Xponential Fitness (NYSE:XPOF) Trading 9.9% Higher - Here's Why

Xponential Fitness, Inc. (NYSE:XPOF - Get Free Report) shares shot up 9.9% during mid-day trading on Friday . The stock traded as high as $15.36 and last traded at $15.33. 170,383 shares were traded during mid-day trading, a decline of 35% from the average session volume of 262,233 shares. The stock had previously closed at $13.95.

Analyst Upgrades and Downgrades

Several analysts have commented on XPOF shares. Stifel Nicolaus raised their target price on shares of Xponential Fitness from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Piper Sandler dropped their price objective on shares of Xponential Fitness from $13.00 to $12.00 and set a "neutral" rating on the stock in a report on Friday, November 8th. Four 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, the stock has a consensus rating of "Moderate Buy" and an average price target of $17.17.

Xponential Fitness Price Performance

The stock has a market capitalization of $737.10 million, a P/E ratio of -13.16 and a beta of 1.26. The stock's 50-day simple moving average is $14.31 and its 200 day simple moving average is $14.31.

Insider Buying and Selling at Xponential Fitness

In related 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 transaction, the director now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Andrew Hagopian sold 26,740 shares of Xponential Fitness stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $12.18, for a total transaction of $325,693.20. Following the completion of the sale, the insider now owns 255,764 shares of the company's stock, valued at $3,115,205.52. This trade represents a 9.47 % decrease in their position. The disclosure for this sale can be found here. Insiders own 47.83% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Quarry LP raised its stake in Xponential Fitness by 80.4% during the second quarter. Quarry LP now owns 3,692 shares of the company's stock worth $58,000 after acquiring an additional 1,646 shares in the last quarter. State Street Corp increased its position in Xponential Fitness by 0.4% during the 3rd quarter. State Street Corp now owns 541,092 shares of the company's stock worth $6,710,000 after purchasing an additional 1,977 shares in the last quarter. nVerses Capital LLC bought a new position in Xponential Fitness in the 2nd quarter valued at approximately $34,000. Principal Financial Group Inc. boosted its position in Xponential Fitness by 13.1% in 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in 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 buying an additional 2,670 shares in the last quarter. Institutional investors 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.