Citizens Business Bank Takes $12.04 Million Position in Xponential Fitness, Inc. $XPOF

Citizens Business Bank purchased a new stake in Xponential Fitness, Inc. (NYSE:XPOF) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,000,000 shares of the company’s stock, valued at approximately $12,040,000. Xponential Fitness accounts for approximately 2.0% of Citizens Business Bank’s portfolio, making the stock its 9th biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Voss Capital LP lifted its holdings in Xponential Fitness by 7.7% during the third quarter. Voss Capital LP now owns 3,232,500 shares of the company’s stock valued at $25,181,000 after purchasing an additional 232,500 shares in the last quarter. Divisadero Street Capital Management LP lifted its stake in Xponential Fitness by 102.8% in the 3rd quarter. Divisadero Street Capital Management LP now owns 368,801 shares of the company’s stock valued at $2,873,000 after buying an additional 186,943 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Xponential Fitness by 75.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 297,838 shares of the company’s stock valued at $2,320,000 after buying an additional 127,631 shares in the last quarter. CenterBook Partners LP acquired a new stake in Xponential Fitness in the 4th quarter worth about $4,253,000. Finally, Luxor Capital Group LP boosted its holdings in Xponential Fitness by 30.2% in the 3rd quarter. Luxor Capital Group LP now owns 451,680 shares of the company’s stock worth $3,519,000 after buying an additional 104,785 shares during the last quarter. Hedge funds and other institutional investors own 58.55% of the company’s stock.

Xponential Fitness Stock Performance

NYSE:XPOF opened at $6.89 on Monday. Xponential Fitness, Inc. has a one year low of $3.83 and a one year high of $11.14. The stock has a market cap of $339.06 million, a PE ratio of -5.00 and a beta of 1.07. The stock has a 50 day moving average price of $6.14 and a 200 day moving average price of $6.89.

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on XPOF shares. Roth Capital set a $7.00 target price on Xponential Fitness in a report on Friday, May 8th. Northland Securities raised Xponential Fitness from a “market perform” rating to an “outperform” rating and set a $8.00 price target on the stock in a research note on Wednesday, May 20th. Lake Street Capital cut Xponential Fitness from a “buy” rating to a “hold” rating and set a $6.00 price target for the company. in a research report on Friday, May 8th. Raymond James Financial reissued a “market perform” rating on shares of Xponential Fitness in a research note on Thursday, March 19th. Finally, Weiss Ratings lowered Xponential Fitness from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, June 5th. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently 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.