Xponential Fitness (NYSE:XPOF) Stock Price Down 4.6% – Here’s Why

Shares of Xponential Fitness, Inc. (NYSE:XPOF) were down 4.6% on Monday . The company traded as low as $13.14 and last traded at $13.20. Approximately 26,847 shares changed hands during trading, a decline of 96% from the average daily volume of 650,623 shares. The stock had previously closed at $13.83.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on XPOF shares. Piper Sandler lowered their target price on shares of Xponential Fitness from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Stifel Nicolaus lifted their price target on 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 company. According to data from MarketBeat.com, Xponential Fitness currently has a consensus rating of “Moderate Buy” and an average price target of $17.17.

Xponential Fitness Trading Up 0.9 %

The firm’s fifty day moving average is $14.17 and its 200 day moving average is $14.26. The stock has a market cap of $631.32 million, a P/E ratio of -11.27 and a beta of 1.26.

Insider Buying and Selling

In other news, insider Andrew Hagopian sold 26,740 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $12.18, for a total value of $325,693.20. Following the sale, the insider now directly owns 255,764 shares in the company, valued at approximately $3,115,205.52. This represents a 9.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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 transaction of $39,842,429.30. Following the transaction, the director now directly owns 30,546 shares of the company’s stock, valued at $468,881.10. This represents a 98.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 47.83% of the stock is owned by insiders.

Institutional Investors Weigh In On Xponential Fitness

A number of institutional investors and hedge funds have recently modified their holdings of XPOF. Wasatch Advisors LP grew its holdings in 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 purchasing an additional 565,451 shares during the period. Verition Fund Management LLC raised its position in Xponential Fitness by 276.5% in the 3rd quarter. Verition Fund Management LLC now owns 692,729 shares of the company’s stock valued at $8,590,000 after buying an additional 508,715 shares during the last quarter. State Street Corp lifted its position in shares of Xponential Fitness by 0.4% in the third quarter. State Street Corp now owns 541,092 shares of the company’s stock worth $6,710,000 after purchasing an additional 1,977 shares in the last quarter. Geode Capital Management LLC boosted its position in Xponential Fitness by 0.7% during the third quarter. Geode Capital Management LLC now owns 538,436 shares of the company’s stock valued at $6,678,000 after purchasing an additional 3,658 shares during the last quarter. Finally, Rockefeller Capital Management L.P. bought a new position in shares of Xponential Fitness in the 3rd quarter valued at about $3,171,000. 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.