Xponential Fitness (NYSE:XPOF) Trading 8% Higher – Here’s Why

Shares of Xponential Fitness, Inc. (NYSE:XPOF) were up 8% during trading on Wednesday . The company traded as high as $12.70 and last traded at $12.44. Approximately 77,189 shares traded hands during trading, a decline of 87% from the average daily volume of 579,071 shares. The stock had previously closed at $11.52.

Wall Street Analyst Weigh In

XPOF has been the subject of several research reports. Piper Sandler decreased their price target on shares of Xponential Fitness from $16.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday. Northland Securities began coverage on shares of Xponential Fitness in a research note on Thursday, January 23rd. They set a “market perform” rating and a $17.50 target price for the company. Northland Capmk raised Xponential Fitness to a “hold” rating in a research report on Thursday, January 23rd. Finally, Stifel Nicolaus downgraded Xponential Fitness from a “buy” rating to a “hold” rating and cut their price target for the stock from $20.00 to $12.00 in a research note on Friday. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $15.56.

Xponential Fitness Stock Up 1.2 %

The stock has a market cap of $592.68 million, a PE ratio of -10.58 and a beta of 1.38. The stock’s fifty day moving average price is $15.40 and its 200 day moving average price is $14.19.

Institutional Trading of Xponential Fitness

Institutional investors and hedge funds have recently modified their holdings of the business. Wasatch Advisors LP boosted 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 valued at $14,297,000 after buying an additional 565,451 shares during the last quarter. Marshall Wace LLP lifted its stake in Xponential Fitness by 564.8% during the 4th quarter. Marshall Wace LLP now owns 640,769 shares of the company’s stock valued at $8,618,000 after acquiring an additional 544,382 shares during the period. Verition Fund Management LLC boosted its holdings 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 valued at $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 in the third quarter worth approximately $3,171,000. Finally, Clark Estates Inc. NY bought a new position in Xponential Fitness during the fourth quarter valued at approximately $2,690,000. 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.