Xponential Fitness (NYSE:XPOF) Stock Price Expected to Rise, Piper Sandler Analyst Says

Xponential Fitness (NYSE:XPOF - Free Report) had its price objective raised by Piper Sandler from $12.00 to $16.00 in a research note released on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

Separately, Stifel Nicolaus raised their price target on Xponential Fitness from $18.00 to $20.00 and gave the company a "buy" rating in a report on Monday, November 11th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $17.61.

Xponential Fitness Stock Performance

Shares of NYSE XPOF traded up $0.25 during midday trading on Monday, reaching $15.51. The stock had a trading volume of 299,642 shares, compared to its average volume of 419,547. Xponential Fitness has a 12-month low of $7.40 and a 12-month high of $18.95. The stock has a 50-day moving average of $14.31 and a 200-day moving average of $14.30. The company has a market capitalization of $749.18 million, a price-to-earnings ratio of -13.37 and a beta of 1.30.

Insider Activity at Xponential Fitness

In related news, insider Andrew Hagopian sold 26,740 shares of the business's stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $12.18, for a total value of $325,693.20. Following the sale, the insider now owns 255,764 shares in the company, valued at approximately $3,115,205.52. The trade was a 9.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mark Grabowski sold 2,595,598 shares of the stock in a transaction on 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 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 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

Large investors have recently added to or reduced their stakes in the stock. Quarry LP boosted its holdings in shares of Xponential Fitness by 80.4% in the 2nd quarter. Quarry LP now owns 3,692 shares of the company's stock worth $58,000 after purchasing an additional 1,646 shares during the period. State Street Corp boosted its stake in Xponential Fitness by 0.4% during the third quarter. State Street Corp now owns 541,092 shares of the company's stock worth $6,710,000 after buying an additional 1,977 shares during the period. Principal Financial Group Inc. increased 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 acquiring an additional 2,203 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Xponential Fitness by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 195,380 shares of the company's stock valued at $2,423,000 after acquiring an additional 2,670 shares during the period. Finally, SkyView Investment Advisors LLC lifted its holdings in shares of Xponential Fitness by 23.3% in the 3rd quarter. SkyView Investment Advisors LLC now owns 18,500 shares of the company's stock worth $229,000 after acquiring an additional 3,500 shares during the last quarter. 58.55% of the stock is owned by institutional investors.

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.