JPMorgan Chase & Co. Increases Stock Position in Xponential Fitness, Inc. $XPOF

JPMorgan Chase & Co. raised its holdings in Xponential Fitness, Inc. (NYSE:XPOF) by 75.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 297,838 shares of the company’s stock after purchasing an additional 127,631 shares during the period. JPMorgan Chase & Co. owned 0.61% of Xponential Fitness worth $2,320,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. SkyView Investment Advisors LLC lifted its stake in shares of Xponential Fitness by 4.9% during the second quarter. SkyView Investment Advisors LLC now owns 39,871 shares of the company’s stock valued at $302,000 after buying an additional 1,859 shares during the period. Raymond James Financial Inc. lifted its stake in shares of Xponential Fitness by 20.4% during the third quarter. Raymond James Financial Inc. now owns 14,732 shares of the company’s stock valued at $115,000 after buying an additional 2,500 shares during the period. Rhumbline Advisers lifted its stake in shares of Xponential Fitness by 8.1% during the second quarter. Rhumbline Advisers now owns 35,633 shares of the company’s stock valued at $267,000 after buying an additional 2,668 shares during the period. Vanguard Group Inc. lifted its stake in shares of Xponential Fitness by 0.3% during the third quarter. Vanguard Group Inc. now owns 1,554,023 shares of the company’s stock valued at $12,106,000 after buying an additional 4,495 shares during the period. Finally, Aquatic Capital Management LLC purchased a new position in shares of Xponential Fitness during the third quarter valued at approximately $44,000. Hedge funds and other institutional investors own 58.55% of the company’s stock.

Xponential Fitness Stock Performance

Shares of XPOF stock opened at $6.74 on Tuesday. Xponential Fitness, Inc. has a one year low of $3.83 and a one year high of $11.14. The company has a 50 day moving average price of $6.92 and a 200 day moving average price of $7.22. The firm has a market capitalization of $330.55 million, a price-to-earnings ratio of -4.62 and a beta of 1.22.

Xponential Fitness (NYSE:XPOF) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.91) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.88). Xponential Fitness had a negative return on equity of 2.19% and a negative net margin of 10.90%.The company had revenue of $82.96 million for the quarter, compared to analyst estimates of $73.42 million. During the same period last year, the company posted ($0.19) EPS. The business’s revenue for the quarter was down .3% on a year-over-year basis. As a group, equities analysts forecast that Xponential Fitness, Inc. will post 0.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

XPOF has been the topic of several recent analyst reports. Guggenheim reduced their price objective on shares of Xponential Fitness from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Roth Mkm downgraded shares of Xponential Fitness from a “buy” rating to a “neutral” rating and set a $7.00 price objective on the stock. in a research note on Friday, February 27th. Robert W. Baird reduced their price objective on shares of Xponential Fitness from $8.00 to $6.50 and set a “neutral” rating on the stock in a research note on Friday, February 27th. Wall Street Zen downgraded shares of Xponential Fitness from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, KeyCorp initiated coverage on shares of Xponential Fitness in a research note on Thursday, March 12th. They set a “sector weight” rating on the stock. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $8.92.

About Xponential Fitness

Xponential Fitness is a leading franchisor and operator of boutique fitness studios headquartered in Irvine, California. The company specializes in developing, marketing, and supporting a portfolio of fitness brands that deliver low-impact cardio, strength training, and mindful movement workouts. Through its asset-light franchise model, Xponential provides entrepreneurs with proprietary studio designs, branded equipment, digital support, and comprehensive training programs to ensure consistent member experiences.

Its portfolio comprises core brands such as Club Pilates, Pure Barre, CycleBar, StretchLab, YogaSix, Row House, Rumble, AKT, and STRIDE.