Verition Fund Management LLC Boosts Stake in Xponential Fitness, Inc. (NYSE:XPOF)

Verition Fund Management LLC lifted its holdings in Xponential Fitness, Inc. (NYSE:XPOF) by 276.5% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 692,729 shares of the company’s stock after buying an additional 508,715 shares during the period. Verition Fund Management LLC owned approximately 1.44% of Xponential Fitness worth $8,590,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. nVerses Capital LLC purchased a new position in Xponential Fitness in the second quarter worth $34,000. Quarry LP grew its position in Xponential Fitness by 80.4% during the second quarter. Quarry LP now owns 3,692 shares of the company’s stock valued at $58,000 after buying an additional 1,646 shares during the period. Canada Pension Plan Investment Board purchased a new stake in Xponential Fitness during the second quarter worth about $72,000. Dnca Finance bought a new stake in Xponential Fitness in the second quarter worth about $107,000. Finally, SG Americas Securities LLC purchased a new position in Xponential Fitness in the third quarter valued at about $107,000. 58.55% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on XPOF. Piper Sandler lowered their price target on shares of Xponential Fitness from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Stifel Nicolaus boosted their target price on Xponential Fitness from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, B. Riley increased their price target on Xponential Fitness from $9.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.17.

Xponential Fitness Price Performance

Shares of XPOF opened at $15.24 on Monday. Xponential Fitness, Inc. has a 52-week low of $7.40 and a 52-week high of $18.95. The stock’s 50-day simple moving average is $13.35 and its 200 day simple moving average is $13.59.

Insider Transactions at Xponential Fitness

In related news, President Sarah Luna sold 14,400 shares of the business’s stock in a transaction dated 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 directly owns 290,297 shares in the company, valued at $4,020,613.45. The trade was a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Andrew Hagopian sold 26,740 shares of the firm’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $12.18, for a total value of $325,693.20. Following the completion of the sale, the insider now directly owns 255,764 shares in the company, valued at approximately $3,115,205.52. The trade was a 9.47 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,636,738 shares of company stock valued at $40,367,563. 47.83% of the stock is currently owned by corporate insiders.

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.