Xponential Fitness (NYSE:XPOF) Shares Gap Down – Time to Sell?

Shares of Xponential Fitness, Inc. (NYSE:XPOF) gapped down prior to trading on Thursday . The stock had previously closed at $15.35, but opened at $14.45. Xponential Fitness shares last traded at $14.49, with a volume of 249,203 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus upped their target price on shares of Xponential Fitness from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, November 11th. Robert W. Baird lowered their price target on shares of Xponential Fitness from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. B. Riley increased their price target on shares of Xponential Fitness from $9.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Piper Sandler lowered their price target on shares of Xponential Fitness from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Finally, Roth Mkm lowered their price target on shares of Xponential Fitness from $22.00 to $19.00 and set a “buy” rating on the stock in a 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.17.

Xponential Fitness Trading Down 8.9 %

The firm has a market cap of $673.90 million, a price-to-earnings ratio of -12.02 and a beta of 1.18. The company’s 50-day moving average is $13.12 and its 200-day moving average is $13.37.

Insider Buying and Selling

In other Xponential Fitness news, President Sarah Luna sold 14,400 shares of the firm’s stock in a transaction that occurred 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 $4,020,613.45. This trade represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 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 transaction of $325,693.20. Following the completion of the sale, the insider now owns 255,764 shares in the company, valued at $3,115,205.52. This represents a 9.47 % decrease in their position. The disclosure for this sale can be found here. 47.83% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Xponential Fitness

Several large investors have recently modified their holdings of the business. Wasatch Advisors LP raised its stake in shares of Xponential Fitness by 96.2% during the third quarter. Wasatch Advisors LP now owns 1,152,972 shares of the company’s stock valued at $14,297,000 after acquiring an additional 565,451 shares during the last quarter. Kent Lake Capital LLC raised its stake in Xponential Fitness by 276.0% during the first 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 last quarter. Verition Fund Management LLC raised its stake in Xponential Fitness by 276.5% during the third quarter. Verition Fund Management LLC now owns 692,729 shares of the company’s stock worth $8,590,000 after buying an additional 508,715 shares during the last quarter. State Street Corp raised its stake in Xponential Fitness by 0.4% during the third quarter. State Street Corp now owns 541,092 shares of the company’s stock worth $6,710,000 after buying an additional 1,977 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Xponential Fitness by 0.7% during the third quarter. Geode Capital Management LLC now owns 538,436 shares of the company’s stock worth $6,678,000 after buying an additional 3,658 shares during the last quarter. Institutional investors own 58.55% of the company’s stock.

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.