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

25 Dec 2024, 08:35 by Renee Jackson · The Cerbat Gem

Shares of Xponential Fitness, Inc. (NYSE:XPOF – Get Free Report) 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.

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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

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