Wasatch Advisors LP Boosts Stake in Xponential Fitness, Inc. (NYSE:XPOF)

Wasatch Advisors LP lifted its stake in shares of Xponential Fitness, Inc. (NYSE:XPOF - Free Report) by 96.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,152,972 shares of the company's stock after buying an additional 565,451 shares during the period. Wasatch Advisors LP owned about 2.39% of Xponential Fitness worth $14,297,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. nVerses Capital LLC bought a new stake in Xponential Fitness during the second quarter worth $34,000. Quarry LP increased its position in shares of Xponential Fitness by 80.4% during the 2nd quarter. Quarry LP now owns 3,692 shares of the company's stock valued at $58,000 after purchasing an additional 1,646 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Xponential Fitness during the 2nd quarter worth $72,000. Dnca Finance purchased a new position in shares of Xponential Fitness in the 2nd quarter worth about $107,000. Finally, SG Americas Securities LLC bought a new position in Xponential Fitness during the third quarter valued at about $107,000. 58.55% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Xponential Fitness

In other Xponential Fitness news, Director Mark Grabowski sold 2,595,598 shares of the firm's 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 directly owns 30,546 shares of the company's stock, valued at $468,881.10. This trade represents a 98.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Sarah Luna sold 14,400 shares of the business's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $13.85, for a total transaction of $199,440.00. Following the transaction, the president now owns 290,297 shares of the company's stock, valued at $4,020,613.45. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,636,738 shares of company stock worth $40,367,563. 47.83% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have commented on XPOF shares. Stifel Nicolaus lifted their price objective on shares of Xponential Fitness from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. B. Riley upped their price objective on Xponential Fitness from $9.00 to $12.00 and gave the company a "neutral" rating in a research note on Monday, August 5th. Finally, Piper Sandler decreased their target price on Xponential Fitness from $13.00 to $12.00 and set a "neutral" rating for the company in a research report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Xponential Fitness has a consensus rating of "Moderate Buy" and a consensus price target of $17.17.

Xponential Fitness Stock Performance

XPOF stock traded up $0.03 during midday trading on Friday, reaching $15.24. 136,647 shares of the company's stock traded hands, compared to its average volume of 726,358. Xponential Fitness, Inc. has a 52 week low of $7.40 and a 52 week high of $18.95. The company has a 50-day moving average price of $13.35 and a two-hundred day moving average price of $13.59. The firm has a market capitalization of $736.09 million, a PE ratio of -13.14 and a beta of 1.18.

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.