Xponential Fitness, Inc. (NYSE:XPOF) Given Average Rating of “Buy” by Brokerages

Xponential Fitness, Inc. (NYSE:XPOF – Get Rating) has been assigned a consensus recommendation of “Buy” from the seven research firms that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $32.43.

XPOF has been the topic of several recent research reports. Raymond James upped their price target on Xponential Fitness from $30.00 to $32.00 and gave the stock a “strong-buy” rating in a research note on Friday, March 3rd. Guggenheim boosted their target price on Xponential Fitness from $29.00 to $31.00 and gave the stock a “buy” rating in a report on Monday. Citigroup boosted their target price on Xponential Fitness from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, March 6th. Morgan Stanley boosted their target price on Xponential Fitness from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, March 3rd. Finally, B. Riley boosted their target price on Xponential Fitness from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, January 13th.

Xponential Fitness Stock Down 1.6 %

Shares of XPOF stock opened at $27.07 on Thursday. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of -7.38, a PEG ratio of 1.29 and a beta of 1.41. The business’s fifty day moving average is $26.13 and its 200 day moving average is $22.32. Xponential Fitness has a twelve month low of $11.20 and a twelve month high of $30.70.

Insider Activity

In other news, Director Mark Grabowski sold 4,000,000 shares of the company’s stock in a transaction on Friday, February 10th. The stock was sold at an average price of $24.50, for a total transaction of $98,000,000.00. Following the transaction, the director now directly owns 10,472 shares of the company’s stock, valued at $256,564. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, COO Ryan Junk sold 10,290 shares of the company’s stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $28.55, for a total transaction of $293,779.50. Following the completion of the sale, the chief operating officer now owns 14,660 shares in the company, valued at $418,543. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark Grabowski sold 4,000,000 shares of the company’s stock in a transaction on Friday, February 10th. The shares were sold at an average price of $24.50, for a total value of $98,000,000.00. Following the sale, the director now owns 10,472 shares of the company’s stock, valued at approximately $256,564. The disclosure for this sale can be found here. Insiders have sold a total of 5,870,735 shares of company stock valued at $144,519,681 over the last ninety days. 69.33% of the stock is currently owned by corporate insiders.

Institutional Trading of Xponential Fitness

A number of hedge funds have recently bought and sold shares of the company. Driehaus Capital Management LLC increased its position in Xponential Fitness by 1.8% during the fourth quarter. Driehaus Capital Management LLC now owns 2,171,620 shares of the company’s stock valued at $49,795,000 after acquiring an additional 38,612 shares during the last quarter. Federated Hermes Inc. increased its position in Xponential Fitness by 6.0% during the third quarter. Federated Hermes Inc. now owns 1,850,000 shares of the company’s stock valued at $33,781,000 after acquiring an additional 105,000 shares during the last quarter. Eagle Asset Management Inc. increased its position in Xponential Fitness by 7.4% during the fourth quarter. Eagle Asset Management Inc. now owns 1,179,458 shares of the company’s stock valued at $26,750,000 after acquiring an additional 80,859 shares during the last quarter. BlackRock Inc. increased its position in Xponential Fitness by 6.3% during the third quarter. BlackRock Inc. now owns 1,057,332 shares of the company’s stock valued at $19,307,000 after acquiring an additional 62,579 shares during the last quarter. Finally, Ophir Asset Management Pty Ltd increased its position in Xponential Fitness by 57.1% in the third quarter. Ophir Asset Management Pty Ltd now owns 912,923 shares of the company’s stock worth $16,670,000 after buying an additional 331,864 shares in the last quarter. Hedge funds and other institutional investors own 28.77% 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.