Piper Sandler Increases Xponential Fitness (NYSE:XPOF) Price Target to $16.00

Xponential Fitness (NYSE:XPOF) had its target price lifted by analysts at Piper Sandler from $12.00 to $16.00 in a report released on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s price objective would suggest a potential upside of 11.65% from the stock’s current price.

Separately, Stifel Nicolaus upped their target price 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. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.61.

Xponential Fitness Stock Down 7.7 %

Xponential Fitness stock opened at $14.33 on Monday. The company has a 50 day moving average of $14.41 and a 200-day moving average of $14.28. Xponential Fitness has a twelve month low of $7.40 and a twelve month high of $18.95. The stock has a market capitalization of $692.18 million, a PE ratio of -12.35 and a beta of 1.30.

Insider Activity at Xponential Fitness

In other news, insider Andrew Hagopian sold 26,740 shares of the stock in a transaction that occurred on 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 owns 255,764 shares of the company’s stock, valued at approximately $3,115,205.52. This represents a 9.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mark Grabowski sold 2,595,598 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $15.35, for a total transaction of $39,842,429.30. Following the completion of the transaction, the director now directly owns 30,546 shares of the company’s stock, valued at $468,881.10. This represents a 98.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 47.83% of the stock is owned by insiders.

Institutional Trading of Xponential Fitness

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP increased its stake in shares of Xponential Fitness by 80.4% during the 2nd quarter. Quarry LP now owns 3,692 shares of the company’s stock worth $58,000 after purchasing an additional 1,646 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in Xponential Fitness during the second quarter worth about $72,000. SG Americas Securities LLC acquired a new position in Xponential Fitness during the third quarter worth approximately $107,000. Centiva Capital LP bought a new stake in Xponential Fitness in the third quarter valued at approximately $183,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Xponential Fitness in the third quarter valued at approximately $185,000. 58.55% of the stock is owned by institutional investors.

Xponential Fitness Company Profile

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.