Xponential Fitness (NYSE:XPOF) Shares Gap Down – What’s Next?

Xponential Fitness, Inc. (NYSE:XPOF)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $15.35, but opened at $14.45. Xponential Fitness shares last traded at $14.49, with a volume of 249,203 shares.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Stifel Nicolaus lifted their price objective on Xponential Fitness from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Roth Mkm cut their price objective on Xponential Fitness from $22.00 to $19.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. B. Riley lifted their price objective on Xponential Fitness from $9.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Raymond James cut their price objective 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. Finally, Robert W. Baird cut their price objective on Xponential Fitness from $16.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Four analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Xponential Fitness currently has a consensus rating of “Moderate Buy” and an average price target of $17.17.

Xponential Fitness Stock Up 4.0 %

The company has a 50 day simple moving average of $13.14 and a 200-day simple moving average of $13.40. The stock has a market capitalization of $719.90 million, a price-to-earnings ratio of -12.88 and a beta of 1.18.

Insider Transactions at Xponential Fitness

In other news, Director Mark Grabowski sold 2,595,598 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $325,693.20. Following the sale, the insider now owns 255,764 shares of the company’s stock, valued at $3,115,205.52. This trade represents a 9.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,636,738 shares of company stock valued at $40,367,563 over the last ninety days. 47.83% of the stock is owned by company insiders.

Institutional Investors Weigh In On Xponential Fitness

Several institutional investors have recently bought and sold shares of XPOF. Kent Lake Capital LLC grew its holdings in Xponential Fitness by 276.0% during 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. 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 worth $14,297,000 after buying an additional 565,451 shares in the last quarter. Verition Fund Management LLC grew its holdings in Xponential Fitness by 276.5% during the third quarter. Verition Fund Management LLC now owns 692,729 shares of the company’s stock worth $8,590,000 after buying an additional 508,715 shares in the last quarter. Rockefeller Capital Management L.P. bought a new stake in Xponential Fitness during the third quarter worth $3,171,000. Finally, JCP Investment Management LLC bought a new stake in Xponential Fitness during the second quarter worth $3,915,000. Institutional investors own 58.55% of the company’s stock.

Xponential Fitness Company Profile

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.