Xponential Fitness (NYSE:XPOF) Stock Price Down 4.6% – Should You Sell?

Shares of Xponential Fitness, Inc. (NYSE:XPOF) traded down 4.6% during trading on Monday . The stock traded as low as $13.14 and last traded at $13.20. 26,847 shares traded hands during trading, a decline of 96% from the average session volume of 650,623 shares. The stock had previously closed at $13.83.

Analysts Set New Price Targets

Several research analysts recently weighed in on XPOF shares. Piper Sandler lowered their price objective on Xponential Fitness from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Stifel Nicolaus increased their target price on shares of Xponential Fitness from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.17.

Xponential Fitness Stock Performance

The stock has a market capitalization of $631.32 million, a PE ratio of -11.27 and a beta of 1.26. The firm’s 50 day moving average is $14.17 and its two-hundred day moving average is $14.26.

Insider Transactions at Xponential Fitness

In related news, insider Andrew Hagopian sold 26,740 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $12.18, for a total value of $325,693.20. Following the completion of the transaction, the insider now directly owns 255,764 shares of the company’s stock, valued at $3,115,205.52. This represents a 9.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark Grabowski sold 2,595,598 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $15.35, for a total transaction of $39,842,429.30. Following the sale, the director now directly owns 30,546 shares in the company, valued at approximately $468,881.10. The trade was a 98.84 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 47.83% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Rockefeller Capital Management L.P. purchased a new stake in shares of Xponential Fitness during the third quarter worth approximately $3,171,000. JCP Investment Management LLC purchased a new stake in shares of Xponential Fitness in the second quarter valued at $3,915,000. Mutual of America Capital Management LLC purchased a new stake in shares of Xponential Fitness during the 3rd quarter valued at $1,015,000. Wasatch Advisors LP increased its position in Xponential Fitness by 96.2% during the 3rd quarter. Wasatch Advisors LP now owns 1,152,972 shares of the company’s stock worth $14,297,000 after purchasing an additional 565,451 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of Xponential Fitness during the 2nd quarter valued at $1,076,000. 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.