Xponential Fitness (NYSE:XPOF) Shares Down 4.3%

Xponential Fitness, Inc. (NYSE:XPOF - Get Free Report)'s stock price dropped 4.3% on Monday . The stock traded as low as $12.58 and last traded at $12.58. Approximately 171,901 shares traded hands during trading, a decline of 74% from the average daily volume of 649,070 shares. The stock had previously closed at $13.15.

Analyst Ratings Changes

XPOF has been the topic of a number of research analyst reports. Bank of America boosted their price objective on shares of Xponential Fitness from $13.00 to $15.50 and gave the company a "neutral" rating in a research report on Wednesday, March 13th. Citigroup dropped their target price on Xponential Fitness from $23.00 to $21.00 and set a "buy" rating on the stock in a research report on Monday, March 4th. Piper Sandler reaffirmed a "neutral" rating and set a $13.00 price target (down from $21.00) on shares of Xponential Fitness in a research note on Wednesday, January 3rd. Robert W. Baird decreased their target price on shares of Xponential Fitness from $16.00 to $14.00 and set a "neutral" rating for the company in a research report on Friday, March 1st. Finally, Stifel Nicolaus restated a "buy" rating and set a $20.00 price target on shares of Xponential Fitness in a report on Friday, April 12th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $23.06.

Xponential Fitness Price Performance

The stock's fifty day simple moving average is $13.44 and its 200-day simple moving average is $13.05. The company has a market capitalization of $604.06 million, a P/E ratio of -7.66 and a beta of 1.09.

Xponential Fitness (NYSE:XPOF - Get Free Report) last announced its earnings results on Thursday, February 29th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.03). The business had revenue of $90.20 million for the quarter, compared to the consensus estimate of $81.71 million. Xponential Fitness had a negative net margin of 0.28% and a negative return on equity of 16.60%. Xponential Fitness's revenue for the quarter was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.11 EPS. On average, research analysts predict that Xponential Fitness, Inc. will post 1.11 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Anthony Geisler sold 17,901 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $9.93, for a total value of $177,756.93. Following the completion of the sale, the chief executive officer now owns 394,011 shares in the company, valued at $3,912,529.23. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Anthony Geisler sold 17,901 shares of the company's stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $9.93, for a total value of $177,756.93. Following the completion of the transaction, the chief executive officer now directly owns 394,011 shares in the company, valued at $3,912,529.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Sarah Luna sold 5,399 shares of Xponential Fitness stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $10.01, for a total transaction of $54,043.99. Following the sale, the president now owns 265,247 shares in the company, valued at approximately $2,655,122.47. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,632 shares of company stock valued at $356,848. 47.86% of the stock is owned by company insiders.

Institutional Trading of Xponential Fitness

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Xponential Fitness by 39.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,645 shares of the company's stock valued at $87,000 after purchasing an additional 1,598 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Xponential Fitness in the fourth quarter valued at about $143,000. Quest Partners LLC bought a new stake in Xponential Fitness during the fourth quarter worth about $174,000. Harbor Capital Advisors Inc. grew its stake in Xponential Fitness by 15.5% during the third quarter. Harbor Capital Advisors Inc. now owns 11,916 shares of the company's stock worth $185,000 after buying an additional 1,602 shares during the last quarter. Finally, Versor Investments LP acquired a new stake in shares of Xponential Fitness during the fourth quarter worth approximately $240,000. Institutional investors own 58.55% of the company's stock.

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.