Xponential Fitness, Inc. (NYSE:XPOF) Short Interest Update

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

Analyst Ratings Changes

Several brokerages recently commented on XPOF. Stifel Nicolaus increased their price target on Xponential Fitness from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Piper Sandler cut their price objective on Xponential Fitness from $13.00 to $12.00 and set a “neutral” rating for the company in a 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.17.

Xponential Fitness Stock Up 7.7 %

Shares of XPOF stock opened at $15.13 on Friday. The business has a fifty day simple moving average of $13.91 and a 200 day simple moving average of $14.02. The company has a market cap of $730.78 million, a P/E ratio of -13.04 and a beta of 1.26. Xponential Fitness has a twelve month low of $7.40 and a twelve month high of $18.95.

Insiders Place Their Bets

In other Xponential Fitness news, insider Andrew Hagopian sold 26,740 shares of Xponential Fitness stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $12.18, for a total value of $325,693.20. Following the sale, the insider now directly owns 255,764 shares in the company, valued at approximately $3,115,205.52. The trade was a 9.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 transaction, the director now owns 30,546 shares of the company’s stock, valued at approximately $468,881.10. This represents a 98.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 47.83% of the company’s stock.

Institutional Investors Weigh In On Xponential Fitness

A number of hedge funds have recently made changes to their positions in the stock. Quarry LP increased its position in Xponential Fitness by 80.4% during the 2nd quarter. Quarry LP now owns 3,692 shares of the company’s stock worth $58,000 after purchasing an additional 1,646 shares in the last quarter. State Street Corp increased its holdings in shares of Xponential Fitness by 0.4% during the third quarter. State Street Corp now owns 541,092 shares of the company’s stock worth $6,710,000 after buying an additional 1,977 shares in the last quarter. nVerses Capital LLC bought a new position in shares of Xponential Fitness in the 2nd quarter valued at $34,000. Principal Financial Group Inc. boosted its holdings in shares of Xponential Fitness by 13.1% during the 2nd quarter. Principal Financial Group Inc. now owns 19,021 shares of the company’s stock valued at $297,000 after acquiring an additional 2,203 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Xponential Fitness by 1.4% during the 3rd 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 during the last quarter. 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.