Xponential Fitness jumps after SEC investigation concludes sans action

Xponential Fitness

03/07/2025 11:33

** Shares of boutique fitness franchiser Xponential Fitness XPOF.N up ~19% at $8.86 premarket

** The U.S. securities regulator informed Xponential that an investigation into the company was concluded without action on July 1

** The company made the disclosure through a filing, after market close on Wednesday

** In December 2023, the Securities and Exchange Commission had sought certain documents from the company

** Brokerage Jefferies sees investor sentiment improving and stock's valuation rising towards peer levels as co executes its growth plans, now that the uncertainty regarding the SEC probe is cleared and co has a renewed strategic focus under new leadership

** Average rating of nine analysts is "buy"; with a median PT of $13- data compiled by LSEG

** Up to last close, stock has fallen ~45% YTD

 (Reporting by Neil J Kanatt in Bengaluru)

 ((Neil.JKanatt@thomsonreuters.com;))