Xponential Fitness (NYSE:XPOF) Trading 10.1% Higher – What’s Next?

Shares of Xponential Fitness, Inc. (NYSE:XPOF) shot up 10.1% during trading on Wednesday . The company traded as high as $16.54 and last traded at $16.49. 128,767 shares traded hands during trading, a decline of 63% from the average session volume of 349,847 shares. The stock had previously closed at $14.98.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on XPOF shares. Piper Sandler increased their price objective on shares of Xponential Fitness from $12.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, January 6th. Stifel Nicolaus increased their price target on Xponential Fitness from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Four equities research 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.com, Xponential Fitness has an average rating of “Moderate Buy” and a consensus price target of $17.61.

Xponential Fitness Trading Up 7.4 %

The firm has a market capitalization of $777.20 million, a P/E ratio of -13.87 and a beta of 1.30. The stock has a 50-day simple moving average of $14.65 and a two-hundred day simple moving average of $14.26.

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 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 completion of 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 the SEC website. 47.83% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in XPOF. Quarry LP grew its stake in Xponential Fitness by 80.4% in the second quarter. Quarry LP now owns 3,692 shares of the company’s stock valued at $58,000 after purchasing an additional 1,646 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Xponential Fitness in the 2nd quarter worth approximately $72,000. SG Americas Securities LLC bought a new position in shares of Xponential Fitness during the 3rd quarter worth approximately $107,000. Centiva Capital LP bought a new position in shares of Xponential Fitness during the 3rd quarter worth approximately $183,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in Xponential Fitness during the third quarter valued at approximately $185,000. 58.55% of the stock is owned by institutional investors.

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.