Geode Capital Management LLC Grows Stock Position in Xponential Fitness, Inc. (NYSE:XPOF)

Geode Capital Management LLC increased its position in shares of Xponential Fitness, Inc. (NYSE:XPOF) by 0.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 538,436 shares of the company’s stock after purchasing an additional 3,658 shares during the quarter. Geode Capital Management LLC’s holdings in Xponential Fitness were worth $6,678,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in XPOF. Quarry LP boosted its stake 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 during the last quarter. State Street Corp lifted its stake in shares of Xponential Fitness by 0.4% in 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 purchased a new position in shares of Xponential Fitness in the second quarter worth about $34,000. Principal Financial Group Inc. boosted its position in Xponential Fitness by 13.1% during the second quarter. Principal Financial Group Inc. now owns 19,021 shares of the company’s stock worth $297,000 after acquiring an additional 2,203 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake 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 valued at $2,423,000 after acquiring an additional 2,670 shares in the last quarter. 58.55% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Andrew Hagopian sold 26,740 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now directly owns 255,764 shares of the company’s stock, valued at $3,115,205.52. The trade was a 9.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark Grabowski sold 2,595,598 shares of the company’s stock in a transaction dated 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 sale, the director now owns 30,546 shares in the company, valued at approximately $468,881.10. This trade represents a 98.84 % decrease in their position. The disclosure for this sale can be found here. Insiders own 47.83% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Stifel Nicolaus raised their target price on shares of 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 price objective on 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 investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Xponential Fitness has an average rating of “Moderate Buy” and a consensus target price of $17.17.

Xponential Fitness Stock Up 9.4 %

XPOF stock opened at $15.26 on Friday. Xponential Fitness, Inc. has a 52-week low of $7.40 and a 52-week high of $18.95. The stock has a market cap of $737.10 million, a price-to-earnings ratio of -13.16 and a beta of 1.26. The business has a fifty day moving average of $14.31 and a two-hundred day moving average of $14.31.

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.