Voss Capital LP Acquires 2,801,153 Shares of Xponential Fitness, Inc. $XPOF

Voss Capital LP lifted its holdings in Xponential Fitness, Inc. (NYSE:XPOF) by 86.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,033,653 shares of the company’s stock after acquiring an additional 2,801,153 shares during the period. Xponential Fitness makes up approximately 2.4% of Voss Capital LP’s portfolio, making the stock its 14th biggest position. Voss Capital LP owned approximately 12.34% of Xponential Fitness worth $49,657,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in XPOF. SkyView Investment Advisors LLC increased its holdings in Xponential Fitness by 4.9% during the 2nd quarter. SkyView Investment Advisors LLC now owns 39,871 shares of the company’s stock worth $302,000 after purchasing an additional 1,859 shares in the last quarter. Raymond James Financial Inc. increased its holdings in Xponential Fitness by 20.4% during the 3rd quarter. Raymond James Financial Inc. now owns 14,732 shares of the company’s stock worth $115,000 after purchasing an additional 2,500 shares in the last quarter. Rhumbline Advisers increased its holdings in Xponential Fitness by 8.1% during the 2nd quarter. Rhumbline Advisers now owns 35,633 shares of the company’s stock worth $267,000 after purchasing an additional 2,668 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Xponential Fitness by 1,621.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,632 shares of the company’s stock worth $30,000 after purchasing an additional 3,421 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Xponential Fitness by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,554,023 shares of the company’s stock worth $12,106,000 after purchasing an additional 4,495 shares in the last quarter. 58.55% of the stock is owned by institutional investors.

Xponential Fitness Stock Up 1.7%

Shares of NYSE XPOF opened at $6.47 on Friday. Xponential Fitness, Inc. has a twelve month low of $3.83 and a twelve month high of $11.14. The stock’s 50 day moving average price is $6.19 and its 200-day moving average price is $6.94. The company has a market capitalization of $317.88 million, a PE ratio of -4.68 and a beta of 1.11.

Xponential Fitness (NYSE:XPOF) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.15). Xponential Fitness had a negative net margin of 11.28% and a negative return on equity of 3.40%. The firm had revenue of $60.71 million during the quarter, compared to analysts’ expectations of $63.75 million. During the same quarter in the previous year, the company posted $0.20 EPS. Xponential Fitness’s revenue for the quarter was down 21.0% on a year-over-year basis. As a group, research analysts expect that Xponential Fitness, Inc. will post 0.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on XPOF. Weiss Ratings lowered Xponential Fitness from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, June 5th. Roth Mkm set a $7.00 target price on Xponential Fitness in a research note on Friday, May 8th. Raymond James Financial restated a “market perform” rating on shares of Xponential Fitness in a research note on Thursday, March 19th. Robert W. Baird cut their target price on Xponential Fitness from $8.00 to $6.50 and set a “neutral” rating on the stock in a research note on Friday, February 27th. Finally, Wall Street Zen downgraded Xponential Fitness from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Xponential Fitness has a consensus rating of “Hold” and an average target price of $8.44.

Xponential Fitness Company Profile

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.