Analysts Set Xponential Fitness, Inc. (NYSE:XPOF) PT at $17.17

Shares of Xponential Fitness, Inc. (NYSE:XPOF) have earned an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $17.17.

Several analysts recently issued reports on the company. Stifel Nicolaus increased their price objective on Xponential Fitness from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Piper Sandler dropped their price objective on Xponential Fitness from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th.

Insider Buying and Selling

In related news, insider Andrew Hagopian sold 26,740 shares of the business’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 sale, the insider now owns 255,764 shares of the company’s stock, valued at $3,115,205.52. The trade was a 9.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Sarah Luna sold 14,400 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $13.85, for a total transaction of $199,440.00. Following the sale, the president now directly owns 290,297 shares in the company, valued at $4,020,613.45. The trade was a 4.73 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,636,738 shares of company stock valued at $40,367,563. Corporate insiders own 47.83% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Wasatch Advisors LP increased its holdings in Xponential Fitness by 96.2% during the third quarter. Wasatch Advisors LP now owns 1,152,972 shares of the company’s stock valued at $14,297,000 after buying an additional 565,451 shares during the last quarter. Verition Fund Management LLC increased its holdings in Xponential Fitness by 276.5% during the third quarter. Verition Fund Management LLC now owns 692,729 shares of the company’s stock valued at $8,590,000 after buying an additional 508,715 shares during the last quarter. State Street Corp increased its holdings in Xponential Fitness by 0.4% during the third quarter. State Street Corp now owns 541,092 shares of the company’s stock valued at $6,710,000 after buying an additional 1,977 shares during the last quarter. Geode Capital Management LLC increased its holdings in Xponential Fitness by 0.7% during the third quarter. Geode Capital Management LLC now owns 538,436 shares of the company’s stock valued at $6,678,000 after buying an additional 3,658 shares during the last quarter. Finally, Rockefeller Capital Management L.P. purchased a new stake in Xponential Fitness during the third quarter valued at approximately $3,171,000. 58.55% of the stock is owned by hedge funds and other institutional investors.

Xponential Fitness Stock Performance

XPOF stock opened at $15.27 on Tuesday. The company’s 50-day simple moving average is $13.54 and its 200 day simple moving average is $13.73. Xponential Fitness has a 52 week low of $7.40 and a 52 week high of $18.95. The company has a market capitalization of $737.54 million, a PE ratio of -13.16 and a beta of 1.26.

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.