Xponential Fitness (NYSE:XPOF) Sees Large Volume Increase

Shares of Xponential Fitness, Inc. (NYSE:XPOFGet Rating) saw unusually-high trading volume on Tuesday . Approximately 21,824 shares traded hands during trading, a decline of 83% from the previous session’s volume of 129,569 shares.The stock last traded at $19.94 and had previously closed at $19.99.

Wall Street Analyst Weigh In

Separately, Raymond James increased their price objective on shares of Xponential Fitness from $27.00 to $29.00 and gave the company a “strong-buy” rating in a research note on Friday, August 12th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $27.57.

Xponential Fitness Stock Performance

The stock’s 50-day moving average is $16.68 and its 200 day moving average is $18.07.

Institutional Investors Weigh In On Xponential Fitness

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Amalgamated Bank purchased a new position in shares of Xponential Fitness in the first quarter worth $32,000. Macquarie Group Ltd. raised its holdings in shares of Xponential Fitness by 133.2% in the second quarter. Macquarie Group Ltd. now owns 2,696 shares of the company’s stock worth $34,000 after buying an additional 1,540 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Xponential Fitness in the second quarter worth $34,000. American International Group Inc. raised its holdings in shares of Xponential Fitness by 29.8% in the second quarter. American International Group Inc. now owns 7,939 shares of the company’s stock worth $100,000 after buying an additional 1,824 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new position in shares of Xponential Fitness in the second quarter worth $132,000. Hedge funds and other institutional investors own 66.57% of the company’s stock.

Xponential Fitness Company Profile

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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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