Xponential Fitness (NYSE:XPOF) Shares Up 7.2% – Time to Buy?

Xponential Fitness, Inc. (NYSE:XPOF) shares shot up 7.2% on Tuesday . The company traded as high as $16.80 and last traded at $17.26. 29,189 shares changed hands during 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

A number of equities analysts have issued reports on XPOF shares. Northland Securities began coverage on shares of Xponential Fitness in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $17.50 price objective on the stock. Stifel Nicolaus raised their price target on Xponential Fitness from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Northland Capmk upgraded Xponential Fitness to a “hold” rating in a report on Thursday, January 23rd. Finally, Piper Sandler boosted their target price on Xponential Fitness from $12.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $17.60.

Xponential Fitness Trading Up 3.3 %

The firm has a 50-day moving average of $14.89 and a 200 day moving average of $14.27.

Xponential Fitness (NYSE:XPOF) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.22). The firm had revenue of $80.49 million during the quarter, compared to analyst estimates of $76.85 million. Xponential Fitness had a negative net margin of 9.15% and a negative return on equity of 4.37%. During the same quarter in the prior year, the business earned $0.11 EPS. Equities analysts predict that Xponential Fitness, Inc. will post 0.61 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Mark Grabowski sold 2,595,598 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $15.35, for a total transaction of $39,842,429.30. Following the completion of 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. 47.83% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Xponential Fitness

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wasatch Advisors LP boosted its stake in shares of Xponential Fitness by 96.2% in 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 period. Verition Fund Management LLC increased its stake in Xponential Fitness by 276.5% in the third quarter. Verition Fund Management LLC now owns 692,729 shares of the company’s stock valued at $8,590,000 after acquiring an additional 508,715 shares during the last quarter. State Street Corp lifted its stake in Xponential Fitness by 0.4% during the third quarter. State Street Corp now owns 541,092 shares of the company’s stock worth $6,710,000 after purchasing an additional 1,977 shares during the last quarter. Geode Capital Management LLC lifted its stake in Xponential Fitness by 0.7% during the third quarter. Geode Capital Management LLC now owns 538,436 shares of the company’s stock worth $6,678,000 after purchasing an additional 3,658 shares during the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new stake in shares of Xponential Fitness in the 3rd quarter valued at $3,171,000. Institutional investors and hedge funds own 58.55% of the company’s stock.

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.