Short Interest in Xponential Fitness, Inc. (NYSE:XPOF) Declines By 16.3%

Xponential Fitness, Inc. (NYSE:XPOF) saw a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 3,280,000 shares, a decrease of 16.3% from the November 15th total of 3,920,000 shares. Currently, 13.4% of the company’s shares are sold short. Based on an average daily trading volume, of 440,200 shares, the short-interest ratio is currently 7.5 days.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on XPOF. 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. Stifel Nicolaus boosted their target price on Xponential Fitness from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.17.

Xponential Fitness Stock Performance

Xponential Fitness stock opened at $15.13 on Friday. Xponential Fitness has a fifty-two week low of $7.40 and a fifty-two week high of $18.95. The firm’s 50-day simple moving average is $13.91 and its 200 day simple moving average is $14.02. The stock has a market cap of $730.78 million, a PE ratio of -13.04 and a beta of 1.26.

Insider Activity

In related news, insider Andrew Hagopian sold 26,740 shares of Xponential Fitness stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $12.18, for a total transaction of $325,693.20. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark Grabowski sold 2,595,598 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $15.35, for a total transaction of $39,842,429.30. Following the completion of the transaction, the director now owns 30,546 shares in the company, valued at approximately $468,881.10. The trade was a 98.84 % decrease in their position. The disclosure for this sale can be found here. Insiders own 47.83% of the company’s stock.

Hedge Funds Weigh In On Xponential Fitness

Hedge funds and other institutional investors have recently modified their holdings of the business. Wasatch Advisors LP increased its position in shares of Xponential Fitness by 96.2% during the third quarter. Wasatch Advisors LP now owns 1,152,972 shares of the company’s stock valued at $14,297,000 after acquiring an additional 565,451 shares during the last quarter. Verition Fund Management LLC increased its position in shares of Xponential Fitness by 276.5% during the 3rd quarter. Verition Fund Management LLC now owns 692,729 shares of the company’s stock valued at $8,590,000 after purchasing an additional 508,715 shares during the last quarter. Rockefeller Capital Management L.P. bought a new stake in shares of Xponential Fitness during the 3rd quarter worth $3,171,000. JCP Investment Management LLC purchased a new position in shares of Xponential Fitness in the 2nd quarter worth about $3,915,000. Finally, Hiddenite Capital Partners LP bought a new position in Xponential Fitness during the second quarter valued at about $2,730,000. Hedge funds and other 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.