Short Interest in Xponential Fitness, Inc. (NYSE:XPOF) Rises By 47.1%

Xponential Fitness, Inc. (NYSE:XPOFGet Rating) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 1,030,000 shares, a growth of 47.1% from the March 15th total of 700,000 shares. Based on an average daily volume of 281,000 shares, the days-to-cover ratio is currently 3.7 days. Approximately 9.8% of the company’s stock are short sold.

XPOF has been the subject of several research analyst reports. Raymond James reduced their price objective on Xponential Fitness from $28.00 to $27.00 and set a “strong-buy” rating for the company in a research note on Friday, March 4th. Robert W. Baird raised their target price on Xponential Fitness from $26.00 to $28.00 in a report on Monday, March 14th. Zacks Investment Research lowered Xponential Fitness from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 9th. Finally, Evercore ISI began coverage on Xponential Fitness in a report on Monday, March 14th. They set an “outperform” rating and a $34.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $24.15.

Shares of Xponential Fitness stock opened at $22.27 on Friday. Xponential Fitness has a one year low of $9.87 and a one year high of $26.90. The business’s 50 day moving average price is $21.44 and its 200 day moving average price is $19.16.

Xponential Fitness (NYSE:XPOFGet Rating) last posted its earnings results on Thursday, March 3rd. The company reported ($0.21) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.21). The business had revenue of $49.37 million during the quarter, compared to analysts’ expectations of $42.58 million. On average, research analysts predict that Xponential Fitness will post 1.06 earnings per share for the current year.

In other Xponential Fitness news, Director Mark Grabowski sold 5,175,000 shares of the stock in a transaction dated Monday, April 11th. The stock was sold at an average price of $20.00, for a total value of $103,500,000.00. Following the completion of the sale, the director now directly owns 6,122 shares in the company, valued at $122,440. The transaction was disclosed in a document filed with the SEC, which is available at this link.

A number of large investors have recently bought and sold shares of XPOF. Strs Ohio acquired a new stake in shares of Xponential Fitness in the third quarter valued at $26,000. Citigroup Inc. grew its stake in shares of Xponential Fitness by 119.8% in the fourth quarter. Citigroup Inc. now owns 2,372 shares of the company’s stock valued at $48,000 after buying an additional 1,293 shares in the last quarter. New York State Common Retirement Fund acquired a new stake in shares of Xponential Fitness in the fourth quarter valued at $89,000. California State Teachers Retirement System acquired a new stake in shares of Xponential Fitness in the third quarter valued at $64,000. Finally, American International Group Inc. acquired a new stake in shares of Xponential Fitness in the third quarter valued at $64,000. Institutional investors own 21.40% of the company’s stock.

Xponential Fitness Company Profile (Get Rating)

Xponential Fitness, Inc, through its subsidiaries, operates as a boutique fitness franchisor in the United States and internationally. The company offers fitness and wellness services, including pilates, barre, cycling, stretching, rowing, yoga, boxing, dancing, running, and functional training under the Club Pilates, Pure Barre, CycleBar, StretchLab, Row House, YogaSix, Rumble, AKT, Stride, and BFT brands.

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