Its unclear what steps Beachbody will need to take to return to favor. The search for tophyper-growth stocksmay be less of a priority for many investors. Since then, BODY stock has increased by 22.7% and is now trading at $0.6455. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. Amanda Krause/Insider. Beachbody's mailing address is 1177 AVENUE OF THE AMERICAS FL 5, NEW YORK NY, 10036. Upgrade to remove this ad. Source: FactSet. So, with all this promise, why is the price of the stock so low? The previous year, the company posted a record-setting quarter with revenue of $7.64 billion, $3 billion of which was pure profit. Currently, 7.4% of the company's stock are short sold. 3 analysts have issued 1 year target prices for Beachbody's shares. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Coinbases CEO, Brian Armstrong, had. On Nov. 16, Beachbody stock dropped nearly 21% following the company's release of its third-quarter results after the market close on the prior day. Additionally, as BODY begins to get more subscribers, it has an opportunity to sell them on the nutritional products, which can reinvigorate this category for BODY. Union Pacific stock bolted 10% higher to 212.16 during market trade on Monday. Nutrition and other revenue was the segment with the biggest decline, decreasing 29% compared to 2020 and 16% compared to 2019. Our daily ratings and market update email newsletter. However, when you dig into them further, the figures aren't so scary. After taking a break from its big year-to-date rally, Tesla ( NASDAQ:TSLA) shares have resumed their upward trajectory and there is an upcoming catalyst that could sustain the uptick. To make the world smarter, happier, and richer. What Is the Best Tech Stock to Buy Now? contact@marketbeat.com Theres even room for more lines. The Beachbody Company, Inc. (BODY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. Investors don't like downgrades, so the selling continued for another day. The previous year, the company posted a record-setting quarter with revenue of $7.64 billion, $3 billion of which was pure profit. This newly public company's performance hasn't yet shown it deserves your investment dollars. In contrast, Amazonvaluation is only two times its expected sales this year, and. Loop Capital downgraded The Beachbody Company from hold to sell, with a $2-per-share price target (down from $9). Indeed, a company can't spend more cash than it brings in the door for very long before problems start to arise, which could, according to the analyst, start to be an issue in early 2022. 01/05 13:05. WebView the latest Beachbody Co. Inc. (BODY) stock price, news, historical charts, analyst ratings and financial information from WSJ. ET, Why The Beachbody Company Stock Plunged 50% in November, Why The Beachbody Company Stock Plummeted 27.5% at the Open Today, 2 Growth Stocks That Can Turn $250,000 Into $1 Million by 2030, Billionaire Investor Bill Ackman Is Raking In $97 Million In Annual Dividend Income From These 2 Stocks, 1 Bargain-Basement Warren Buffett Stock Down 78% to Buy Before It Starts Soaring, 3 No-Brainer Stocks to Buy With $50 Right Now, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. EL SEGUNDO, Calif.--(BUSINESS WIRE)--The Beachbody Company, Inc. (NYSE: BODY), ("Beachbody" or the "Company"), a leading subscription health and wellness company, is excited to announce a new bundle o EL SEGUNDO, Calif.--(BUSINESS WIRE)--The Beachbody Company, Inc. (NYSE: BODY), ("Beachbody" or the "Company"), a leading subscription health and wellness company, has teamed up with global fitness phe EL SEGUNDO, Calif.--(BUSINESS WIRE)--The Beachbody Company, Inc. (NYSE: BODY) (Beachbody or the Company), a leading subscription health and wellness company, today announced that Beachbody's Co-Fo EL SEGUNDO, Calif.--(BUSINESS WIRE)--Beachbody Company Second Quarter 2022 Results. Their BODY share price forecasts range from $1.50 to $2.00. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. It operates in two segments, Beachbody and Other. This Is One Potential Risk. By creating a free account, you agree to our, Want Monthly Income? Earnings for Beachbody are expected to grow in the coming year, from ($0.46) to ($0.22) per share. Notably, Coinbase has, . Daqo Contracts During 4th Quarter, Becomes Value Play for 2023. View BODY analyst ratings or view top-rated stocks. This exceeded predictions that it would only bring in $588 million. Tesla Stock: The Potential Catalysts That Could Send Shares Higher. So the million-dollar question is: What is normal and when will the company's results reflect it? Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. View More Fundamentals Add Fundamental 2012 2014 2016 2018 2020 2022 -250M -200M -150M -100M -50M 0 Movie-theatre operator AMC's stock surged 23% after a potential legal delay to a common share dilution plan. However, Shopifys technology enables these businesses to take a direct-to-consumer approach. Since Beachbody went public on June 28 via a special acquisition purpose company (SPAC), its shares have plunged 80%, as of Dec. 6. WebBeachbody Company Inc (BODY) Stock Price & News - Google Finance 3,970.04 -42.28 11,394.94 VIX Home BODY NYSE Beachbody Company Inc Follow Share $0.64 After Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. By accessing this page, you agree to the following Walgreens Boots Alliance is a mouthful of a name, but its a great company for income investors. Learn More. The Motley Fool has no position in any of the stocks mentioned. 