Xponential Fitness (NYSE:XPOF) Trading Up 7.2% – Here’s What Happened

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

Wall Street Analysts Forecast Growth

XPOF has been the subject of a number of research reports. Stifel Nicolaus increased their price target on Xponential Fitness from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Northland Capmk upgraded Xponential Fitness to a “hold” rating in a report on Thursday, January 23rd. Piper Sandler raised 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 research report on Thursday, January 23rd. They issued a “market perform” rating and a $17.50 price target for the company. Six 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $17.60.

Xponential Fitness Price Performance

The stock’s 50 day moving average price is $14.89 and its 200 day moving average price is $14.27.

Xponential Fitness (NYSE:XPOF) last issued its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.22). The business had revenue of $80.49 million during the quarter, compared to the consensus estimate of $76.85 million. Xponential Fitness had a negative return on equity of 4.37% and a negative net margin of 9.15%. During the same quarter in the previous year, the firm posted $0.11 earnings per share. On average, sell-side analysts anticipate that Xponential Fitness, Inc. will post 0.61 earnings per share for the current year.

Insider Activity

In other news, Director Mark Grabowski sold 2,595,598 shares of Xponential Fitness stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $15.35, for a total transaction of $39,842,429.30. Following the sale, the director now directly owns 30,546 shares in the company, valued at $468,881.10. The trade was a 98.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 47.83% of the company’s stock.

Institutional Investors Weigh In On Xponential Fitness

Several large investors have recently modified their holdings of XPOF. Wasatch Advisors LP raised its stake in shares of Xponential Fitness by 96.2% in the third quarter. Wasatch Advisors LP now owns 1,152,972 shares of the company’s stock valued at $14,297,000 after buying an additional 565,451 shares during the period. Verition Fund Management LLC grew its stake in Xponential Fitness by 276.5% during the third quarter. Verition Fund Management LLC now owns 692,729 shares of the company’s stock valued at $8,590,000 after acquiring an additional 508,715 shares in the last quarter. State Street Corp increased its holdings in shares of Xponential Fitness by 0.4% in the third 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 during the period. Geode Capital Management LLC increased its stake in Xponential Fitness by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 538,436 shares of the company’s stock worth $6,678,000 after acquiring an additional 3,658 shares during the last quarter. Finally, Rockefeller Capital Management L.P. bought a new position in shares of Xponential Fitness in the third quarter worth approximately $3,171,000. Hedge funds and other 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.