Xponential Fitness (NYSE:XPOF) Shares Down 7.8% – Here’s What Happened

Shares of Xponential Fitness, Inc. (NYSE:XPOF) dropped 7.8% during mid-day trading on Monday . The stock traded as low as $14.58 and last traded at $14.46. Approximately 231,152 shares changed hands during trading, a decline of 38% from the average daily volume of 371,668 shares. The stock had previously closed at $15.68.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Stifel Nicolaus lifted their price target 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. Piper Sandler boosted their price objective on shares of Xponential Fitness from $12.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, January 6th. Northland Capmk raised shares of Xponential Fitness to a “hold” rating in a report on Thursday, January 23rd. Finally, Northland Securities assumed coverage on Xponential Fitness in a research report on Thursday, January 23rd. They set a “market perform” rating and a $17.50 price target on the stock. Six research 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 company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.60.

Xponential Fitness Trading Down 8.6 %

The company has a market cap of $692.38 million, a price-to-earnings ratio of -12.35 and a beta of 1.33. The stock has a 50-day simple moving average of $15.60 and a 200-day simple moving average of $14.30.

Institutional Investors Weigh In On Xponential Fitness

Several institutional investors have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in Xponential Fitness during the 4th quarter valued at about $29,000. Point72 Asset Management L.P. bought a new position in shares of Xponential Fitness in the fourth quarter valued at approximately $46,000. AlphaQuest LLC increased its stake in shares of Xponential Fitness by 335.9% during the fourth quarter. AlphaQuest LLC now owns 4,843 shares of the company’s stock valued at $65,000 after acquiring an additional 3,732 shares during the period. Financial Management Professionals Inc. raised its holdings in Xponential Fitness by 117.6% during the fourth quarter. Financial Management Professionals Inc. now owns 5,021 shares of the company’s stock worth $68,000 after purchasing an additional 2,714 shares in the last quarter. Finally, Asset Planning Inc acquired a new stake in Xponential Fitness in the fourth quarter worth approximately $71,000. Institutional investors and hedge funds own 58.55% of the company’s stock.

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.