Xponential Fitness (NYSE:XPOF) Stock Price Up 3.9%

Xponential Fitness, Inc. (NYSE:XPOF) rose 3.9% on Thursday . The company traded as high as $19.82 and last traded at $19.82. Approximately 178,532 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 768,938 shares. The stock had previously closed at $19.07.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on XPOF. Piper Sandler lowered their target price on Xponential Fitness from $42.00 to $36.00 in a research report on Thursday, June 22nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $32.00 price objective on shares of Xponential Fitness in a research note on Friday, August 4th. Citigroup decreased their target price on shares of Xponential Fitness from $39.00 to $30.00 in a research report on Friday, August 4th. Finally, Guggenheim dropped their price target on shares of Xponential Fitness from $34.00 to $32.00 and set a “buy” rating on the stock in a research report on Wednesday, August 16th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $33.63.

Xponential Fitness Trading Down 0.2 %

The firm’s 50-day moving average price is $20.28 and its 200 day moving average price is $25.54. The company has a market cap of $951.43 million, a price-to-earnings ratio of -4.83 and a beta of 1.07.

Xponential Fitness (NYSE:XPOF) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.04). The company had revenue of $77.34 million during the quarter, compared to the consensus estimate of $71.93 million. Xponential Fitness had a net margin of 0.36% and a negative return on equity of 19.10%. Analysts forecast that Xponential Fitness, Inc. will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Andrew Hagopian bought 4,200 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were bought at an average cost of $23.15 per share, for a total transaction of $97,230.00. Following the acquisition, the insider now directly owns 8,800 shares in the company, valued at $203,720. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Xponential Fitness news, President Sarah Luna sold 15,262 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $19.91, for a total transaction of $303,866.42. Following the completion of the sale, the president now directly owns 254,892 shares of the company’s stock, valued at approximately $5,074,899.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Andrew Hagopian acquired 4,200 shares of the stock in a transaction dated Wednesday, August 16th. The stock was bought at an average cost of $23.15 per share, with a total value of $97,230.00. Following the completion of the purchase, the insider now owns 8,800 shares of the company’s stock, valued at $203,720. The disclosure for this purchase can be found here. In the last three months, insiders have bought 59,340 shares of company stock valued at $1,313,272 and have sold 48,647 shares valued at $912,128. 47.86% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of XPOF. Ameriprise Financial Inc. grew its position in Xponential Fitness by 103.7% in the 1st quarter. Ameriprise Financial Inc. now owns 2,238,139 shares of the company’s stock worth $68,017,000 after purchasing an additional 1,139,511 shares in the last quarter. Driehaus Capital Management LLC boosted its stake in shares of Xponential Fitness by 2.8% in the 2nd quarter. Driehaus Capital Management LLC now owns 2,225,077 shares of the company’s stock worth $38,383,000 after buying an additional 59,600 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Xponential Fitness by 17.8% in the second quarter. BlackRock Inc. now owns 1,645,740 shares of the company’s stock valued at $28,389,000 after acquiring an additional 248,593 shares in the last quarter. Eagle Asset Management Inc. grew its holdings in shares of Xponential Fitness by 7.4% in the fourth quarter. Eagle Asset Management Inc. now owns 1,179,458 shares of the company’s stock valued at $26,750,000 after acquiring an additional 80,859 shares in the last quarter. Finally, Divisadero Street Capital Management LP increased its position in shares of Xponential Fitness by 122.7% during the second quarter. Divisadero Street Capital Management LP now owns 1,080,000 shares of the company’s stock valued at $18,630,000 after acquiring an additional 595,000 shares during the last quarter. Hedge funds and other institutional investors own 52.97% 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.