Stifel Nicolaus Forecasts Strong Price Appreciation for Xponential Fitness (NYSE:XPOF) Stock

Xponential Fitness (NYSE:XPOF - Free Report) had its target price upped by Stifel Nicolaus from $18.00 to $20.00 in a report released on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on XPOF. B. Riley boosted their price target on Xponential Fitness from $9.00 to $12.00 and gave the company a "neutral" rating in a report on Monday, August 5th. Piper Sandler reduced their price objective on shares of Xponential Fitness from $13.00 to $12.00 and set a "neutral" rating on the stock in a research report on Friday. Robert W. Baird cut their target price on shares of Xponential Fitness from $16.00 to $15.00 and set a "neutral" rating on the stock in a research note on Friday, August 2nd. Raymond James decreased their price target 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. Finally, Roth Mkm cut their price objective on Xponential Fitness from $22.00 to $19.00 and set a "buy" rating on the stock in a research report on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $17.17.

Xponential Fitness Stock Performance

NYSE:XPOF traded down $0.59 during midday trading on Monday, reaching $15.81. 595,774 shares of the stock traded hands, compared to its average volume of 674,631. The stock has a market capitalization of $761.65 million, a P/E ratio of -13.63 and a beta of 1.18. Xponential Fitness has a 12 month low of $7.40 and a 12 month high of $18.95. The company has a fifty day moving average of $12.78 and a 200 day moving average of $13.25.

Insiders Place Their Bets

In related news, insider Andrew Hagopian sold 26,740 shares of the company'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 completion of the transaction, the insider now owns 255,764 shares in the company, valued at approximately $3,115,205.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, President Sarah Luna sold 14,400 shares of the company's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $13.85, for a total transaction of $199,440.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Andrew Hagopian sold 26,740 shares of Xponential Fitness 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 completion of the transaction, the insider now directly owns 255,764 shares of the company's stock, valued at $3,115,205.52. The trade was 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 Investors Weigh In On Xponential Fitness

Large investors have recently added to or reduced their stakes in the stock. Kent Lake Capital LLC boosted its holdings in shares of 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 purchasing an additional 647,743 shares during the period. Nut Tree Capital Management LP grew its stake in Xponential Fitness by 74.3% in the 1st quarter. Nut Tree Capital Management LP now owns 250,000 shares of the company's stock worth $4,135,000 after acquiring an additional 106,587 shares in the last quarter. Dnca Finance purchased a new position in shares of Xponential Fitness during the second quarter worth approximately $107,000. Bank of New York Mellon Corp raised its stake in shares of Xponential Fitness by 12.4% during the second quarter. Bank of New York Mellon Corp now owns 82,419 shares of the company's stock valued at $1,286,000 after acquiring an additional 9,079 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Xponential Fitness by 13.1% during the second quarter. Principal Financial Group Inc. now owns 19,021 shares of the company's stock valued at $297,000 after acquiring an additional 2,203 shares in the last quarter. 58.55% of the stock is owned by 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.