Xponential Fitness (NYSE:XPOF) Trading Up 6.6% - Time to Buy?

Xponential Fitness, Inc. (NYSE:XPOF - Get Free Report) shares rose 6.6% on Friday . The stock traded as high as $12.93 and last traded at $12.88. Approximately 52,194 shares changed hands during trading, a decline of 92% from the average daily volume of 682,192 shares. The stock had previously closed at $12.08.

Analysts Set New Price Targets

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

Xponential Fitness Price Performance

The firm has a market capitalization of $615.80 million, a PE ratio of -22.47 and a beta of 1.18. The company has a fifty day moving average of $12.98 and a 200-day moving average of $13.37.

Xponential Fitness (NYSE:XPOF - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.22). The firm had revenue of $76.50 million for the quarter, compared to analysts' expectations of $83.63 million. Xponential Fitness had a negative return on equity of 9.35% and a negative net margin of 6.51%. The firm's revenue for the quarter was down 1.0% on a year-over-year basis. During the same period last year, the business earned $0.07 earnings per share. Equities analysts anticipate that Xponential Fitness, Inc. will post 0.79 EPS for the current year.

Insiders Place Their Bets

In other news, insider Andrew Hagopian sold 26,740 shares of the firm's stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $12.18, for a total transaction of $325,693.20. Following the transaction, the insider now owns 255,764 shares in the company, valued at approximately $3,115,205.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Andrew Hagopian sold 26,740 shares of Xponential Fitness stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $12.18, for a total value of $325,693.20. Following the transaction, the insider now owns 255,764 shares of the company's stock, valued at $3,115,205.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Sarah Luna sold 14,400 shares of the business's stock in a transaction on Friday, September 13th. The stock was sold at an average price of $13.85, for a total transaction of $199,440.00. Following the transaction, the president now directly owns 290,297 shares of the company's stock, valued at approximately $4,020,613.45. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 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. Quarry LP increased its holdings in shares of Xponential Fitness by 80.4% during the 2nd quarter. Quarry LP now owns 3,692 shares of the company's stock worth $58,000 after purchasing an additional 1,646 shares during the period. nVerses Capital LLC bought a new stake in shares of Xponential Fitness in the 2nd quarter worth approximately $34,000. Principal Financial Group Inc. grew its holdings in shares of Xponential Fitness by 13.1% during the 2nd quarter. Principal Financial Group Inc. now owns 19,021 shares of the company's stock worth $297,000 after purchasing an additional 2,203 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Xponential Fitness during the second quarter valued at approximately $72,000. Finally, Chicago Capital LLC raised its stake in shares of Xponential Fitness by 15.0% in the second quarter. Chicago Capital LLC now owns 48,591 shares of the company's stock valued at $758,000 after purchasing an additional 6,324 shares in the last quarter. Institutional investors and hedge funds own 58.55% of the company's stock.

About Xponential Fitness

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.