Investors Buy Large Volume of Call Options on Xponential Fitness (NYSE:XPOF)

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Xponential Fitness Inc (NYSE:XPOF) was the target of unusually large options trading activity on Tuesday. Stock investors bought 11,317 call options on the company. This represents an increase of 1,260% compared to the average volume of 832 call options.

Several research firms have recently weighed in on XPOF. Raymond James boosted their price objective on shares of Xponential Fitness from $14.00 to $28.00 and gave the stock a “strong-buy” rating in a research note on Friday, November 12th. Guggenheim began coverage on shares of Xponential Fitness in a research note on Tuesday, August 17th. They set a “buy” rating on the stock. Piper Sandler boosted their price objective on shares of Xponential Fitness from $20.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, November 12th. Morgan Stanley boosted their price objective on shares of Xponential Fitness from $21.00 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, November 12th. Finally, Roth Capital started coverage on shares of Xponential Fitness in a report on Tuesday, November 16th. They set a “buy” rating and a $29.00 target price for the company. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Xponential Fitness has an average rating of “Buy” and a consensus target price of $22.83.

Shares of XPOF stock opened at $24.18 on Thursday. The company has a quick ratio of 0.86, a current ratio of 0.95 and a debt-to-equity ratio of 80.16. The business’s 50-day moving average is $17.33. Xponential Fitness has a 52 week low of $9.87 and a 52 week high of $24.73.

Xponential Fitness (NYSE:XPOF) last posted its quarterly earnings data on Thursday, November 11th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.12). The business had revenue of $40.87 million for the quarter, compared to analysts’ expectations of $34.25 million. On average, research analysts forecast that Xponential Fitness will post -1.07 EPS for the current year.

In other Xponential Fitness news, CEO Anthony Geisler purchased 18,501 shares of the stock in a transaction on Tuesday, September 14th. The shares were purchased at an average cost of $10.86 per share, for a total transaction of $200,920.86. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO John P. Meloun purchased 9,975 shares of the stock in a transaction on Friday, September 10th. The stock was acquired at an average price of $10.99 per share, for a total transaction of $109,625.25. Following the completion of the purchase, the chief financial officer now directly owns 79,689 shares in the company, valued at approximately $875,782.11. The disclosure for this purchase can be found here.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Strs Ohio bought a new stake in Xponential Fitness in the 3rd quarter valued at about $26,000. California State Teachers Retirement System bought a new stake in shares of Xponential Fitness during the 3rd quarter worth approximately $64,000. American International Group Inc. bought a new stake in shares of Xponential Fitness during the 3rd quarter worth approximately $64,000. Deutsche Bank AG bought a new stake in shares of Xponential Fitness during the 3rd quarter worth approximately $68,000. Finally, Morgan Stanley bought a new stake in shares of Xponential Fitness during the 3rd quarter worth approximately $91,000. 85.95% of the stock is owned by hedge funds and other institutional investors.

Xponential Fitness Company Profile

Xponential Fitness Inc is a curator of boutique fitness brands across multiple verticals. The company built and curated a diversified platform of boutique fitness brands spanning across verticals including Pilates, indoor cycling, barre, stretching, rowing, dancing, boxing, running and yoga. Its portfolio of brands includes Club Pilates, CycleBar, StretchLab, Row House, AKT, YogaSix and STRIDE.

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