Xponential Fitness (NYSE:XPOF) trading down 2.9% after internal selling

Share price of Xponential Fitness, Inc. (NYSE:XPOF – Get Free Report ) fell 2.9% on Tuesday after an insider sold shares of the company. The company traded as high as $13.23 and last traded at $13.30. 88,636 shares changed hands in mid-day trading, down 88% from the session’s average volume of 733,697 shares. Shares previously closed at $13.70.

Specifically, Chairman Sarah Luna sold 14,400 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $13.85, for a total transaction of $199,440.00. Following the completion of the transaction, the chairman now owns 290,297 shares in the company, valued at $4,020,613.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC’s website.

The Wall Street analyst weighs in

Several research firms recently weighed in on XPOF. Roth Mkm dropped their price target on Xponential Fitness from $22.00 to $19.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Piper Sandler reiterated a “neutral” rating and issued a $13.00 price objective (down previously from $14.00) on shares of Xponential Fitness in a research note on Friday, August 2nd. B. Riley boosted their price target on shares of Xponential Fitness from $9.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Robert W. Baird decreased their price target on shares of Xponential Fitness from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Finally, Guggenheim boosted their price target on Xponential Fitness from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Moderate Buy” and a consensus price target of $18.25, based on data from MarketBeat.

Check out our latest research report on XPOF

Xponential Fitness Stock Performance

The company has a 50 day moving average price of $14.82 and a two hundred day moving average price of $13.76. The company has a market cap of $633.92 million, a P/E ratio of -23.09 and a beta of 1.19.

Xponential Fitness (NYSE:XPOF – Get Your Free Report ) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.22). Xponential Fitness had a negative net margin of 6.51% and a negative return on equity of 9.35%. The company had revenue of $76.50 million for the quarter, compared to analysts’ expectations of $83.63 million. In the same quarter last year, the firm earned $0.07 EPS. The company’s revenue for the quarter was down 1.0% year over year. As a group, research analysts expect Xponential Fitness, Inc. to post 0.79 EPS for the current year.

Hedge Funds Influence Xponential Fitness

A number of institutional investors have recently bought and sold shares of the stock. Kent Lake Capital LLC boosted its holdings in shares of Xponential Fitness by 276.0% in 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 in the last quarter. JCP Investment Management LLC purchased a new stake in Xponential Fitness in the second quarter valued at about $3,915,000. Nut Tree Capital Management LP increased its position in Xponential Fitness by 74.3% in the first quarter. Nut Tree Capital Management LP now owns 250,000 shares of the company’s stock valued at $4,135,000 after purchasing an additional 106,587 shares in the last quarter. Algert Global LLC lifted its position in shares of Xponential Fitness by 4.0% during the second quarter. Algert Global LLC now owns 203,823 shares of the company’s stock worth $3,180,000 after purchasing an additional 7,825 shares in the last quarter. Finally, Oak Ridge Investments LLC boosted its position in Xponential Fitness by 9.9% in the first quarter. Oak Ridge Investments LLC now owns 194,109 shares of the company’s stock valued at $3,211,000 after purchasing an additional 17,411 shares during the period. 58.55% of shares are held by institutional investors.

Xponential Fitness Company Profile

(Get a free report)

Xponential Fitness, Inc, through its subsidiaries, operates as a boutique fitness franchisor in North America. Offers pilates, indoor cycling, barre, stretching, rowing, dance, boxing, running, functional training and yoga services at Club Pilates, Pure Barre, CycleBar, StretchLab, Row House, YogaSix, Rumble, AKT, Stride and BFT. brands.

Further reading

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