Xponential Fitness (NYSE:XPOF) Trading Up 8.5%

Xponential Fitness, Inc. (NYSE:XPOFGet Free Report)’s stock price shot up 8.5% during trading on Friday . The stock traded as high as $11.54 and last traded at $11.50. 113,533 shares changed hands during trading, a decline of 76% from the average session volume of 477,018 shares. The stock had previously closed at $10.60.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on XPOF. Stifel Nicolaus upgraded shares of Xponential Fitness from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Wednesday, December 13th. Raymond James decreased their target price on shares of Xponential Fitness from $40.00 to $31.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, November 8th. Guggenheim decreased their target price on shares of Xponential Fitness from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. Bank of America lowered shares of Xponential Fitness from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $35.00 to $16.00 in a research report on Wednesday, November 1st. Finally, Piper Sandler reiterated a “neutral” rating and set a $13.00 price target (down previously from $21.00) on shares of Xponential Fitness in a research report on Wednesday, January 3rd. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Xponential Fitness currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.11.

Check Out Our Latest Report on Xponential Fitness

Xponential Fitness Price Performance

The company’s 50 day moving average is $11.70 and its 200 day moving average is $15.22.

Hedge Funds Weigh In On Xponential Fitness

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. lifted its stake in Xponential Fitness by 133.2% in the 2nd quarter. Macquarie Group Ltd. now owns 2,696 shares of the company’s stock valued at $34,000 after purchasing an additional 1,540 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Xponential Fitness during the second quarter valued at $34,000. Ameritas Investment Partners Inc. raised its stake in shares of Xponential Fitness by 50.1% during the second quarter. Ameritas Investment Partners Inc. now owns 2,041 shares of the company’s stock valued at $35,000 after acquiring an additional 681 shares during the last quarter. Quarry LP bought a new position in shares of Xponential Fitness during the second quarter valued at $38,000. Finally, Royal Bank of Canada raised its stake in shares of Xponential Fitness by 48.8% during the second quarter. Royal Bank of Canada now owns 2,906 shares of the company’s stock valued at $50,000 after acquiring an additional 953 shares during the last quarter. Institutional investors own 52.97% of the company’s stock.

About Xponential Fitness

(Get Free Report)

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.

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