Wasatch Advisors LP Acquires 565,451 Shares of Xponential Fitness, Inc. (NYSE:XPOF)

Wasatch Advisors LP grew its holdings in Xponential Fitness, Inc. (NYSE:XPOF) by 96.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,152,972 shares of the company’s stock after acquiring an additional 565,451 shares during the quarter. Wasatch Advisors LP owned 2.39% of Xponential Fitness worth $14,297,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Verition Fund Management LLC increased its holdings in shares of Xponential Fitness by 276.5% in the third quarter. Verition Fund Management LLC now owns 692,729 shares of the company’s stock worth $8,590,000 after acquiring an additional 508,715 shares in the last quarter. Rockefeller Capital Management L.P. bought a new stake in shares of Xponential Fitness in the third quarter worth about $3,171,000. JCP Investment Management LLC bought a new stake in shares of Xponential Fitness in the second quarter worth about $3,915,000. Algert Global LLC increased its holdings in shares of Xponential Fitness by 4.0% in the second quarter. Algert Global LLC now owns 203,823 shares of the company’s stock worth $3,180,000 after acquiring an additional 7,825 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Xponential Fitness by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 195,380 shares of the company’s stock worth $2,423,000 after acquiring an additional 2,670 shares in the last quarter. 58.55% of the stock is currently owned by institutional investors.

Xponential Fitness Stock Up 0.2 %

Shares of XPOF stock opened at $15.24 on Friday. The stock’s fifty day moving average price is $13.35 and its two-hundred day moving average price is $13.59. Xponential Fitness, Inc. has a fifty-two week low of $7.40 and a fifty-two week high of $18.95.

Insider Buying and Selling at Xponential Fitness

In other Xponential Fitness news, President Sarah Luna sold 14,400 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $13.85, for a total value of $199,440.00. Following the sale, the president now owns 290,297 shares of the company’s stock, valued at approximately $4,020,613.45. This trade represents a 4.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mark Grabowski sold 2,595,598 shares of the firm’s stock in a transaction on 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 sale, the director now directly owns 30,546 shares in the company, valued at approximately $468,881.10. This trade represents a 98.84 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,636,738 shares of company stock valued at $40,367,563. 47.83% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

XPOF has been the subject of several recent research reports. Stifel Nicolaus upped their price objective on Xponential Fitness from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. B. Riley increased their price target on Xponential Fitness from $9.00 to $12.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Finally, Piper Sandler reduced their price target on Xponential Fitness from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Four research 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $17.17.

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.