Xponential Fitness (NYSE:XPOF) Stock Price Down 5.4% – Here’s What Happened

Shares of Xponential Fitness, Inc. (NYSE:XPOF) fell 5.4% during mid-day trading on Tuesday . The stock traded as low as $11.88 and last traded at $11.93. 272,360 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 660,088 shares. The stock had previously closed at $12.61.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on XPOF. Piper Sandler reaffirmed a “neutral” rating and issued a $13.00 target price (down from $14.00) on shares of Xponential Fitness in a report on Friday, August 2nd. B. Riley increased their price objective on Xponential Fitness from $9.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Roth Mkm cut their price target on Xponential Fitness from $22.00 to $19.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Robert W. Baird lowered their price target on Xponential Fitness from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Finally, Raymond James cut their target price on Xponential Fitness from $30.00 to $20.00 and set a “strong-buy” rating on the stock in a research note on Friday, August 2nd. Four research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $17.28.

Xponential Fitness Trading Down 5.6 %

The company has a market capitalization of $573.22 million, a PE ratio of -12.15 and a beta of 1.18. The business’s fifty day moving average is $12.70 and its two-hundred day moving average is $13.21.

Insider Buying and Selling at Xponential Fitness

In other Xponential Fitness news, President Sarah Luna sold 14,400 shares of the stock in a transaction dated Friday, September 13th. The shares were 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 owns 290,297 shares of the company’s stock, valued at $4,020,613.45. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Andrew Hagopian sold 26,740 shares of the 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 sale, the insider now directly owns 255,764 shares of the company’s stock, valued at $3,115,205.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Sarah Luna sold 14,400 shares of the 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 sale, the president now directly owns 290,297 shares in the company, valued at $4,020,613.45. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 47.83% of the company’s stock.

Institutional Trading of Xponential Fitness

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XPOF. Kent Lake Capital LLC grew its stake in Xponential Fitness by 276.0% in the 1st quarter. Kent Lake Capital LLC now owns 882,443 shares of the company’s stock worth $14,596,000 after acquiring an additional 647,743 shares in the last quarter. JCP Investment Management LLC bought a new position in Xponential Fitness in the 2nd quarter worth about $3,915,000. Hiddenite Capital Partners LP bought a new position in Xponential Fitness in the 2nd quarter worth about $2,730,000. Nut Tree Capital Management LP boosted its stake in shares of Xponential Fitness by 74.3% during the first quarter. Nut Tree Capital Management LP now owns 250,000 shares of the company’s stock valued at $4,135,000 after purchasing an additional 106,587 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in Xponential Fitness by 684.4% during the second quarter. AQR Capital Management LLC now owns 109,963 shares of the company’s stock valued at $1,715,000 after buying an additional 95,945 shares during the period. 58.55% of the stock is owned by hedge funds and other institutional investors.

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.