Xponential Fitness (NYSE:XPOF) Stock Price Up 7.2% - Here's What Happened

Xponential Fitness, Inc. (NYSE:XPOF - Get Free Report) traded up 7.2% during trading on Tuesday . The company traded as high as $16.80 and last traded at $17.26. 29,189 shares were traded during mid-day trading, a decline of 92% from the average session volume of 349,564 shares. The stock had previously closed at $16.10.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Stifel Nicolaus increased their target price on shares of Xponential Fitness from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Northland Capmk raised shares of Xponential Fitness to a "hold" rating in a report on Thursday, January 23rd. Piper Sandler upped their price objective on shares of Xponential Fitness from $12.00 to $16.00 and gave the company a "neutral" rating in a report on Monday, January 6th. Finally, Northland Securities began coverage on shares of Xponential Fitness in a report on Thursday, January 23rd. They issued a "market perform" rating and a $17.50 price objective for the company. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $17.60.

Xponential Fitness Trading Down 3.4 %

The firm has a market cap of $807.82 million, a price-to-earnings ratio of -14.42 and a beta of 1.30. The firm has a 50 day moving average price of $14.95 and a 200-day moving average price of $14.29.

Xponential Fitness (NYSE:XPOF - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.22). Xponential Fitness had a negative net margin of 9.15% and a negative return on equity of 4.37%. The company had revenue of $80.49 million for the quarter, compared to analyst estimates of $76.85 million. During the same period in the prior year, the company earned $0.11 EPS. As a group, equities analysts expect that Xponential Fitness, Inc. will post 0.61 earnings per share for the current fiscal year.

Insider Transactions at Xponential Fitness

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 transaction, the director now directly owns 30,546 shares of the company's stock, valued at $468,881.10. This represents a 98.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 47.83% of the company's stock.

Institutional Investors Weigh In On Xponential Fitness

Several institutional investors and hedge funds have recently made changes to their positions in XPOF. Quarry LP grew its holdings in shares of 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 buying an additional 1,646 shares in the last quarter. State Street Corp grew its holdings in shares of 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 in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Xponential Fitness by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 195,380 shares of the company's stock worth $2,423,000 after buying an additional 2,670 shares in the last quarter. Financial Management Professionals Inc. grew its holdings in shares of Xponential Fitness by 117.6% during the fourth quarter. Financial Management Professionals Inc. now owns 5,021 shares of the company's stock worth $68,000 after buying an additional 2,714 shares in the last quarter. Finally, SkyView Investment Advisors LLC grew its holdings in shares of Xponential Fitness by 23.3% during the third quarter. SkyView Investment Advisors LLC now owns 18,500 shares of the company's stock worth $229,000 after buying an additional 3,500 shares in the last quarter. 58.55% of the stock is owned by institutional investors and hedge funds.

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.