Piper Sandler Has Lowered Expectations for Xponential Fitness (NYSE:XPOF) Stock Price

Xponential Fitness (NYSE:XPOF) had its price objective cut by Piper Sandler from $13.00 to $12.00 in a research note issued to investors on Friday,Benzinga reports. They currently have a neutral rating on the stock.

Other analysts have also recently issued research reports about the company. Robert W. Baird reduced their price objective on 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 target price on shares of Xponential Fitness from $9.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Roth Mkm dropped their price target on shares of Xponential Fitness from $22.00 to $19.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, Raymond James cut their price objective 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 issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.17.

Xponential Fitness Trading Down 3.6 %

Shares of XPOF stock opened at $15.81 on Friday. The stock has a market capitalization of $761.65 million, a P/E ratio of -13.63 and a beta of 1.18. The firm’s 50 day moving average is $12.78 and its 200 day moving average is $13.25. Xponential Fitness has a 12-month low of $7.40 and a 12-month high of $18.95.

Insider Activity

In related news, President Sarah Luna sold 14,400 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $13.85, for a total value of $199,440.00. Following the transaction, the president now directly owns 290,297 shares of the company’s stock, valued at approximately $4,020,613.45. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Xponential Fitness news, President Sarah Luna sold 14,400 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $13.85, for a total transaction of $199,440.00. Following the completion of the transaction, the president now owns 290,297 shares of the company’s stock, valued at $4,020,613.45. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Andrew Hagopian sold 26,740 shares of Xponential Fitness stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $12.18, for a total value of $325,693.20. Following the completion of the sale, the insider now directly owns 255,764 shares in the company, valued at $3,115,205.52. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 47.83% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. nVerses Capital LLC purchased a new position in Xponential Fitness in the second quarter worth about $34,000. Quarry LP increased its position in shares of Xponential Fitness by 80.4% during the 2nd quarter. Quarry LP now owns 3,692 shares of the company’s stock valued at $58,000 after purchasing an additional 1,646 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in Xponential Fitness during the 2nd quarter valued at $72,000. Dnca Finance bought a new stake in Xponential Fitness in the second quarter worth $107,000. Finally, SG Americas Securities LLC purchased a new position in Xponential Fitness during the third quarter worth $107,000. 58.55% of the stock is currently owned by institutional investors.

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.