Xponential Fitness (NYSE:XPOF) Stock Price Up 9.9% – Should You Buy?

Xponential Fitness, Inc. (NYSE:XPOF) shares were up 9.9% on Friday . The company traded as high as $15.36 and last traded at $15.33. Approximately 170,383 shares were traded during trading, a decline of 35% from the average daily volume of 262,233 shares. The stock had previously closed at $13.95.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on XPOF shares. Stifel Nicolaus increased their price objective on shares of Xponential Fitness from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Piper Sandler dropped their price target on shares of 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 investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.17.

Xponential Fitness Stock Performance

The firm has a market cap of $737.10 million, a price-to-earnings ratio of -13.16 and a beta of 1.26. The business’s 50-day moving average is $14.31 and its 200-day moving average is $14.30.

Insider Transactions at Xponential Fitness

In related news, insider Andrew Hagopian sold 26,740 shares of the company’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $12.18, for a total transaction of $325,693.20. Following the transaction, the insider now owns 255,764 shares in the company, valued at $3,115,205.52. This represents a 9.47 % decrease in their position. 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 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 sale, the director now directly owns 30,546 shares in the company, valued at approximately $468,881.10. This 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.

Hedge Funds Weigh In On Xponential Fitness

Large investors have recently modified their holdings of the stock. Quarry LP lifted its stake in shares of Xponential Fitness by 80.4% during the second 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 period. Canada Pension Plan Investment Board bought a new stake in Xponential Fitness during the 2nd quarter worth about $72,000. SG Americas Securities LLC acquired a new position in Xponential Fitness during the 3rd quarter valued at about $107,000. Centiva Capital LP acquired a new position in Xponential Fitness during the 3rd quarter valued at about $183,000. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Xponential Fitness in the 3rd quarter valued at about $185,000. 58.55% of the stock is currently owned by institutional investors and hedge funds.

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.