Xponential Fitness, Inc. (NYSE:XPOF) Short Interest Down 16.3% in November

Xponential Fitness, Inc. (NYSE:XPOF - Get Free Report) saw a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 3,280,000 shares, a decline of 16.3% from the November 15th total of 3,920,000 shares. Based on an average daily trading volume, of 440,200 shares, the days-to-cover ratio is currently 7.5 days. Currently, 13.4% of the company's shares are short sold.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on XPOF. Stifel Nicolaus raised their price objective on Xponential Fitness from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Piper Sandler lowered their price target 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 equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $17.17.

Xponential Fitness Stock Up 7.7 %

Shares of NYSE XPOF traded up $1.08 during trading on Friday, reaching $15.13. 495,251 shares of the company traded hands, compared to its average volume of 485,041. The firm has a 50 day simple moving average of $13.91 and a 200-day simple moving average of $13.99. Xponential Fitness has a 52-week low of $7.40 and a 52-week high of $18.95. The stock has a market capitalization of $730.82 million, a PE ratio of -13.05 and a beta of 1.26.

Insider Activity at Xponential Fitness

In other Xponential Fitness news, 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 value of $39,842,429.30. Following the sale, the director now owns 30,546 shares in the company, valued at approximately $468,881.10. This represents a 98.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Andrew Hagopian sold 26,740 shares of the firm's stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $12.18, for a total transaction of $325,693.20. Following the transaction, the insider now directly owns 255,764 shares of the company's stock, valued at $3,115,205.52. This represents a 9.47 % decrease in their position. The disclosure for this sale can be found here. 47.83% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Xponential Fitness

A number of large investors have recently added to or reduced their stakes in XPOF. Bank of New York Mellon Corp grew its stake in shares of Xponential Fitness by 12.4% during 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 purchasing an additional 9,079 shares during the period. Principal Financial Group Inc. grew its position in Xponential Fitness by 13.1% during the second quarter. Principal Financial Group Inc. now owns 19,021 shares of the company's stock valued at $297,000 after buying an additional 2,203 shares during the period. nVerses Capital LLC purchased a new stake in Xponential Fitness during the second quarter valued at approximately $34,000. Verus Capital Partners LLC raised its position in Xponential Fitness by 15.4% in the second quarter. Verus Capital Partners LLC now owns 76,629 shares of the company's stock worth $1,195,000 after acquiring an additional 10,215 shares during the period. Finally, Victory Capital Management Inc. purchased a new position in shares of Xponential Fitness during the 2nd quarter worth $227,000. 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.