Xponential Fitness (NYSE:XPOF) Trading Down 13.5% – Here’s Why

Shares of Xponential Fitness, Inc. (NYSE:XPOF) fell 13.5% during mid-day trading on Monday . The stock traded as low as $11.22 and last traded at $10.95. 596,258 shares were traded during trading, an increase of 3% from the average session volume of 578,732 shares. The stock had previously closed at $12.66.

Analysts Set New Price Targets

Several analysts have weighed in on XPOF shares. Stifel Nicolaus upped their price objective on shares of Xponential Fitness from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Northland Securities began coverage on Xponential Fitness in a research report on Thursday, January 23rd. They set a “market perform” rating and a $17.50 price target on the stock. Northland Capmk raised Xponential Fitness to a “hold” rating in a research note on Thursday, January 23rd. Finally, Piper Sandler raised their target price on Xponential Fitness from $12.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, January 6th. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.22.

Xponential Fitness Trading Down 10.7 %

The stock has a market capitalization of $546.26 million, a P/E ratio of -9.75 and a beta of 1.38. The company has a fifty day simple moving average of $15.53 and a two-hundred day simple moving average of $14.26.

Institutional Investors Weigh In On Xponential Fitness

A number of institutional investors and hedge funds have recently modified their holdings of XPOF. Geode Capital Management LLC grew its holdings in Xponential Fitness by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 539,904 shares of the company’s stock worth $7,263,000 after acquiring an additional 1,468 shares during the period. State Street Corp increased its holdings in Xponential Fitness by 0.4% in the third quarter. State Street Corp now owns 541,092 shares of the company’s stock valued at $6,710,000 after purchasing an additional 1,977 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Xponential Fitness in the fourth quarter valued at about $29,000. Charles Schwab Investment Management Inc. boosted its holdings in Xponential Fitness by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 195,380 shares of the company’s stock worth $2,423,000 after buying an additional 2,670 shares during the last quarter. Finally, Financial Management Professionals Inc. grew its position in shares of Xponential Fitness by 117.6% during the 4th quarter. Financial Management Professionals Inc. now owns 5,021 shares of the company’s stock worth $68,000 after buying an additional 2,714 shares during the period. 58.55% of the stock is 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.