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. Learn more. Article printed from InvestorPlace Media, https://investorplace.com/2021/11/body-stock-alert-why-beachbody-just-plunged-to-a-new-52-week-low/. How can I listen to Beachbody's earnings call? Beachbody story: SHAREHOLDER ALERT Purcell Lefkowitz LLP Is Investigating The Beachbody Company,Inc for Potential Breaches of Fiduciary Duty By Its Board of Directors Marketscreenercom and other headlines for The Beachbody Investors, meanwhile, focused on some notable insider trades. And it couldnt be more wrong! There are currently 2 hold ratings and 1 buy rating for the stock. After taking a break from its big year-to-date rally, Tesla ( NASDAQ:TSLA) shares have Notably, Coinbase has kicked off 2023 positively, posting impressive results. 326 E 8th St #105, Sioux Falls, SD 57103 Or is there an opportunity to expand the business' product line in the future? In the nine months ended in September 30, 2021, BODY used $139 million in cash for operating activities and $108.35 million in investing activities. However, in its fiscal 2023 Q4 earnings report, Nvidia projected an income of $6 billion, which is almost exactly where it landed with $6.05 billion in revenue. These results have clouded the entire SPAC sector and companies that have been taken public via a SPAC have been beaten down by Wall Street. Because of COVID's impacts, these events have been canceled and this segment has taken a hit as a result. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Chris MacDonalds love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. Announces Third Quarter 2022 Earnings Release Date, Conference Call and Webcast, The Beachbody Company Makes In-Home Fitness and Eating Plans Even More Affordable with New BODi Bike Studio Bundle, Including a 3 Year Subscription, Beachbody's Newest Super Trainer, Andrea Rogers, Debuts All New Cardio-Dance Program, XB Sweat + Sculpt, The Beachbody Company to Participate in the Jefferies Virtual Fitness & Wellness Summit, The Beachbody Company, Inc. This is because when it comes to tackling intricate computing assignments like artificial intelligence and machine learning, Nvidia chips are typically the preferred choice. Another reason that earnings were not as good as analysts had projected was the delayed launch of BOD Interactive or BODi. Finally, the companys full-year revenue was almost the same as the previous year, at $26.92 billion, but its profit was down substantially. Is Lucid (LCID) Stock a Buy? The predictive aspect of Beachbody often depends not only on the, When running Beachbody price analysis, check to, Get Piotroski F Score based on binary analysis strategy of nine different fundamentals, Compare the composition, asset allocations and performance of any two portfolios in your account, Find actively-traded funds from around the world traded on over 30 global exchanges, Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities, Use basic forecasting models to generate price predictions and determine price momentum, Determine theme ratings based on digital equity recommendations. Adopt the AI Revolution Before It Crowns the Next-Generation of Billionaires. These meme stocks to sell are mostly relics from the pandemic that continue to hang on. All rights reserved. Beachbody is a holding company involved in offering streamed and live fitness, nutrition programs and various products. Price as of February 28, 2023, 4:00 p.m. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Please log in to your account or sign up in order to add this asset to your watchlist. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. Himelson is also the author of a book series to teach kids about business: Kimmy and Jimmy's Business Adventures. Each of these warrants are exercisable at a price per share of $11.50, subject to adjustments. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Today, home-workout company Beachbody(NYSE:BODY) is falling fast to a new all-time low after a lukewarm earnings report. Connected fitness revenue was $5.9 million in the quarter, compared to none in 2020 because that preceded the Myx Fitness acquisition. Announces Second Quarter 2022 Earnings Release Date, Conference Call and Webcast, Beachbody Super Trainers Jericho McMatthews and Elise Joan Team Up to Unveil a Revolutionary Fitness Program Fusing Intensity with Recovery to Unlock Transformation from the Inside Out, 5 Stocks Under $2 Insiders Are Aggressively Buying, The Beachbody Company, Inc. It ended the quarter with cash and cash equivalents of $199.8 million. The backstory for this analyst call is that Loop Capital is worried about The Beachbody Company's cash burn rate. That puts UNP shares back above their 200-day According to analysts' consensus price target of $1.75, Beachbody has a forecasted upside of 171.1% from its current price of $0.65. Learn More. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Change value during other periods is calculated as the difference between the last trade and the most recent settle. The all-time high Beachbody stock closing price was 12.74 on June 28, 2021. Invest better with The Motley Fool. All rights reserved. Compared to the companys. Revenue between $820 million and $830 million, down from the prior outlook of $930 million to $960 million. Interest Expense is likely to rise to about 631.4 K in 2023, whereas Consolidated Income is likely to drop (211 M) in 2023. Loop Capital downgraded The Beachbody Company from hold to sell, with a $2-per-share price target (down from $9). Identify stocks that meet your criteria using seven unique stock screeners. EL SEGUNDO, Calif. , April 19, 2022 /PRNewswire/ -- The Beachbody Company, Inc. (NYSE: BODY) ("Beachbody" or the "Company"), a leading subscription health and wellness company, today announced that Su EL SEGUNDO, Calif.