Xponential Fitness (NYSE:XPOF) Stock Price Up 4.3% - Here's Why

Shares of Xponential Fitness, Inc. (NYSE:XPOF - Get Free Report) shot up 4.3% on Friday . The stock traded as high as $14.68 and last traded at $14.66. 44,549 shares changed hands during trading, a decline of 93% from the average session volume of 655,539 shares. The stock had previously closed at $14.05.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Stifel Nicolaus increased their price objective on Xponential Fitness from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Piper Sandler decreased their price target on shares of Xponential Fitness from $13.00 to $12.00 and set a "neutral" rating for the company in a research note on Friday, November 8th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Xponential Fitness has a consensus rating of "Moderate Buy" and a consensus target price of $17.17.

Xponential Fitness Trading Up 7.7 %

The company has a market cap of $730.78 million, a P/E ratio of -13.04 and a beta of 1.26. The business has a 50 day moving average price of $13.91 and a 200-day moving average price of $14.02.

Insider Buying and Selling

In other Xponential Fitness news, Director Mark Grabowski sold 2,595,598 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The stock was 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 $468,881.10. This represents a 98.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Andrew Hagopian sold 26,740 shares of Xponential Fitness 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 transaction, the insider now owns 255,764 shares of the company's stock, valued at $3,115,205.52. This represents a 9.47 % decrease in their ownership of the stock. 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. Rockefeller Capital Management L.P. bought a new position in Xponential Fitness in the 3rd quarter valued at about $3,171,000. JCP Investment Management LLC acquired a new position in shares of Xponential Fitness in the second quarter valued at approximately $3,915,000. Mutual of America Capital Management LLC bought a new position in shares of Xponential Fitness during the third quarter worth approximately $1,015,000. Wasatch Advisors LP lifted its holdings in Xponential Fitness by 96.2% during the 3rd quarter. Wasatch Advisors LP now owns 1,152,972 shares of the company's stock worth $14,297,000 after purchasing an additional 565,451 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in Xponential Fitness in the 2nd quarter valued at $1,076,000. 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.