Xponential Fitness (NYSE:XPOF) Trading Up 4.3% – Here’s What Happened

Xponential Fitness, Inc. (NYSE:XPOF) shares traded up 4.3% during mid-day trading on Friday . The company traded as high as $14.68 and last traded at $14.66. 44,549 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 655,539 shares. The stock had previously closed at $14.05.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Stifel Nicolaus raised their target price on Xponential Fitness from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, November 11th. Piper Sandler lowered their target price on Xponential Fitness from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating, four have given 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 $17.17.

Xponential Fitness Price Performance

The company has a 50 day moving average of $13.87 and a 200 day moving average of $13.94.

Insider Activity at Xponential Fitness

In other Xponential Fitness news, insider Andrew Hagopian sold 26,740 shares of Xponential Fitness stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $12.18, for a total value of $325,693.20. Following the completion of the transaction, the insider now owns 255,764 shares in the company, valued at approximately $3,115,205.52. The trade was a 9.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark Grabowski sold 2,595,598 shares of Xponential Fitness stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $15.35, for a total value of $39,842,429.30. Following the completion of the transaction, the director now owns 30,546 shares of the company’s stock, valued at approximately $468,881.10. The trade was a 98.84 % decrease in their position. The disclosure for this sale can be found here. 47.83% of the stock is owned by insiders.

Hedge Funds Weigh In On Xponential Fitness

Several institutional investors have recently bought and sold shares of the business. Wasatch Advisors LP raised its position in shares of Xponential Fitness by 96.2% during the third quarter. Wasatch Advisors LP now owns 1,152,972 shares of the company’s stock worth $14,297,000 after acquiring an additional 565,451 shares during the last quarter. Verition Fund Management LLC raised its position in shares of Xponential Fitness by 276.5% during the third quarter. Verition Fund Management LLC now owns 692,729 shares of the company’s stock worth $8,590,000 after acquiring an additional 508,715 shares during the last quarter. Rockefeller Capital Management L.P. bought a new stake in shares of Xponential Fitness during the third quarter worth $3,171,000. JCP Investment Management LLC bought a new stake in shares of Xponential Fitness during the second quarter worth $3,915,000. Finally, Hiddenite Capital Partners LP bought a new stake in shares of Xponential Fitness during the second quarter worth $2,730,000. Institutional investors own 58.55% of the company’s stock.

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.