Xponential Fitness (NYSE:XPOF) Shares Down 6.9% - Time to Sell?

Xponential Fitness, Inc. (NYSE:XPOF - Get Free Report) shares were down 6.9% during mid-day trading on Thursday . The company traded as low as $12.20 and last traded at $12.23. Approximately 75,408 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 674,297 shares. The stock had previously closed at $13.13.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on XPOF shares. Raymond James lowered their target price on 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. Piper Sandler reissued a "neutral" rating and issued a $13.00 target price (down previously from $14.00) on shares of Xponential Fitness in a research note on Friday, August 2nd. B. Riley boosted their target price on Xponential Fitness from $9.00 to $12.00 and gave the company a "neutral" rating in a research note on Monday, August 5th. Roth Mkm lowered their target price on Xponential Fitness from $22.00 to $19.00 and set a "buy" rating for the company in a research note on Friday, August 2nd. Finally, Robert W. Baird lowered their target price on Xponential Fitness from $16.00 to $15.00 and set a "neutral" rating for the company in a research note on Friday, August 2nd. Four investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.28.

Xponential Fitness Stock Performance

The stock has a market cap of $592.49 million, a P/E ratio of -12.79 and a beta of 1.18. The firm has a 50-day moving average price of $12.94 and a 200-day moving average price of $13.32.

Xponential Fitness (NYSE:XPOF - Get Free Report) last announced its earnings results on Thursday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.22). The firm had revenue of $76.50 million during the quarter, compared to the consensus estimate 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 was down 1.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.07 EPS. On average, research analysts predict that Xponential Fitness, Inc. will post 0.79 earnings per share for the current year.

Insider Buying and Selling

In related news, President Sarah Luna sold 14,400 shares of the company's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $13.85, for a total value of $199,440.00. Following the sale, the president now owns 290,297 shares in the company, valued at $4,020,613.45. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Xponential Fitness news, insider Andrew Hagopian sold 26,740 shares of the stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $12.18, for a total transaction of $325,693.20. Following the sale, the insider now directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Sarah Luna sold 14,400 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $13.85, for a total value of $199,440.00. Following the sale, the president now owns 290,297 shares in the company, valued at approximately $4,020,613.45. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 47.83% of the stock is currently owned by company insiders.

Institutional Trading of Xponential Fitness

Institutional investors have recently added to or reduced their stakes in the business. nVerses Capital LLC purchased a new stake in Xponential Fitness during the 2nd quarter valued at $34,000. Quarry LP boosted its stake in Xponential Fitness by 80.4% during the 2nd quarter. Quarry LP now owns 3,692 shares of the company's stock valued at $58,000 after purchasing an additional 1,646 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Xponential Fitness in the 2nd quarter worth $72,000. Dnca Finance purchased a new position in shares of Xponential Fitness in the 2nd quarter worth $107,000. Finally, SG Americas Securities LLC purchased a new position in shares of Xponential Fitness in the 3rd quarter worth $107,000. 58.55% of the stock is currently 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.