Xponential Fitness (NYSE:XPOF) Given New $12.00 Price Target at Piper Sandler

Xponential Fitness (NYSE:XPOF) had its price objective cut by stock analysts at Piper Sandler from $13.00 to $12.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Piper Sandler’s price target would suggest a potential downside of 5.40% from the company’s current price.

Several other research analysts have also recently weighed in on the stock. Robert W. Baird reduced their price target on shares of Xponential Fitness from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. B. Riley increased their target price on Xponential Fitness from $9.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Roth Mkm cut their price target on Xponential Fitness from $22.00 to $19.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, Raymond James decreased their price objective on Xponential Fitness from $30.00 to $20.00 and set a “strong-buy” rating for the company in a report on Friday, August 2nd. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Xponential Fitness presently has an average rating of “Moderate Buy” and an average price target of $17.17.

Xponential Fitness Stock Up 2.5 %

Shares of NYSE XPOF opened at $12.69 on Friday. Xponential Fitness has a twelve month low of $7.40 and a twelve month high of $18.95. The company’s fifty day moving average is $12.65 and its 200-day moving average is $13.19. The stock has a market cap of $611.04 million, a price-to-earnings ratio of -13.35 and a beta of 1.18.

Insider Buying and Selling at Xponential Fitness

In other news, insider Andrew Hagopian sold 26,740 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 255,764 shares of the company’s stock, valued at approximately $3,115,205.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Xponential Fitness news, insider Andrew Hagopian sold 26,740 shares of the stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $12.18, for a total transaction of $325,693.20. Following the sale, the insider now directly owns 255,764 shares in the company, valued at $3,115,205.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Sarah Luna sold 14,400 shares of the 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 sale, the president now owns 290,297 shares in the company, valued at $4,020,613.45. This represents a 0.00 % decrease in their position. 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 and other institutional investors have recently made changes to their positions in XPOF. nVerses Capital LLC acquired a new stake in Xponential Fitness during the 2nd quarter worth about $34,000. Quarry LP increased its holdings in shares of Xponential Fitness by 80.4% during the second quarter. Quarry LP now owns 3,692 shares of the company’s stock valued at $58,000 after acquiring an additional 1,646 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Xponential Fitness during the second quarter worth approximately $72,000. Dnca Finance bought a new position in shares of Xponential Fitness in the 2nd quarter worth $107,000. Finally, SG Americas Securities LLC bought a new position in shares of Xponential Fitness in the third quarter valued at $107,000. 58.55% of the stock is currently 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.