Xponential Fitness Target of Unusually Large Options Trading (NYSE:XPOF)

Xponential Fitness, Inc. (NYSE:XPOF) saw some unusual options trading on Monday. Investors acquired 5,056 put options on the company. This is an increase of approximately 2,874% compared to the typical daily volume of 170 put options.

Hedge Funds Weigh In On Xponential Fitness

Several hedge funds have recently bought and sold shares of XPOF. Caitong International Asset Management Co. Ltd raised its holdings in Xponential Fitness by 1,621.3% during the fourth 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 during the last quarter. Ameritas Advisory Services LLC acquired a new stake in Xponential Fitness in the second quarter valued at $35,000. Aquatic Capital Management LLC acquired a new stake in Xponential Fitness in the third quarter valued at $44,000. Larson Financial Group LLC purchased a new position in shares of Xponential Fitness in the third quarter valued at $54,000. Finally, Wexford Capital LP purchased a new position in shares of Xponential Fitness in the third quarter valued at $59,000. 58.55% of the stock is owned by hedge funds and other institutional investors.

Xponential Fitness Stock Performance

XPOF stock traded down $0.09 during trading on Monday, reaching $5.10. 264,853 shares of the company were exchanged, compared to its average volume of 654,524. The company has a market cap of $251.53 million, a P/E ratio of -3.47 and a beta of 1.07. Xponential Fitness has a 52-week low of $3.83 and a 52-week high of $9.25. The stock’s 50 day moving average price is $6.32 and its 200 day moving average price is $6.42.

Xponential Fitness (NYSE:XPOF) last issued its earnings results on Thursday, August 6th. The company reported $0.02 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $64.42 million. During the same period last year, the business posted $0.26 earnings per share. The company’s quarterly revenue was down 13.4% on a year-over-year basis. As a group, equities research analysts forecast that Xponential Fitness will post 0.26 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Robert W. Baird set a $5.50 target price on Xponential Fitness in a research report on Friday, August 7th. Roth Capital reduced their price target on Xponential Fitness from $7.00 to $5.00 and set a “neutral” rating for the company in a report on Monday, August 10th. Northland Securities upgraded 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 lowered Xponential Fitness from a “buy” rating to a “hold” rating and set a $6.00 price objective on the stock. in a report on Friday, May 8th. Finally, Guggenheim cut Xponential Fitness from a “buy” rating to a “neutral” rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.