Xponential Fitness (NYSE:XPOF) Trading Down 6.9% – What’s Next?

Xponential Fitness, Inc. (NYSE:XPOF)’s share price fell 6.9% during mid-day trading on Thursday . The company traded as low as $12.20 and last traded at $12.23. 75,408 shares were traded during trading, a decline of 89% from the average session volume of 674,297 shares. The stock had previously closed at $13.13.

Wall Street Analyst Weigh In

A number of research firms have issued reports on XPOF. 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 report on Friday, August 2nd. Roth Mkm cut 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. Raymond James cut their target price on shares of Xponential Fitness from $30.00 to $20.00 and set a “strong-buy” rating on the stock in a research report on Friday, August 2nd. Piper Sandler reaffirmed a “neutral” rating and issued a $13.00 price target (down from $14.00) on shares of Xponential Fitness in a research note on Friday, August 2nd. Finally, B. Riley upped their price target on Xponential Fitness from $9.00 to $12.00 and gave the company a “neutral” rating in a research note 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.28.

Xponential Fitness Trading Up 1.4 %

The business has a 50 day moving average of $12.89 and a 200-day moving average of $13.30. The firm has a market capitalization of $599.46 million, a P/E ratio of -21.88 and a beta of 1.18.

Xponential Fitness (NYSE:XPOF) last posted its earnings results on Thursday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.22). Xponential Fitness had a negative return on equity of 9.35% and a negative net margin of 6.51%. The business had revenue of $76.50 million for the quarter, compared to the consensus estimate of $83.63 million. During the same period in the previous year, the company posted $0.07 earnings per share. Xponential Fitness’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, analysts anticipate that Xponential Fitness, Inc. will post 0.79 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Andrew Hagopian sold 26,740 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 255,764 shares of the company’s stock, valued at approximately $3,115,205.52. This 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 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 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Sarah Luna sold 14,400 shares of the firm’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 transaction of $199,440.00. Following the transaction, the president now directly 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 disclosure for this sale can be found here. 47.83% of the stock is owned by company insiders.

Hedge Funds Weigh In On Xponential Fitness

Several hedge funds have recently made changes to their positions in the business. Quarry LP grew its stake 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 acquiring an additional 1,646 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Xponential Fitness in the 2nd quarter valued at approximately $34,000. Principal Financial Group Inc. boosted 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 valued at $297,000 after buying an additional 2,203 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Xponential Fitness in the 2nd quarter valued at approximately $72,000. Finally, Chicago Capital LLC boosted its holdings in shares of Xponential Fitness by 15.0% in the 2nd quarter. Chicago Capital LLC now owns 48,591 shares of the company’s stock valued at $758,000 after buying an additional 6,324 shares during the last quarter. 58.55% of the stock is owned by institutional investors.

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.