Xponential Fitness Inc (NYSE: XPOF) was the target of unusually large options trading activity on Tuesday. Stock traders bought 11,317 call options on the company. This corresponds to an increase of 1,260% compared to the typical daily volume of 832 call options.
XPOF has been the subject of a number of research reports. Citigroup approved coverage of the shares of Xponential Fitness in a research release dated Tuesday, August 17th. They set a “Buy” rating and a target price of $ 14.50 for the company. Piper Sandler raised her target price for Xponential Fitness from USD 20.00 to USD 32.00 and rated the company as “overweight” in a research report on Friday, November 12th. Morgan Stanley raised its target price for Xponential Fitness from USD 21.00 to USD 23.00 and rated the stock as “overweight” in a research report on Friday, November 12th. Bank of America began reporting on Xponential Fitness in a report on Tuesday, August 17th. They set a “Buy” rating and a target price of $ 18.00 for the company. Eventually, Raymond James raised his target price on Xponential Fitness from $ 14.00 to $ 28.00 and gave the stock a “strong buy” in a report on Friday, November 12th. One stocks research analyst has rated the stock with a hold rating, eight with a buy rating, and one with a strong buy rating for the company’s stock. According to data from MarketBeat, Xponential Fitness currently has a consensus rating of “Buy” and a consensus price target of $ 22.83.
XPOF rose $ 1.44 on Tuesday to hit $ 23.09. The company had a trading volume of 392,346 shares compared to an average volume of 244,209 shares. The company has a debt of 80.16, a quick ratio of 0.86 and a current ratio of 0.95. The fifty-day simple moving average for the stock is $ 17.07. Xponential Fitness has a 1-year low of $ 9.87 and a 1-year high of $ 24.73.
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Xponential Fitness (NYSE: XPOF) last released its quarterly results on Thursday, November 11th. The company reported ($ 0.31) EPS for the quarter, missing Zacks’ consensus estimate of ($ 0.19) by ($ 0.12). The company had revenue of $ 40.87 million for the quarter, compared to the consensus estimate of $ 34.25 million. As a group, analysts expect Xponential Fitness to achieve earnings per share of -1.07 for the current fiscal year.
In related news, CEO Anthony Geisler acquired 18,501 shares in the company in a transaction on Tuesday, September 14th. The shares were acquired at an average price of $ 10.86 per share for a total transaction of $ 200,920.86. The transaction was announced in a legal filing with the SEC, which is available on the SEC website. In addition, CFO John P. Meloun purchased 9,975 shares in the company in a transaction dated Friday, September 10th. The stock was purchased at an average price of $ 10.99 per share for a total transaction of $ 109,625.25. Upon completion of the transaction, the CFO now owns 79,689 shares in the company valued at $ 875,782.11. The disclosure for this purchase can be found here.
A number of major investors recently changed their positions in the stock. Strs Ohio added a new position at Xponential Fitness for $ 26,000 in the third quarter. The California State Teachers Retirement System bought a new position in shares of Xponential Fitness valued at approximately $ 64,000 in the third quarter. American International Group Inc. made a new position in shares of Xponential Fitness valued at approximately $ 64,000 in the third quarter. Deutsche Bank AG acquired a new position in shares of Xponential Fitness valued at approximately $ 68,000 in the third quarter. Eventually, Morgan Stanley bought a new stake in Xponential Fitness stock valued at approximately $ 91,000 in the third quarter. Hedge funds and other institutional investors own 85.95% of the company’s shares.
About Xponential Fitness
Xponential Fitness Inc is the curator of boutique fitness brands across multiple industries. The company built and curated a diversified platform of boutique fitness brands spanning vertical areas such as Pilates, indoor cycling, barre, stretching, rowing, dancing, boxing, running, and yoga. The brand portfolio includes Club Pilates, CycleBar, StretchLab, Row House, AKT, YogaSix and STRIDE.
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