Xponential Fitness (NYSE:XPOF) Stock Price Down 2.6% After Insider Selling

Xponential Fitness, Inc. (NYSE:XPOF – Get Rating)’s share price fell 2.6% during trading on Monday following insider selling activity. The stock traded as low as $27.14 and last traded at $27.25. 132,976 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 536,550 shares. The stock had previously closed at $27.97.

Specifically, CEO Anthony Geisler sold 110,445 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $30.34, for a total transaction of $3,350,901.30. Following the completion of the transaction, the chief executive officer now directly owns 942,069 shares in the company, valued at $28,582,373.46. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Xponential Fitness news, COO Ryan Junk sold 26,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $28.26, for a total transaction of $734,760.00. Following the completion of the transaction, the chief operating officer now directly owns 12,465 shares in the company, valued at $352,260.90. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Anthony Geisler sold 110,445 shares of the company’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $30.34, for a total transaction of $3,350,901.30. Following the transaction, the chief executive officer now owns 942,069 shares of the company’s stock, valued at $28,582,373.46. The disclosure for this sale can be found here. Insiders sold a total of 525,419 shares of company stock worth $16,447,906 over the last three months. Corporate insiders own 47.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on XPOF. Raymond James upped their price target on shares of Xponential Fitness from $30.00 to $32.00 and gave the stock a “strong-buy” rating in a report on Friday, March 3rd. Piper Sandler boosted their price objective on shares of Xponential Fitness from $36.00 to $42.00 in a research note on Friday, May 5th. Guggenheim boosted their price objective on shares of Xponential Fitness from $29.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, March 13th. Citigroup boosted their price objective on shares of Xponential Fitness from $32.00 to $39.00 in a research note on Monday, May 8th. Finally, Morgan Stanley upped their price target on shares of Xponential Fitness from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, March 3rd. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $35.13.

Xponential Fitness Trading Down 1.0 %

The company’s fifty day moving average is $30.05 and its 200 day moving average is $26.08. The company has a market capitalization of $1.37 billion, a P/E ratio of -7.82, a P/E/G ratio of 2.35 and a beta of 1.46.

Xponential Fitness (NYSE:XPOF – Get Rating) last posted its quarterly earnings data on Thursday, March 2nd. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.08. The firm had revenue of $71.27 million for the quarter, compared to analysts’ expectations of $67.22 million. Xponential Fitness had a negative net margin of 0.20% and a negative return on equity of 16.57%. Equities research analysts predict that Xponential Fitness, Inc. will post 0.48 EPS for the current year.

Hedge Funds Weigh In On Xponential Fitness

A number of large investors have recently added to or reduced their stakes in XPOF. Bank of New York Mellon Corp increased its position in shares of Xponential Fitness by 136.5% in the first quarter. Bank of New York Mellon Corp now owns 62,171 shares of the company’s stock valued at $1,457,000 after acquiring an additional 35,885 shares during the period. MetLife Investment Management LLC purchased a new position in shares of Xponential Fitness in the first quarter valued at about $192,000. Rhumbline Advisers purchased a new position in shares of Xponential Fitness in the first quarter valued at about $247,000. BlackRock Inc. increased its position in shares of Xponential Fitness by 14.9% in the first quarter. BlackRock Inc. now owns 677,709 shares of the company’s stock valued at $15,886,000 after acquiring an additional 87,975 shares during the period. Finally, Vontobel Holding Ltd. purchased a new position in shares of Xponential Fitness in the first quarter valued at about $448,000. Hedge funds and other institutional investors own 28.77% of the company’s stock.

About Xponential Fitness

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Xponential Fitness, Inc, through its subsidiaries, operates as a boutique fitness franchisor in the United States and internationally. The company offers fitness and wellness services, including pilates, barre, cycling, stretching, rowing, yoga, boxing, dancing, running, and functional training under the Club Pilates, Pure Barre, CycleBar, StretchLab, Row House, YogaSix, Rumble, AKT, Stride, and BFT brands.