Beachbody (NYSE:BODI) Cut to "Hold" at Roth Capital

Roth Capital downgraded shares of Beachbody (NYSE:BODI - Free Report) from a strong-buy rating to a hold rating in a research report report published on Tuesday,Zacks.com reports. Roth Capital also issued estimates for Beachbody's Q1 2025 earnings at ($1.33) EPS, Q2 2025 earnings at ($0.97) EPS, Q3 2025 earnings at ($1.08) EPS, Q4 2025 earnings at ($1.21) EPS and FY2026 earnings at ($5.33) EPS.

A number of other brokerages have also commented on BODI. Canaccord Genuity Group reissued a "buy" rating and issued a $13.00 price target on shares of Beachbody in a report on Friday, March 28th. Roth Mkm reissued a "neutral" rating and issued a $7.00 target price (down previously from $12.00) on shares of Beachbody in a research note on Tuesday, April 1st. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $11.00.

Beachbody Price Performance

NYSE:BODI traded down $0.68 during trading hours on Tuesday, hitting $5.33. The stock had a trading volume of 24,942 shares, compared to its average volume of 17,712. The firm has a market capitalization of $36.90 million, a price-to-earnings ratio of -0.34 and a beta of 1.07. Beachbody has a one year low of $5.03 and a one year high of $10.80. The company has a 50 day simple moving average of $7.28 and a two-hundred day simple moving average of $6.70. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.64 and a quick ratio of 0.52.

Beachbody (NYSE:BODI - Get Free Report) last posted its earnings results on Thursday, March 27th. The company reported ($1.89) EPS for the quarter, topping the consensus estimate of ($2.88) by $0.99. The business had revenue of $86.37 million during the quarter, compared to analysts' expectations of $81.71 million. Beachbody had a negative return on equity of 94.29% and a negative net margin of 22.62%. Research analysts forecast that Beachbody will post -8.16 earnings per share for the current fiscal year.

Institutional Trading of Beachbody

Several hedge funds have recently added to or reduced their stakes in BODI. Raine Group LLC purchased a new position in shares of Beachbody in the third quarter worth about $25,000. Summit Financial LLC purchased a new position in Beachbody in the 4th quarter worth approximately $104,000. Rockefeller Capital Management L.P. bought a new stake in Beachbody in the third quarter valued at approximately $625,000. Finally, Raine Capital LLC purchased a new stake in shares of Beachbody during the third quarter valued at approximately $4,287,000. 74.48% of the stock is owned by institutional investors.

Beachbody Company Profile

The Beachbody Company, Inc operates as a subscription health and wellness company that provides fitness, nutrition, and stress-reducing 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 programs.