Xponential Fitness (NYSE:XPOF) Trading Down 2.9% on Insider Selling

Shares of Xponential Fitness, Inc. (NYSE:XPOF) dropped 2.9% on Tuesday after an insider sold shares in the company. The company traded as low as $13.23 and last traded at $13.30. Approximately 88,636 shares changed hands during trading, a decline of 88% from the average daily volume of 733,697 shares. The stock had previously closed at $13.70.

Specifically, President Sarah Luna sold 14,400 shares of Xponential Fitness stock in a transaction on Friday, September 13th. The stock was sold at an average price of $13.85, for a total value of $199,440.00. Following the completion of the sale, the president now owns 290,297 shares of the company’s stock, valued at $4,020,613.45. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Wall Street Analyst Weigh In

XPOF has been the topic of a number of research analyst reports. Raymond James decreased their price target on Xponential Fitness from $30.00 to $20.00 and set a “strong-buy” rating on the stock in a research note on Friday, August 2nd. B. Riley boosted their target price 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 reaffirmed a “neutral” rating and set a $13.00 price target (down previously from $14.00) on shares of Xponential Fitness in a research note on Friday, August 2nd. Guggenheim lifted their price target on shares of Xponential Fitness from $18.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Finally, Robert W. Baird dropped their price objective on Xponential Fitness from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.25.

Xponential Fitness Stock Performance

The company’s fifty day moving average is $14.88 and its two-hundred day moving average is $13.76. The firm has a market cap of $643.20 million, a price-to-earnings ratio of -23.47 and a beta of 1.19.

Xponential Fitness (NYSE:XPOF) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.03) 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 company had revenue of $76.50 million for the quarter, compared to analyst estimates of $83.63 million. During the same quarter in the prior year, the firm earned $0.07 EPS. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, analysts forecast that Xponential Fitness, Inc. will post 0.79 earnings per share for the current fiscal year.

Institutional Trading of Xponential Fitness

Hedge funds have recently made changes to their positions in the company. nVerses Capital LLC purchased a new position in shares of Xponential Fitness in the second quarter valued at $34,000. Quarry LP boosted its position in Xponential Fitness by 80.4% in the 2nd quarter. Quarry LP now owns 3,692 shares of the company’s stock valued at $58,000 after buying an additional 1,646 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Xponential Fitness during the second quarter valued at about $72,000. Dnca Finance purchased a new stake in shares of Xponential Fitness during the second quarter worth about $107,000. Finally, Quest Partners LLC acquired a new position in shares of Xponential Fitness in the fourth quarter worth about $174,000. Hedge funds and other 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.