Xponential Fitness Sees Unusually Large Options Volume (NYSE:XPOF)

Xponential Fitness, Inc. (NYSE:XPOF) saw some unusual options trading activity on Wednesday. Investors purchased 10,434 call options on the stock. This is an increase of 1,308% compared to the typical volume of 741 call options.

Xponential Fitness Price Performance

Shares of XPOF stock opened at $12.09 on Thursday. Xponential Fitness has a 12 month low of $7.40 and a 12 month high of $18.95. The firm has a market capitalization of $584.18 million, a P/E ratio of -10.43 and a beta of 1.38. The company’s fifty day moving average price is $15.43 and its two-hundred day moving average price is $14.21.

Hedge Funds Weigh In On Xponential Fitness

A number of institutional investors have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in Xponential Fitness in the 4th quarter worth $29,000. Point72 Asset Management L.P. acquired a new position in Xponential Fitness in the 4th quarter worth $46,000. Prospect Capital Advisors LLC acquired a new stake in shares of Xponential Fitness in the 4th quarter valued at about $2,590,000. Nomura Holdings Inc. bought a new position in shares of Xponential Fitness during the fourth quarter worth about $794,000. Finally, Deutsche Bank AG grew its stake in Xponential Fitness by 3.0% in the fourth quarter. Deutsche Bank AG now owns 287,892 shares of the company’s stock worth $3,872,000 after purchasing an additional 8,267 shares in the last quarter. Institutional investors and hedge funds own 58.55% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on XPOF shares. Northland Capmk raised shares of Xponential Fitness to a “hold” rating in a research note on Thursday, January 23rd. Piper Sandler boosted their price objective on shares of Xponential Fitness from $12.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, January 6th. Finally, Northland Securities started coverage on shares of Xponential Fitness in a research note on Thursday, January 23rd. They set a “market perform” rating and a $17.50 price objective for the company. Six research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.22.

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.