Xponential Fitness (NYSE:XPOF) Shares Up 7.2% – Here’s What Happened

Xponential Fitness, Inc. (NYSE:XPOF) traded up 7.2% on Tuesday . The company traded as high as $16.80 and last traded at $17.26. 29,189 shares were traded during mid-day trading, a decline of 92% from the average session volume of 349,564 shares. The stock had previously closed at $16.10.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on XPOF shares. Piper Sandler boosted their target price on shares of Xponential Fitness from $12.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, January 6th. Northland Capmk raised Xponential Fitness to a “hold” rating in a research note on Thursday, January 23rd. Stifel Nicolaus lifted their price objective on Xponential Fitness from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Northland Securities started coverage on Xponential Fitness in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $17.50 price target on the stock. Six investment 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. Based on data from MarketBeat, Xponential Fitness currently has an average rating of “Moderate Buy” and an average price target of $17.60.

Xponential Fitness Price Performance

The business’s 50-day simple moving average is $14.84 and its two-hundred day simple moving average is $14.25. The stock has a market capitalization of $819.17 million, a price-to-earnings ratio of -14.63 and a beta of 1.30.

Xponential Fitness (NYSE:XPOF) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.22). Xponential Fitness had a negative net margin of 9.15% and a negative return on equity of 4.37%. The company had revenue of $80.49 million during the quarter, compared to analysts’ expectations of $76.85 million. During the same period last year, the business earned $0.11 earnings per share. As a group, sell-side analysts expect that Xponential Fitness, Inc. will post 0.61 EPS for the current year.

Insider Activity

In other Xponential Fitness news, Director Mark Grabowski sold 2,595,598 shares of Xponential Fitness stock in a transaction that occurred 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 sale, the director now directly owns 30,546 shares in the company, valued at $468,881.10. The trade was a 98.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 47.83% of the company’s stock.

Institutional Trading of Xponential Fitness

A number of hedge funds and other institutional investors have recently made changes to their positions in XPOF. Wasatch Advisors LP grew its position in shares of Xponential Fitness by 96.2% in the 3rd quarter. Wasatch Advisors LP now owns 1,152,972 shares of the company’s stock worth $14,297,000 after acquiring an additional 565,451 shares in the last quarter. Verition Fund Management LLC boosted its holdings in Xponential Fitness by 276.5% in the third quarter. Verition Fund Management LLC now owns 692,729 shares of the company’s stock worth $8,590,000 after purchasing an additional 508,715 shares during the period. Rockefeller Capital Management L.P. bought a new stake in Xponential Fitness during the third quarter valued at $3,171,000. AQR Capital Management LLC raised its holdings in shares of Xponential Fitness by 684.4% during the second quarter. AQR Capital Management LLC now owns 109,963 shares of the company’s stock worth $1,715,000 after purchasing an additional 95,945 shares during the period. Finally, Mutual of America Capital Management LLC bought a new position in shares of Xponential Fitness in the 3rd quarter worth about $1,015,000. Institutional investors own 58.55% of the company’s stock.

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.