Andrew Hagopian Sells 26,740 Shares of Xponential Fitness, Inc. (NYSE:XPOF) Stock

Xponential Fitness, Inc. (NYSE:XPOF) insider Andrew Hagopian sold 26,740 shares of the company’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $12.18, for a total transaction of $325,693.20. Following the completion of the transaction, the insider now owns 255,764 shares of the company’s stock, valued at $3,115,205.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Xponential Fitness Trading Up 0.3 %

Xponential Fitness stock opened at $12.09 on Wednesday. The firm has a 50-day moving average of $13.08 and a 200-day moving average of $13.42. The firm has a market cap of $580.95 million, a P/E ratio of -21.20 and a beta of 1.18. Xponential Fitness, Inc. has a 1-year low of $7.40 and a 1-year high of $18.95.

Xponential Fitness (NYSE:XPOF) last posted its earnings results on Thursday, August 1st. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.22). The firm had revenue of $76.50 million for the quarter, compared to analysts’ expectations of $83.63 million. Xponential Fitness had a negative return on equity of 9.35% and a negative net margin of 6.51%. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.07 earnings per share. Research analysts forecast that Xponential Fitness, Inc. will post 0.79 earnings per share for the current fiscal year.

Institutional Trading of Xponential Fitness

A number of institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. bought a new position in Xponential Fitness in the first quarter worth about $278,000. Oak Ridge Investments LLC raised its stake in Xponential Fitness by 9.9% in the first quarter. Oak Ridge Investments LLC now owns 194,109 shares of the company’s stock worth $3,211,000 after buying an additional 17,411 shares in the last quarter. Kent Lake Capital LLC raised its stake in 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. Nut Tree Capital Management LP raised its stake 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 worth $4,135,000 after buying an additional 106,587 shares in the last quarter. Finally, Dnca Finance bought a new position in Xponential Fitness in the second quarter worth about $107,000. 58.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

XPOF has been the subject of several research reports. Piper Sandler reiterated a “neutral” rating and issued a $13.00 target price (down from $14.00) on shares of Xponential Fitness in a research report on Friday, August 2nd. Robert W. Baird cut 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. B. Riley upped their price target on shares of Xponential Fitness from $9.00 to $12.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Roth Mkm cut their price target on shares of Xponential Fitness from $22.00 to $19.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, Raymond James cut their price target on shares of Xponential Fitness from $30.00 to $20.00 and set a “strong-buy” rating for the company in a research report on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Xponential Fitness presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.28.

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.