Brokerages Set Xponential Fitness, Inc. (NYSE:XPOF) Target Price at $17.17

Shares of Xponential Fitness, Inc. (NYSE:XPOF) have earned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $17.17.

A number of equities analysts have issued reports on the company. Stifel Nicolaus raised their target price 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 decreased their price objective on shares of Xponential Fitness from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, November 8th.

Insider Buying and Selling at Xponential Fitness

In other news, insider Andrew Hagopian sold 26,740 shares of the 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 owns 255,764 shares of the company’s stock, valued at approximately $3,115,205.52. This represents a 9.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark Grabowski sold 2,595,598 shares of Xponential Fitness stock in a transaction on 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 of the company’s stock, valued at approximately $468,881.10. This trade 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

Several institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its holdings in shares of Xponential Fitness by 12.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 82,419 shares of the company’s stock valued at $1,286,000 after buying an additional 9,079 shares during the period. Principal Financial Group Inc. grew its stake 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 worth $297,000 after purchasing an additional 2,203 shares during the period. nVerses Capital LLC purchased a new position in shares of Xponential Fitness during the 2nd quarter valued at approximately $34,000. Verus Capital Partners LLC increased its holdings in Xponential Fitness by 15.4% in the second quarter. Verus Capital Partners LLC now owns 76,629 shares of the company’s stock valued at $1,195,000 after buying an additional 10,215 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new position in shares of Xponential Fitness in the second quarter worth about $227,000. 58.55% of the stock is currently owned by institutional investors and hedge funds.

Xponential Fitness Stock Up 1.9 %

Shares of XPOF opened at $13.09 on Friday. Xponential Fitness has a 12 month low of $7.40 and a 12 month high of $18.95. The stock has a market cap of $632.29 million, a price-to-earnings ratio of -11.28 and a beta of 1.26. The company has a 50-day moving average price of $14.21 and a two-hundred day moving average price of $14.29.

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.