Xponential Fitness (NYSE:XPOF) Trading Up 10.1% – Here’s What Happened

Xponential Fitness, Inc. (NYSE:XPOF)’s share price shot up 10.1% on Wednesday . The company traded as high as $16.54 and last traded at $16.49. 128,767 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 349,847 shares. The stock had previously closed at $14.98.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on XPOF shares. Piper Sandler lifted their price objective on Xponential Fitness from $12.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, January 6th. Stifel Nicolaus lifted their price target on Xponential Fitness from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Xponential Fitness has an average rating of “Moderate Buy” and an average price target of $17.61.

Xponential Fitness Price Performance

The stock has a 50 day simple moving average of $14.79 and a two-hundred day simple moving average of $14.28. The company has a market cap of $755.85 million, a price-to-earnings ratio of -13.49 and a beta of 1.30.

Insider Activity

In other news, Director Mark Grabowski sold 2,595,598 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $15.35, for a total transaction of $39,842,429.30. Following the completion of the sale, the director now owns 30,546 shares in the company, valued at $468,881.10. This trade represents a 98.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 47.83% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in XPOF. Wasatch Advisors LP raised its position in Xponential Fitness by 96.2% in the third quarter. Wasatch Advisors LP now owns 1,152,972 shares of the company’s stock valued at $14,297,000 after purchasing an additional 565,451 shares during the period. Verition Fund Management LLC increased its position in shares of Xponential Fitness by 276.5% during the 3rd quarter. Verition Fund Management LLC now owns 692,729 shares of the company’s stock worth $8,590,000 after purchasing an additional 508,715 shares during the last quarter. Rockefeller Capital Management L.P. purchased a new stake in Xponential Fitness in the 3rd quarter valued at about $3,171,000. JCP Investment Management LLC acquired a new position in Xponential Fitness in the second quarter valued at about $3,915,000. Finally, AQR Capital Management LLC lifted its position in Xponential Fitness by 684.4% in the second quarter. AQR Capital Management LLC now owns 109,963 shares of the company’s stock valued at $1,715,000 after buying an additional 95,945 shares during the last quarter. 58.55% of the stock is currently owned by institutional investors and hedge funds.

Xponential Fitness Company Profile

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.