Xponential Fitness, Inc. (NYSE:XPOF – Get Free Report) shares were down 8.3% on Monday after Citigroup lowered their price target on the stock from $23.00 to $21.00. Citigroup currently has a buy rating on the stock. Xponential Fitness traded as low as $12.71 and last traded at $12.89. Approximately 226,699 shares were traded during trading, a decline of 67% from the average daily volume of 680,762 shares. The stock had previously closed at $14.05.
A number of other equities research analysts also recently weighed in on the company. Robert W. Baird cut their price target on Xponential Fitness from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday. Raymond James cut their price target on Xponential Fitness from $40.00 to $31.00 and set a “strong-buy” rating for the company in a research note on Wednesday, November 8th. Piper Sandler reissued a “neutral” rating and set a $13.00 price objective (down previously from $21.00) on shares of Xponential Fitness in a report on Wednesday, January 3rd. Stifel Nicolaus raised Xponential Fitness from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Wednesday, December 13th. Finally, Guggenheim lowered their price objective on Xponential Fitness from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday, November 15th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.89.
Read Our Latest Research Report on Xponential Fitness
Insider Buying and Selling at Xponential Fitness
In other Xponential Fitness news, insider Andrew Hagopian sold 5,260 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $10.06, for a total value of $52,915.60. Following the sale, the insider now owns 228,390 shares of the company’s stock, valued at approximately $2,297,603.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Xponential Fitness news, insider Andrew Hagopian sold 5,260 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $10.06, for a total value of $52,915.60. Following the sale, the insider now owns 228,390 shares of the company’s stock, valued at approximately $2,297,603.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Sarah Luna sold 5,399 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $10.01, for a total value of $54,043.99. Following the completion of the sale, the president now directly owns 265,247 shares in the company, valued at approximately $2,655,122.47. The disclosure for this sale can be found here. Insiders have sold 35,632 shares of company stock valued at $356,848 in the last 90 days. 47.86% of the stock is currently owned by insiders.
Institutional Trading of Xponential Fitness
Several institutional investors have recently modified their holdings of the company. Macquarie Group Ltd. grew its holdings in shares of Xponential Fitness by 23.1% during the 3rd quarter. Macquarie Group Ltd. now owns 3,320 shares of the company’s stock worth $61,000 after purchasing an additional 624 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Xponential Fitness by 50.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,041 shares of the company’s stock worth $35,000 after buying an additional 681 shares during the period. Royal Bank of Canada lifted its position in shares of Xponential Fitness by 48.8% during the 2nd quarter. Royal Bank of Canada now owns 2,906 shares of the company’s stock worth $50,000 after buying an additional 953 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Xponential Fitness by 10.2% during the 4th quarter. JPMorgan Chase & Co. now owns 10,444 shares of the company’s stock worth $239,000 after buying an additional 964 shares during the period. Finally, Rhumbline Advisers lifted its position in shares of Xponential Fitness by 3.3% during the 3rd quarter. Rhumbline Advisers now owns 32,913 shares of the company’s stock worth $510,000 after buying an additional 1,037 shares during the period. Institutional investors and hedge funds own 52.97% of the company’s stock.
Xponential Fitness Stock Performance
The firm has a market cap of $614.09 million, a P/E ratio of -7.84, a P/E/G ratio of 0.29 and a beta of 0.93. The company has a 50-day moving average of $11.35 and a 200 day moving average of $14.00.
Xponential Fitness (NYSE:XPOF – Get Free Report) last posted its earnings results on Thursday, February 29th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.03). The company had revenue of $90.20 million for the quarter, compared to the consensus estimate of $81.71 million. Xponential Fitness had a negative return on equity of 16.11% and a negative net margin of 0.28%. Xponential Fitness’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.11 EPS. Sell-side analysts anticipate that Xponential Fitness, Inc. will post 1.06 EPS for the current fiscal year.
About Xponential Fitness
(Get Free Report)
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.
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