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

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on XPOF shares. Piper Sandler dropped their price objective on Xponential Fitness from $13.00 to $12.00 and set a "neutral" rating on the stock in a research note on Friday, November 8th. Stifel Nicolaus boosted their price objective 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 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 stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $17.17.

Xponential Fitness Stock Down 6.4 %

The company's fifty day moving average price is $14.13 and its 200 day moving average price is $14.23. The company has a market capitalization of $625.52 million, a P/E ratio of -11.16 and a beta of 1.26.

Insiders Place Their Bets

In other news, insider Andrew Hagopian sold 26,740 shares of the business's 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 owns 255,764 shares of the company's stock, valued at approximately $3,115,205.52. The trade was a 9.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark Grabowski sold 2,595,598 shares of Xponential Fitness stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $15.35, for a total value of $39,842,429.30. Following the completion of the transaction, the director now owns 30,546 shares in the company, valued at approximately $468,881.10. This represents 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 Trading of Xponential Fitness

A number of hedge funds have recently made changes to their positions in XPOF. Bank of New York Mellon Corp lifted its holdings in Xponential Fitness by 12.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 82,419 shares of the company's stock worth $1,286,000 after buying an additional 9,079 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Xponential Fitness by 13.1% in 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. nVerses Capital LLC acquired a new position in shares of Xponential Fitness during the second quarter valued at about $34,000. Verus Capital Partners LLC grew its holdings in Xponential Fitness by 15.4% during the second quarter. Verus Capital Partners LLC now owns 76,629 shares of the company's stock worth $1,195,000 after buying an additional 10,215 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new position in Xponential Fitness during the 2nd quarter valued at $227,000. 58.55% of the stock is owned by institutional investors and hedge funds.

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.