Xponential Fitness (NYSE:XPOF) Stock Price Up 9.9% – Here’s Why

Shares of Xponential Fitness, Inc. (NYSE:XPOF) rose 9.9% on Friday . The stock traded as high as $15.36 and last traded at $15.33. Approximately 170,383 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 262,233 shares. The stock had previously closed at $13.95.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on XPOF shares. Piper Sandler dropped their price objective on shares of Xponential Fitness from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Stifel Nicolaus lifted their price target on Xponential Fitness from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Xponential Fitness currently has a consensus rating of “Moderate Buy” and an average price target of $17.17.

Xponential Fitness Stock Up 8.5 %

The company has a market capitalization of $730.82 million, a PE ratio of -13.04 and a beta of 1.26. The firm has a 50-day moving average of $14.26 and a two-hundred day moving average of $14.31.

Insider Buying and Selling

In other Xponential Fitness news, Director Mark Grabowski sold 2,595,598 shares of the stock in a transaction 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 transaction, the director now directly owns 30,546 shares of the company’s stock, valued at $468,881.10. This trade represents a 98.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Andrew Hagopian sold 26,740 shares of the company’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $12.18, for a total transaction of $325,693.20. Following the transaction, the insider now owns 255,764 shares of the company’s stock, valued at approximately $3,115,205.52. This trade represents a 9.47 % decrease in their position. The disclosure for this sale can be found here. 47.83% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Xponential Fitness

Large investors have recently modified their holdings of the business. nVerses Capital LLC purchased a new stake in shares of Xponential Fitness in the second quarter valued at approximately $34,000. Quarry LP grew its holdings in Xponential Fitness by 80.4% in the 2nd quarter. Quarry LP now owns 3,692 shares of the company’s stock valued at $58,000 after buying an additional 1,646 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in Xponential Fitness in the 2nd quarter valued at $72,000. SG Americas Securities LLC acquired a new stake in shares of Xponential Fitness in the 3rd quarter worth $107,000. Finally, Victory Capital Management Inc. purchased a new position in shares of Xponential Fitness during the 2nd quarter worth $227,000. Hedge funds and other institutional investors own 58.55% of the company’s stock.

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.