Xponential Fitness (NYSE:XPOF) Trading Up 8% – Time to Buy?

Xponential Fitness, Inc. (NYSE:XPOF) shares traded up 8% during trading on Wednesday . The stock traded as high as $12.70 and last traded at $12.44. 77,189 shares were traded during mid-day trading, a decline of 87% from the average session volume of 579,071 shares. The stock had previously closed at $11.52.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Northland Securities began coverage on shares of Xponential Fitness in a research report on Thursday, January 23rd. They set a “market perform” rating and a $17.50 price target for the company. Northland Capmk upgraded shares of Xponential Fitness to a “hold” rating in a research report on Thursday, January 23rd. Finally, Piper Sandler raised their price objective on shares of Xponential Fitness from $12.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, January 6th. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.22.

Xponential Fitness Trading Up 3.9 %

The stock has a market capitalization of $578.09 million, a price-to-earnings ratio of -10.36 and a beta of 1.38. The business has a 50 day simple moving average of $15.46 and a 200-day simple moving average of $14.22.

Hedge Funds Weigh In On Xponential Fitness

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Xponential Fitness in the 4th quarter worth $29,000. Point72 Asset Management L.P. acquired a new stake in Xponential Fitness in the fourth quarter valued at approximately $46,000. AlphaQuest LLC lifted its position in shares of Xponential Fitness by 335.9% during the fourth quarter. AlphaQuest LLC now owns 4,843 shares of the company’s stock worth $65,000 after purchasing an additional 3,732 shares in the last quarter. Financial Management Professionals Inc. boosted its stake in shares of Xponential Fitness by 117.6% in the fourth quarter. Financial Management Professionals Inc. now owns 5,021 shares of the company’s stock valued at $68,000 after purchasing an additional 2,714 shares during the period. Finally, Asset Planning Inc purchased a new stake in Xponential Fitness during the 4th quarter worth $71,000. Institutional investors and hedge funds own 58.55% of the company’s stock.

About Xponential Fitness

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.