Insider Selling: Xponential Fitness, Inc. (NYSE:XPOF) Director Sells 2,595,598 Shares of Stock

Xponential Fitness, Inc. (NYSE:XPOF) Director Mark Grabowski sold 2,595,598 shares of the stock in a transaction dated 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 transaction, the director now owns 30,546 shares of the company’s stock, valued at approximately $468,881.10. The trade was a 98.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Xponential Fitness Trading Up 4.0 %

XPOF opened at $14.94 on Monday. The company has a market cap of $721.60 million, a price-to-earnings ratio of -12.88 and a beta of 1.18. The company’s 50 day moving average is $13.14 and its 200 day moving average is $13.42. Xponential Fitness, Inc. has a 12-month low of $7.40 and a 12-month high of $18.95.

Hedge Funds Weigh In On Xponential Fitness

Several hedge funds have recently modified their holdings of the stock. SkyView Investment Advisors LLC increased its position in Xponential Fitness by 23.3% in the third quarter. SkyView Investment Advisors LLC now owns 18,500 shares of the company’s stock worth $229,000 after purchasing an additional 3,500 shares during the last quarter. Barclays PLC boosted its stake in shares of Xponential Fitness by 366.5% during the third quarter. Barclays PLC now owns 39,621 shares of the company’s stock valued at $491,000 after purchasing an additional 31,127 shares during the period. Geode Capital Management LLC lifted its stake in Xponential Fitness by 0.7% in the third 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 period. ABS Direct Equity Fund LLC lifted its stake in Xponential Fitness by 5.9% in the third quarter. ABS Direct Equity Fund LLC now owns 180,000 shares of the company’s stock worth $2,232,000 after acquiring an additional 10,000 shares during the period. Finally, State Street Corp lifted its stake in 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 acquiring an additional 1,977 shares during the period. Hedge funds and other institutional investors own 58.55% of the company’s stock.

Wall Street Analyst Weigh In

XPOF has been the subject of a number of research analyst reports. Raymond James reduced their price target on shares of Xponential Fitness from $30.00 to $20.00 and set a “strong-buy” rating for the company in a research note on Friday, August 2nd. Roth Mkm reduced their price target on shares of Xponential Fitness from $22.00 to $19.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Robert W. Baird reduced their price target on shares of Xponential Fitness from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Stifel Nicolaus lifted their price target on shares of Xponential Fitness from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, B. Riley lifted their price target on shares of Xponential Fitness from $9.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Four investment 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 data from MarketBeat.com, Xponential Fitness has an average rating of “Moderate Buy” and a consensus target price of $17.17.

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.