings results on Thursday, August 6th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.11). Xponential Fitness had a negative net margin of 13.64% and a negative return on equity of 3.40%. The company had revenue of $65.97 million for the quarter, compared to analysts’ expectations of $64.42 million. During the same period in the previous year, the firm earned $0.26 EPS. The firm’s quarterly revenue was down 13.4% compared to the same quarter last year. On average, research analysts forecast that Xponential Fitness, Inc. will post 0.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on XPOF shares. Weiss Ratings downgraded Xponential Fitness from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, August 11th. Northland Securities upgraded Xponential Fitness from a “market perform” rating to an “outperform” rating and set a $8.00 price objective on the stock in a research note on Wednesday, May 20th. Zacks Research raised shares of Xponential Fitness from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Robert W. Baird set a $5.50 target price on shares of Xponential Fitness in a research report on Friday, August 7th. Finally, Lake Street Capital lowered shares of Xponential Fitness from a “buy” rating to a “hold” rating and set a $6.00 price target on the stock. in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Xponential Fitness presently has an average rating of “Hold” and an average price target of $6.94.

About Xponential Fitness

Xponential Fitness is a leading franchisor and operator of boutique fitness studios headquartered in Irvine, California. The company specializes in developing, marketing, and supporting a portfolio of fitness brands that deliver low-impact cardio, strength training, and mindful movement workouts. Through its asset-light franchise model, Xponential provides entrepreneurs with proprietary studio designs, branded equipment, digital support, and comprehensive training programs to ensure consistent member experiences.

Its portfolio comprises core brands such as Club Pilates, Pure Barre, CycleBar, StretchLab, YogaSix, Row House, Rumble, AKT, and STRIDE.