Xponential Fitness, Inc. (NYSE:XPOF) Short Interest Down 16.3% in November

Xponential Fitness, Inc. (NYSE:XPOF) was the recipient of a large decline in short interest in November. As of November 30th, there was short interest totalling 3,280,000 shares, a decline of 16.3% from the November 15th total of 3,920,000 shares. Based on an average daily volume of 440,200 shares, the days-to-cover ratio is currently 7.5 days. Currently, 13.4% of the company’s stock are sold short.

Insider Buying and Selling

In other news, Director Mark Grabowski sold 2,595,598 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $15.35, for a total transaction of $39,842,429.30. Following the completion of the transaction, the director now directly owns 30,546 shares of the company’s stock, valued at approximately $468,881.10. The trade was a 98.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Andrew Hagopian sold 26,740 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The stock was 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 $3,115,205.52. The trade was a 9.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 47.83% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Xponential Fitness

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SkyView Investment Advisors LLC grew its position in shares of Xponential Fitness by 23.3% during the third quarter. SkyView Investment Advisors LLC now owns 18,500 shares of the company’s stock worth $229,000 after acquiring an additional 3,500 shares during the last quarter. Barclays PLC increased its stake in Xponential Fitness by 366.5% in the third quarter. Barclays PLC now owns 39,621 shares of the company’s stock valued at $491,000 after purchasing an additional 31,127 shares during the period. Geode Capital Management LLC increased its stake in Xponential Fitness by 0.7% in the third quarter. Geode Capital Management LLC now owns 538,436 shares of the company’s stock valued at $6,678,000 after purchasing an additional 3,658 shares during the period. ABS Direct Equity Fund LLC raised its holdings in shares of Xponential Fitness by 5.9% in the third quarter. ABS Direct Equity Fund LLC now owns 180,000 shares of the company’s stock valued at $2,232,000 after buying an additional 10,000 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Xponential Fitness by 0.4% during the third quarter. State Street Corp now owns 541,092 shares of the company’s stock worth $6,710,000 after buying an additional 1,977 shares during the last quarter. Hedge funds and other institutional investors own 58.55% of the company’s stock.

Analysts Set New Price Targets

XPOF has been the subject of a number of analyst reports. Stifel Nicolaus increased their target price on Xponential Fitness from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, November 11th. Piper Sandler lowered their price objective on Xponential Fitness from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $17.17.

Xponential Fitness Stock Performance

XPOF opened at $15.13 on Monday. The stock has a market capitalization of $730.78 million, a P/E ratio of -13.04 and a beta of 1.26. Xponential Fitness has a one year low of $7.40 and a one year high of $18.95. The business’s 50-day simple moving average is $13.91 and its 200-day simple moving average is $14.05.

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.