Bank of New York Mellon Corp Has $852,000 Stock Holdings in Xponential Fitness, Inc. (NYSE:XPOF)

Bank of New York Mellon Corp lowered its stake in shares of Xponential Fitness, Inc. (NYSE:XPOF) by 2.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 63,319 shares of the company’s stock after selling 1,339 shares during the period. Bank of New York Mellon Corp’s holdings in Xponential Fitness were worth $852,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of XPOF. Financial Management Professionals Inc. raised its position in Xponential Fitness by 117.6% during the fourth quarter. Financial Management Professionals Inc. now owns 5,021 shares of the company’s stock valued at $68,000 after acquiring an additional 2,714 shares in the last quarter. Asset Planning Inc acquired a new position in shares of Xponential Fitness during the 4th quarter worth $71,000. SG Americas Securities LLC raised its holdings in shares of Xponential Fitness by 56.4% during the 4th quarter. SG Americas Securities LLC now owns 13,489 shares of the company’s stock valued at $181,000 after purchasing an additional 4,862 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Xponential Fitness during the 4th quarter valued at $182,000. Finally, Centiva Capital LP acquired a new stake in shares of Xponential Fitness in the 3rd quarter valued at $183,000. Institutional investors and hedge funds own 58.55% of the company’s stock.

Xponential Fitness Stock Down 0.5 %

Shares of XPOF stock opened at $8.18 on Wednesday. Xponential Fitness, Inc. has a 12 month low of $7.22 and a 12 month high of $18.95. The firm has a market cap of $395.12 million, a PE ratio of -7.05 and a beta of 1.38. The stock has a 50 day moving average of $14.37 and a 200-day moving average of $13.96.

Xponential Fitness (NYSE:XPOF) last announced its earnings results on Thursday, March 13th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.63). Xponential Fitness had a negative return on equity of 4.37% and a negative net margin of 9.15%. The company had revenue of $83.22 million for the quarter, compared to the consensus estimate of $81.12 million. During the same period last year, the firm posted $0.08 EPS. The company’s revenue was down 6.8% compared to the same quarter last year. As a group, equities analysts predict that Xponential Fitness, Inc. will post 0.61 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Northland Capmk raised Xponential Fitness to a “hold” rating in a research report on Thursday, January 23rd. Piper Sandler reduced their target price on Xponential Fitness from $16.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, March 14th. Stifel Nicolaus cut Xponential Fitness from a “buy” rating to a “hold” rating and decreased their target price for the stock from $20.00 to $12.00 in a research report on Friday, March 14th. Northland Securities assumed coverage on shares of Xponential Fitness in a research report on Thursday, January 23rd. They issued a “market perform” rating and a $17.50 price target on the stock. Finally, B. Riley decreased their price objective on shares of Xponential Fitness from $12.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, March 14th. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.28.

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.