Xponential Fitness (NYSE:XPOF) Stock Price Down 5.6% on Disappointing Earnings

Xponential Fitness, Inc. (NYSE:XPOF) shares traded down 5.6% during mid-day trading on Friday following a dissappointing earnings announcement. The company traded as low as $12.41 and last traded at $12.68. 334,170 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 662,862 shares. The stock had previously closed at $13.43.

The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.02). Xponential Fitness had a negative return on equity of 7.73% and a net margin of 1.90%. The company had revenue of $79.52 million during the quarter, compared to analysts’ expectations of $78.77 million. During the same quarter last year, the business earned ($0.02) earnings per share. The business’s quarterly revenue was up 12.5% on a year-over-year basis.

Analysts Set New Price Targets

XPOF has been the subject of a number of analyst reports. Bank of America raised their target price on shares of Xponential Fitness from $13.00 to $15.50 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Robert W. Baird decreased their target price on shares of Xponential Fitness from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, March 1st. B. Riley raised their target price on shares of Xponential Fitness from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Friday. Citigroup decreased their target price on shares of Xponential Fitness from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Monday, March 4th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $20.00 target price on shares of Xponential Fitness in a research note on Friday, April 12th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Xponential Fitness presently has an average rating of “Moderate Buy” and a consensus price target of $23.85.

Insiders Place Their Bets

In other Xponential Fitness news, insider Andrew Hagopian sold 5,260 shares of Xponential Fitness stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $10.06, for a total value of $52,915.60. Following the completion of the sale, the insider now owns 228,390 shares of the company’s stock, valued at approximately $2,297,603.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Xponential Fitness news, CFO John P. Meloun sold 6,160 shares of Xponential Fitness stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $10.09, for a total value of $62,154.40. Following the completion of the sale, the chief financial officer now owns 245,003 shares of the company’s stock, valued at approximately $2,472,080.27. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Andrew Hagopian sold 5,260 shares of Xponential Fitness stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $10.06, for a total transaction of $52,915.60. Following the transaction, the insider now owns 228,390 shares in the company, valued at approximately $2,297,603.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,632 shares of company stock valued at $356,848. Company insiders own 47.83% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Oak Ridge Investments LLC boosted its stake 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 acquiring an additional 17,411 shares during the last quarter. Principal Financial Group Inc. purchased a new position in shares of Xponential Fitness during the 1st quarter worth $278,000. Nut Tree Capital Management LP purchased a new position in shares of Xponential Fitness during the 4th quarter worth $1,849,000. Kent Lake Capital LLC purchased a new position in shares of Xponential Fitness during the 4th quarter worth $3,025,000. Finally, CenterBook Partners LP purchased a new position in shares of Xponential Fitness during the 4th quarter worth $1,351,000. Hedge funds and other institutional investors own 58.55% of the company’s stock.

Xponential Fitness Trading Down 14.1 %

The business’s 50 day moving average is $13.92 and its two-hundred day moving average is $12.92. The company has a market cap of $547.56 million, a PE ratio of -20.23 and a beta of 1.20.

About Xponential Fitness

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.