Verition Fund Management LLC Increases Stock Position in Xponential Fitness, Inc. (NYSE:XPOF)

Verition Fund Management LLC boosted its stake in shares of Xponential Fitness, Inc. (NYSE:XPOF - Free Report) by 276.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 692,729 shares of the company's stock after acquiring an additional 508,715 shares during the period. Verition Fund Management LLC owned 1.44% of Xponential Fitness worth $8,590,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Rockefeller Capital Management L.P. bought a new position in shares of Xponential Fitness during the 3rd quarter valued at approximately $3,171,000. JCP Investment Management LLC bought a new position in Xponential Fitness during the second quarter valued at $3,915,000. Hiddenite Capital Partners LP purchased a new position in shares of Xponential Fitness in the 2nd quarter worth $2,730,000. AQR Capital Management LLC increased its holdings in shares of Xponential Fitness by 684.4% in the 2nd quarter. AQR Capital Management LLC now owns 109,963 shares of the company's stock worth $1,715,000 after buying an additional 95,945 shares during the last quarter. Finally, Mutual of America Capital Management LLC purchased a new stake in shares of Xponential Fitness during the 3rd quarter valued at about $1,015,000. 58.55% of the stock is owned by hedge funds and other institutional investors.

Xponential Fitness Stock Performance

Xponential Fitness stock traded up $0.24 during mid-day trading on Monday, hitting $15.48. The company's stock had a trading volume of 275,036 shares, compared to its average volume of 669,071. The company has a 50 day moving average of $13.35 and a 200-day moving average of $13.62. Xponential Fitness, Inc. has a one year low of $7.40 and a one year high of $18.95. The stock has a market cap of $747.68 million, a PE ratio of -12.78 and a beta of 1.26.

Analyst Upgrades and Downgrades

Several research analysts recently commented on XPOF shares. B. Riley lifted their price target on Xponential Fitness from $9.00 to $12.00 and gave the stock a "neutral" rating in a research report on Monday, August 5th. Piper Sandler dropped their target price on Xponential Fitness from $13.00 to $12.00 and set a "neutral" rating for the company in a report on Friday, November 8th. Finally, Stifel Nicolaus boosted their target price on Xponential Fitness from $18.00 to $20.00 and gave the company a "buy" rating in a research report 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 MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $17.17.

Insider Activity

In related news, President Sarah Luna sold 14,400 shares of the business's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $13.85, for a total value of $199,440.00. Following the completion of the sale, the president now owns 290,297 shares in the company, valued at approximately $4,020,613.45. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark Grabowski sold 2,595,598 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was 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 directly owns 30,546 shares in the company, valued at approximately $468,881.10. This trade represents a 98.84 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,636,738 shares of company stock valued at $40,367,563. 47.83% of the stock is currently owned by company insiders.

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.