Xponential Fitness (NYSE:XPOF) Stock Price Down 5.4% - Here's Why

Xponential Fitness, Inc. (NYSE:XPOF - Get Free Report)'s share price was down 5.4% during trading on Tuesday . The stock traded as low as $11.88 and last traded at $11.93. Approximately 272,360 shares changed hands during trading, a decline of 59% from the average daily volume of 660,088 shares. The stock had previously closed at $12.61.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on XPOF shares. B. Riley increased 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. Piper Sandler reissued a "neutral" rating and set a $13.00 price target (down from $14.00) on shares of Xponential Fitness in a report on Friday, August 2nd. Robert W. Baird lowered their target price on Xponential Fitness from $16.00 to $15.00 and set a "neutral" rating on the stock in a report on Friday, August 2nd. Roth Mkm decreased their price target on Xponential Fitness from $22.00 to $19.00 and set a "buy" rating for the company in a research report on Friday, August 2nd. Finally, Raymond James decreased their price target on Xponential Fitness from $30.00 to $20.00 and set a "strong-buy" rating for the company in a research report on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $17.28.

Xponential Fitness Stock Down 5.6 %

The firm has a fifty day moving average of $12.70 and a 200-day moving average of $13.21. The firm has a market cap of $573.22 million, a P/E ratio of -12.15 and a beta of 1.18.

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 stock was sold at an average price of $13.85, for a total value of $199,440.00. Following the transaction, the president now owns 290,297 shares of the company's stock, valued at approximately $4,020,613.45. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, President Sarah Luna sold 14,400 shares of Xponential Fitness 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 of the company's stock, valued at approximately $4,020,613.45. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Andrew Hagopian sold 26,740 shares of the firm's 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 completion of the transaction, the insider now owns 255,764 shares of the company's stock, valued at approximately $3,115,205.52. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 47.83% of the company's stock.

Institutional Trading of Xponential Fitness

Several hedge funds have recently added to or reduced their stakes in XPOF. Principal Financial Group Inc. bought a new stake in Xponential Fitness during the 1st quarter worth $278,000. Kent Lake Capital LLC raised its stake in Xponential Fitness by 276.0% during the 1st quarter. Kent Lake Capital LLC now owns 882,443 shares of the company's stock worth $14,596,000 after buying an additional 647,743 shares during the period. Nut Tree Capital Management LP raised its stake in Xponential Fitness by 74.3% during the 1st quarter. Nut Tree Capital Management LP now owns 250,000 shares of the company's stock worth $4,135,000 after buying an additional 106,587 shares during the period. Dnca Finance purchased a new stake in shares of Xponential Fitness in the second quarter worth approximately $107,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Xponential Fitness by 12.4% in the second quarter. Bank of New York Mellon Corp now owns 82,419 shares of the company's stock worth $1,286,000 after purchasing an additional 9,079 shares during the last quarter. 58.55% of the stock is owned by institutional investors and hedge funds.

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.

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