Xponential Fitness (NYSE:XPOF) Shares Gap Up – Here’s What Happened

Xponential Fitness, Inc. (NYSE:XPOF) shares gapped up prior to trading on Friday . The stock had previously closed at $12.70, but opened at $14.71. Xponential Fitness shares last traded at $15.55, with a volume of 132,471 shares.

Analysts Set New Price Targets

Several research analysts recently commented on XPOF shares. Piper Sandler cut 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. B. Riley raised their price objective on shares of Xponential Fitness from $9.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Roth Mkm cut their price objective on shares of Xponential Fitness from $22.00 to $19.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Raymond James cut their price objective on shares of Xponential Fitness from $30.00 to $20.00 and set a “strong-buy” rating for the company in a report on Friday, August 2nd. Finally, Robert W. Baird cut their price objective on shares of Xponential Fitness from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Xponential Fitness has a consensus rating of “Moderate Buy” and an average target price of $17.17.

Xponential Fitness Stock Performance

The firm has a market capitalization of $789.99 million, a PE ratio of -17.26 and a beta of 1.18. The company’s 50 day simple moving average is $12.72 and its 200-day simple moving average is $13.22.

Insiders Place Their Bets

In other news, insider Andrew Hagopian sold 26,740 shares of the firm’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $12.18, for a total transaction of $325,693.20. Following the sale, the insider now owns 255,764 shares in the company, valued at approximately $3,115,205.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Andrew Hagopian sold 26,740 shares of the firm’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $12.18, for a total transaction of $325,693.20. Following the sale, the insider now owns 255,764 shares in the company, valued at approximately $3,115,205.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Sarah Luna sold 14,400 shares of Xponential Fitness stock in a transaction on Friday, September 13th. The stock was sold at an average price of $13.85, for a total transaction of $199,440.00. Following the completion of the transaction, the president now owns 290,297 shares in the company, valued at approximately $4,020,613.45. The trade was a 0.00 % decrease in their position. 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 hedge funds have recently bought and sold shares of the business. Kent Lake Capital LLC raised its holdings in shares of Xponential Fitness by 276.0% during the first quarter. Kent Lake Capital LLC now owns 882,443 shares of the company’s stock valued at $14,596,000 after purchasing an additional 647,743 shares during the last quarter. JCP Investment Management LLC purchased a new stake in shares of Xponential Fitness in the second quarter valued at $3,915,000. Nut Tree Capital Management LP increased its stake in Xponential Fitness by 74.3% in the 1st quarter. Nut Tree Capital Management LP now owns 250,000 shares of the company’s stock worth $4,135,000 after buying an additional 106,587 shares during the period. Algert Global LLC increased its stake in Xponential Fitness by 4.0% in the 2nd quarter. Algert Global LLC now owns 203,823 shares of the company’s stock worth $3,180,000 after buying an additional 7,825 shares during the period. Finally, Hiddenite Capital Partners LP bought a new position in Xponential Fitness during the 2nd quarter worth about $2,730,000. Institutional investors 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.