In yesterday’s Wall Street session, The Beachbody Company Inc. (NYSE:BODY) shares traded at $0.58, down -17.48% from the previous session.
4 analysts cover The Beachbody Company Inc. (NYSE:BODY), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $1.35 and a low of $0.50, we find $1.23. Given the previous closing price of $0.70, this indicates a potential upside of 75.71 percent. BODY stock price is now -10.41% away from the 50-day moving average and -43.74% away from the 200-day moving average. The market capitalization of the company currently stands at $210.82M.
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The stock has received a hold rating from 3 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $1.08 as their price target over the next twelve months.
With the price target of $2.27, Credit Suisse recently initiated with Neutral rating for The Beachbody Company Inc. (NYSE: BODY). On March 29, 2022, BofA Securities recently initiated its ‘Neutral’ rating on the stock quoting a target price of $2.40, while ‘Loop Capital’ rates the stock as ‘Sell’.
In other news, Daikeler Carl, insider bought 114,811 shares of the company’s stock on Dec 02. The stock was bought for $80,483 at an average price of $0.70. Upon completion of the transaction, the insider now directly owns 3,199,946 shares in the company, valued at $1.86 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 02, CO-FOUNDER AND VICE CHAIRMAN Congdon Jonathan bought 50,000 shares of the business’s stock. A total of $35,065 was incurred on buying the stock at an average price of $0.70. This leaves the insider owning 17,826,629 shares of the company worth $10.34 million. A total of 13.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BODY stock. A new stake in The Beachbody Company Inc. shares was purchased by MILL CREEK CAPITAL ADVISORS, LLC during the first quarter worth $3,760,000. D. E. SHAW & CO., INC. invested $55,000 in shares of BODY during the first quarter. In the first quarter, GSA CAPITAL PARTNERS LLP acquired a new stake in The Beachbody Company Inc. valued at approximately $24,000. WOLVERINE TRADING, LLC acquired a new stake in BODY for approximately $17,000. RAINE GROUP LLC purchased a new stake in BODY valued at around $15,000 in the second quarter. In total, there are 134 active investors with 36.30% ownership of the company’s stock.
On Wednesday morning The Beachbody Company Inc. (NYSE: BODY) stock kicked off with the opening price of $0.5936. During the past 12 months, The Beachbody Company Inc. has had a low of $0.50 and a high of $2.33. As of last week, the company has a debt-to-equity ratio of 0.16, a current ratio of 1.10, and a quick ratio of 0.70. The fifty day moving average price for BODY is $0.6486 and a two-hundred day moving average price translates $1.0239 for the stock.
The latest earnings results from The Beachbody Company Inc. (NYSE: BODY) was released for Sep, 2022. According to the Internet Content & Information Company, earnings per share came in at -$0.11, beating analysts’ expectations of -$0.13 by 0.02. This compares to -$0.13 EPS in the same period last year. The net profit margin was -38.80% and return on equity was -95.50% for BODY. The company reported revenue of $165.97 million for the quarter, compared to $208.05 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -20.22 percent. For the current quarter, analysts expect BODY to generate $146.3M in revenue.
The Beachbody Company Inc.(BODY) Company Profile
The Beachbody Company, Inc. operates as a health and wellness platform that provides fitness, nutrition, and stress-reducing programs. It operates in two segments, Beachbody and Other. 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 Openfit, a digital streaming platform that provides digital fitness and wellness resource. It also offers nutritional products, such as Shakeology, a once-a-day premium nutrition shake; Beachbody Performance supplements comprising pre-workout Energize, Hydrate, post-workout Recover, and protein supplement Recharge products; BEACHBARs low sugar, snack bars; and connected fitness equipment that include bikes and accessories. As of December 31, 2021, the company had 2.5 million digital and 0.3 million nutritional subscriptions. The Beachbody Company, Inc. was founded in 1998 and is headquartered in El Segundo, California.
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