Beachbody’s Stock Outlook Remains Positive with Analyst UpgradesBeachbody’s Stock Outlook Remains Positive with Analyst Upgrades In a recent research note, ThinkEquity initiated coverage on Beachbody (NYSE: BODI) with a “buy” rating and a $12.00 price target, indicating a potential upside of 51.32% from its current price. Analyst Ratings Several other analysts have also provided updates on BODI: * Baird RW upgraded BODI to “hold” on May 7. * Roth Mkm lowered its price target from $15.00 to $14.00 but maintained a “buy” rating on May 7. * Canaccord Genuity Group initiated coverage with a “buy” rating and a $13.00 price target on May 17. * Robert W. Baird lowered its price target to $10.00 and set a “neutral” rating on May 7. Overall, BODI currently has an average rating of “Moderate Buy” and a consensus target price of $12.40. Trading Activity and Financials BODI shares opened at $7.93 on Monday with a 0.9% decline. The stock’s 12-month range is between $6.31 and $27.50. In its latest quarterly earnings report, BODI reported a loss per share of ($1.92), marginally missing analysts’ estimates by ($0.01). However, the company’s revenue exceeded expectations, reaching $120.05 million. Company Profile The Beachbody Company, Inc. is a subscription-based health and wellness provider offering fitness, nutrition, and stress-reduction programs. Its digital platform, Beachbody on Demand, offers live and on-demand content, while BODi provides live fitness and nutrition programming. Analyst Recommendations Analysts generally remain optimistic about BODI. The consensus recommendation is a “buy,” and the majority of analysts assign a “buy” or “hold” rating. Investors should consider these recommendations and thoroughly research the company before making any investment decisions.
Equity researchers at ThinkEquity have started tracking stocks of Beachbody (NYSE:BODI – Get Free Report) In a research note issued to investors on Monday, Benzinga reported. The brokerage set a “buy” rating and a $12.00 price target on the stock. ThinkEquity’s price target would indicate a potential upside of 51.32% from the stock’s current price.
Several other equities research analysts also commented on the stock. Baird RW upgraded shares of Beachbody to a “hold” rating in a report on Tuesday, May 7. Roth Mkm lowered their price target on shares of Beachbody from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Tuesday, May 7. Canaccord Genuity Group assumed coverage on shares of Beachbody in a research note on Friday, May 17. They set a “buy” rating and a $13.00 price target on the stock. Robert W. Baird lowered their price target on shares of Beachbody from $12.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 7. Finally, Canaccord Genuity Group initiated coverage on shares of Beachbody in a research note on Friday, May 17. They set a “buy” rating and a $13.00 price target on the stock. Two equities analysts have given the stock a hold rating and four have given it a buy rating. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $12.40.
Read our latest analysis on BODI
Beachbody trades down 0.9%
Shares of NYSE:BODI opened Monday at $7.93. Beachbody has a 12-month low of $6.31 and a 12-month high of $27.50. The stock has a 50-day simple moving average of $8.73. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 0.26. The company has a market cap of $54.48 million, a price/earnings ratio of -0.36 and a beta of 1.17.
Beachbody (NYSE:BODI – Get Free Report) last released its quarterly earnings results on Monday, May 6. The company reported ($1.92) earnings per share for the quarter, missing the consensus estimate of ($1.91) by ($0.01). The company had revenue of $120.05 million during the quarter, compared to analyst estimates of $114.94 million. Beachbody had a negative return on equity of 85.56% and a negative net margin of 27.41%. Equity research analysts predict that Beachbody will post -7.41 earnings per share for the current fiscal year.
Beachbody Company Profile
(Get free report)
The Beachbody Company, Inc. is a health and wellness subscription company that provides fitness, nutrition, and stress-reduction programs in the United States and internationally. The Company operates Beachbody on Demand, a digital subscription platform that provides access to a library of live and on-demand fitness and nutrition content; and Beachbody on Demand Interactive (BODi), for live fitness and nutrition programming.
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