JPMorgan Chase & Co. Reduces Stock Position in Xponential Fitness, Inc. (NYSE:XPOF)

JPMorgan Chase & Co. cut its holdings in shares of Xponential Fitness, Inc. (NYSE:XPOF - Free Report) by 95.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,861 shares of the company's stock after selling 228,453 shares during the quarter. JPMorgan Chase & Co.'s holdings in Xponential Fitness were worth $147,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quarry LP grew its holdings in Xponential Fitness by 80.4% in the 2nd quarter. Quarry LP now owns 3,692 shares of the company's stock worth $58,000 after acquiring an additional 1,646 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Xponential Fitness in the 3rd quarter worth approximately $107,000. Centiva Capital LP purchased a new position in shares of Xponential Fitness in the 3rd quarter worth about $183,000. Landscape Capital Management L.L.C. purchased a new position in Xponential Fitness in the third quarter worth about $185,000. Finally, SkyView Investment Advisors LLC boosted its stake in Xponential Fitness by 23.3% during the 3rd quarter. SkyView Investment Advisors LLC now owns 18,500 shares of the company's stock valued at $229,000 after purchasing an additional 3,500 shares during the last quarter. 58.55% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on XPOF shares. Piper Sandler lifted their price objective on shares of Xponential Fitness from $12.00 to $16.00 and gave the company a "neutral" rating in a research report on Monday, January 6th. Stifel Nicolaus boosted their price objective on shares of Xponential Fitness from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Northland Securities began coverage on Xponential Fitness in a research note on Thursday, January 23rd. They set a "market perform" rating and a $17.50 price target for the company. Finally, Northland Capmk upgraded Xponential Fitness to a "hold" rating in a report on Thursday, January 23rd. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Xponential Fitness presently has a consensus rating of "Moderate Buy" and an average price target of $17.60.

Insider Activity at Xponential Fitness

In other news, Director Mark Grabowski sold 2,595,598 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $15.35, for a total value of $39,842,429.30. Following the completion of the transaction, the director now owns 30,546 shares of the company's stock, valued at approximately $468,881.10. This represents a 98.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 47.83% of the stock is currently owned by corporate insiders.

Xponential Fitness Stock Performance

Shares of XPOF traded up $0.11 during midday trading on Wednesday, hitting $17.54. 221,061 shares of the stock traded hands, compared to its average volume of 397,320. The business's 50 day moving average price is $15.05 and its two-hundred day moving average price is $14.21. Xponential Fitness, Inc. has a 1-year low of $7.40 and a 1-year high of $18.95. The firm has a market capitalization of $847.33 million, a PE ratio of -15.12 and a beta of 1.33.

Xponential Fitness (NYSE:XPOF - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.22). The business had revenue of $80.49 million for the quarter, compared to analysts' expectations of $76.85 million. Xponential Fitness had a negative net margin of 9.15% and a negative return on equity of 4.37%. During the same period last year, the firm earned $0.11 EPS. As a group, equities research analysts forecast that Xponential Fitness, Inc. will post 0.61 EPS for the current fiscal year.

Xponential Fitness 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.