Xponential Fitness (NYSE:XPOF) Shares Gap Up - Here's Why

Shares of Xponential Fitness, Inc. (NYSE:XPOF - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $12.70, but opened at $14.71. Xponential Fitness shares last traded at $15.55, with a volume of 132,471 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Piper Sandler reduced their price objective on Xponential Fitness from $13.00 to $12.00 and set a "neutral" rating for the company in a research report on Friday. Robert W. Baird reduced their price objective on Xponential Fitness from $16.00 to $15.00 and set a "neutral" rating for the company in a research report on Friday, August 2nd. B. Riley upped their price objective on Xponential Fitness from $9.00 to $12.00 and gave the stock a "neutral" rating in a research report on Monday, August 5th. Raymond James reduced their price target on Xponential Fitness from $30.00 to $20.00 and set a "strong-buy" rating for the company in a research report on Friday, August 2nd. Finally, Roth Mkm reduced their price target on Xponential Fitness from $22.00 to $19.00 and set a "buy" rating for the company in a research report on Friday, August 2nd. Four research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $17.17.

Xponential Fitness Stock Up 29.3 %

The firm has a 50 day simple moving average of $12.65 and a 200-day simple moving average of $13.19. The stock has a market cap of $790.95 million, a P/E ratio of -16.46 and a beta of 1.18.

Insider Buying and Selling at Xponential Fitness

In other news, insider Andrew Hagopian sold 26,740 shares of the stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $12.18, for a total transaction of $325,693.20. Following the transaction, the insider now owns 255,764 shares in the company, valued at approximately $3,115,205.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, President Sarah Luna sold 14,400 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $13.85, for a total transaction of $199,440.00. Following the sale, the president now owns 290,297 shares of the company's stock, valued at $4,020,613.45. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Andrew Hagopian sold 26,740 shares of the stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $12.18, for a total value of $325,693.20. Following the sale, the insider now directly owns 255,764 shares in the company, valued at $3,115,205.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 47.83% of the company's stock.

Institutional Investors Weigh In On Xponential Fitness

Hedge funds have recently modified their holdings of the company. Kent Lake Capital LLC increased its position in Xponential Fitness by 276.0% in the 1st quarter. Kent Lake Capital LLC now owns 882,443 shares of the company's stock valued at $14,596,000 after buying an additional 647,743 shares in the last quarter. JCP Investment Management LLC acquired a new position in Xponential Fitness during the 2nd quarter valued at about $3,915,000. Hiddenite Capital Partners LP acquired a new position in Xponential Fitness during the 2nd quarter valued at about $2,730,000. Nut Tree Capital Management LP boosted its stake in shares of Xponential Fitness by 74.3% in the 1st quarter. Nut Tree Capital Management LP now owns 250,000 shares of the company's stock worth $4,135,000 after buying an additional 106,587 shares during the last quarter. Finally, AQR Capital Management LLC raised 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 purchasing an additional 95,945 shares during the period. Institutional investors and hedge funds own 58.55% of the company's stock.

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.