Xponential Fitness, Inc. (NYSE:XPOF) Sees Significant Drop in Short Interest

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

Insiders Place Their Bets

In other Xponential Fitness news, insider Andrew Hagopian sold 26,740 shares of Xponential Fitness stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $12.18, for a total transaction of $325,693.20. Following the sale, the insider now directly owns 255,764 shares of the company’s stock, valued at approximately $3,115,205.52. The trade was a 9.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark Grabowski sold 2,595,598 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $15.35, for a total value of $39,842,429.30. Following the transaction, the director now owns 30,546 shares in the company, valued at $468,881.10. This trade represents a 98.84 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 47.83% of the company’s stock.

Institutional Investors Weigh In On Xponential Fitness

Several institutional investors and hedge funds have recently made changes to their positions in XPOF. nVerses Capital LLC purchased a new stake in shares of Xponential Fitness during the second quarter valued at $34,000. Quarry LP boosted its holdings in shares of Xponential Fitness by 80.4% during the 2nd quarter. Quarry LP now owns 3,692 shares of the company’s stock valued at $58,000 after acquiring an additional 1,646 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Xponential Fitness in the second quarter worth approximately $72,000. SG Americas Securities LLC bought a new stake in shares of Xponential Fitness in the third quarter worth approximately $107,000. Finally, Centiva Capital LP purchased a new position in shares of Xponential Fitness during the third quarter valued at approximately $183,000. Institutional investors own 58.55% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on XPOF shares. Stifel Nicolaus upped their price target on Xponential Fitness from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Piper Sandler reduced their target price on shares of Xponential Fitness from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Four 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 company’s stock. According to data from MarketBeat.com, Xponential Fitness presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.17.

Xponential Fitness Stock Performance

NYSE:XPOF opened at $15.14 on Friday. The firm has a market cap of $731.26 million, a P/E ratio of -13.05 and a beta of 1.26. Xponential Fitness has a fifty-two week low of $7.40 and a fifty-two week high of $18.95. The firm has a 50-day simple moving average of $13.91 and a two-hundred day simple moving average of $13.99.

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.