Xponential Fitness (NYSE:XPOF) Shares Gap Up – Here’s Why

Xponential Fitness, Inc. (NYSE:XPOF) gapped up prior to trading on Friday . The stock had previously closed at $12.70, but opened at $14.71. Xponential Fitness shares last traded at $15.55, with a volume of 132,471 shares.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on XPOF. B. Riley upped their target price on shares of Xponential Fitness from $9.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Piper Sandler decreased 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. Robert W. Baird decreased their target price on shares of Xponential Fitness from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Roth Mkm decreased their target price on shares of Xponential Fitness from $22.00 to $19.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Finally, Raymond James decreased their target price on shares of Xponential Fitness from $30.00 to $20.00 and set a “strong-buy” rating on the stock in a research report on Friday, August 2nd. Four analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $17.17.

Xponential Fitness Stock Up 29.1 %

The company’s fifty day moving average is $12.72 and its two-hundred day moving average is $13.22. The stock has a market cap of $789.99 million, a price-to-earnings ratio of -17.26 and a beta of 1.18.

Insider Activity at Xponential Fitness

In related news, President Sarah Luna sold 14,400 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $13.85, for a total value of $199,440.00. Following the sale, the president now owns 290,297 shares of the company’s stock, valued at $4,020,613.45. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Xponential Fitness news, insider Andrew Hagopian sold 26,740 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 255,764 shares in the company, valued at $3,115,205.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Sarah Luna sold 14,400 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $13.85, for a total transaction of $199,440.00. Following the completion of the transaction, the president now owns 290,297 shares in the company, valued at $4,020,613.45. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 47.83% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Xponential Fitness

Several hedge funds have recently added to or reduced their stakes in XPOF. nVerses Capital LLC purchased a new position in shares of Xponential Fitness during the second quarter worth approximately $34,000. Quarry LP grew its position in shares of Xponential Fitness by 80.4% during the second quarter. Quarry LP now owns 3,692 shares of the company’s stock worth $58,000 after acquiring an additional 1,646 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Xponential Fitness during the second quarter worth approximately $72,000. Dnca Finance purchased a new position in shares of Xponential Fitness during the second quarter worth approximately $107,000. Finally, SG Americas Securities LLC purchased a new position in shares of Xponential Fitness during the third quarter worth approximately $107,000. 58.55% of the stock is currently owned by hedge funds and other institutional investors.

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.