Xponential Fitness, Inc. (NYSE:XPOF) Director Sells $39,842,429.30 in Stock

Xponential Fitness, Inc. (NYSE:XPOF - Get Free Report) Director Mark Grabowski sold 2,595,598 shares of the company's stock in a transaction dated 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 approximately $468,881.10. This trade represents a 98.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Xponential Fitness Trading Up 3.5 %

XPOF traded up $0.51 during midday trading on Friday, reaching $14.88. The company's stock had a trading volume of 349,664 shares, compared to its average volume of 669,884. Xponential Fitness, Inc. has a 1 year low of $7.40 and a 1 year high of $18.95. The stock's 50-day moving average is $13.12 and its 200-day moving average is $13.38. The firm has a market capitalization of $716.77 million, a price-to-earnings ratio of -12.21 and a beta of 1.18.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JCP Investment Management LLC purchased a new stake in Xponential Fitness during the 2nd quarter valued at about $3,915,000. Squarepoint Ops LLC purchased a new stake in shares of Xponential Fitness during the second quarter valued at approximately $1,076,000. AQR Capital Management LLC increased its position in shares of Xponential Fitness by 684.4% during the second quarter. AQR Capital Management LLC now owns 109,963 shares of the company's stock valued at $1,715,000 after acquiring an additional 95,945 shares in the last quarter. Hiddenite Capital Partners LP purchased a new position in Xponential Fitness in the 2nd quarter worth approximately $2,730,000. Finally, Bank of New York Mellon Corp lifted its position in Xponential Fitness by 12.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 82,419 shares of the company's stock valued at $1,286,000 after acquiring an additional 9,079 shares in the last quarter. Institutional investors own 58.55% of the company's stock.

Wall Street Analysts Forecast Growth

XPOF has been the topic of several research analyst reports. Robert W. Baird reduced their target price on Xponential Fitness from $16.00 to $15.00 and set a "neutral" rating on the stock in a research note on Friday, August 2nd. Piper Sandler decreased their price objective on shares of Xponential Fitness from $13.00 to $12.00 and set a "neutral" rating for the company in a report on Friday, November 8th. Raymond James cut their target price on shares of Xponential Fitness from $30.00 to $20.00 and set a "strong-buy" rating on the stock in a research note on Friday, August 2nd. Roth Mkm decreased their price target on shares of Xponential Fitness from $22.00 to $19.00 and set a "buy" rating for the company in a research note on Friday, August 2nd. Finally, B. Riley lifted their price objective on Xponential Fitness from $9.00 to $12.00 and gave the company a "neutral" rating in a research report on Monday, August 5th. Four research 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $17.17.

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.