--(BUSINESS WIRE)--BODY First Quarter Earnings Date Announcement. In contrast, Amazonvaluation is only two times its expected sales this year, and BigCommerces (NASDAQ:BIGC) is three times its projected revenue for 2023. You can read about the details of expected earnings, their plans and products through the investor presentation. Should I buy or sell Beachbody stock right now? Sign in to your free account to enjoy all that MarketBeat has to offer. Thomas Barwick/DigitalVision via Getty Images. However, I think BODY can reverse this and stoke revenue growth from their new launches and use their ad dollars more effectively once they figure out the impacts from the new iOS update. Shopify(NYSE:SHOP) hasrevolutionized the e-commerce industry. Additionally, BODY prudently invested in Myx and Ladder and those investments reduced cash flow by approximately $108.35 million. BODY has surely had its own missteps but I believe BODY has been pushed further down because of this general negative sentiment to all SPACs currently. This comes as more and more Americans go back to the gym. Only 19.65% of the stock of Beachbody is held by institutions. Tony Horton was our introduction to fitness and started our lifelong passions for it. The company was founded more than 24 years ago and has evolved greatly since then. Average month-over-month digital retention was 95.6% in the quarter. Beachbody stock opened at $13.15 a share Monday, reached a high of $13.50 share, before closing at $11.74 a share. BODY has no debt with a nice cash position of approximately $200 million. *Average returns of all recommendations since inception. Additionally, the subscription revenue associated with those bikes will also start to trickle in each month. Copyright 2023 InvestorPlace Media, LLC. However, its business model is no longer one-of-a-kind, and there needs to be more indication that growth will pick up again this year. At its current price of $40 per share, the company has an enterprise value of $51.6 billion, or eight times the projected revenue for 2023. 2 Oil Refiners Posting Record Margins: Can the Trend Continue? Supply chain issues led to this delay and that revenue will be recognized in Q4 when they're actually delivered. its revenue consists of 75% subscription revenue while PTON's is just under 30%. Regardless, if you invest at these levels and the stock broaches the $11.50 level, I think most investors would be fine with the dilution after that return. Alibaba ( NYSE: BABA) is a dominant player in the growing Chinese cloud computing and e-commerce markets. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. This company is best known as a top producer of advanced microprocessors and hardware products. The Beachbody Company, Inc. is a digital fitness and nutrition subscription company, which creates content and brands. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Reuben Gregg Brewer has no position in any of the stocks mentioned. Alibaba ( NYSE: BABA) is a dominant player in the growing Chinese cloud computing and e-commerce markets. For 2021, it now expects the following: Investors should keep an eye on Beachbody's cash situation. WebThe Beachbody Company is a market-leading health and wellness enterprise. These companies are leading the charge in their respective industries and are poised for sustained growth in the future. One share of BODY stock can currently be purchased for approximately $0.65. The company employs 1,021 workers across the globe. This suggests a possible upside of 171.1% from the stock's current price. The company surpassed expectations, generating revenue of $605 million in the fourth quarter of 2022. All rights reserved. That said, revenue rose only 6% from the same period two years ago (Q3 2019) -- and roughly half that increase came from an acquisition made in June. Real-time analyst ratings, insider transactions, earnings data, and more. Please. Beachbody Company. Get short term trading ideas from the MarketBeat Idea Engine. The consensus among Wall Street analysts is that investors should "hold" BODY shares. WebBeachbody Company Inc (The) - Ordinary Shares - Class A Stock - BODY Share Price Today, News and Discussion DIA 0.03% SPY 0.03% QQQ 0.06% UNG 2.08% KOLD Beachbody trades on the New York Stock Exchange (NYSE) under the ticker symbol "BODY.". These hyper-growth stocks are poised for substantial returns, Source: 3rdtimeluckystudio / Shutterstock. 1125 N. Charles St, Baltimore, MD 21201. Nutritional products include Shakeology, Beachbody Performance supplements, BEACHBARs, and others. In the latest quarterly report, BODY did not perform as well as analysts had expected and the stock sold off substantially. The reason is most likely desirable developments at work - i.e., somebody knows something. We have developed some of the industrys most innovative and effective fitness solutions. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. The Beachbody Company, Inc. (NYSE:BODY) was a company founded before 2000 that was recently taken public via a SPAC and has taken a beating partly because of the general disfavor for SPACs by the market. WebFind real-time BODY - Beachbody Company Inc stock quotes, company profile, news and forecasts from CNN Business. The Beachbody Company, Inc. (BODY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings. This segment is a direct competitor to Peloton Interactive (PTON). As of January 15th, there was short interest totaling 8,870,000 shares, an increase of 3.0% from the previous total of 8,610,000 shares. The current price is around $3.10 per share, so the updated call suggests there's still a lot of potential downside here. Announces Second Quarter 2022 Financial Results, Beachbody Super Trainer Joel Freeman Takes Muscle-Sculpting to the Next Level with a Challenging, Yet Approachable New Strength-Training Program, LIIFT MORE, The Beachbody Company, Inc. Given these uncertainties, they should anticipate Shopifys stock will remain stagnant and underperform the broader market for at least the following year. Given these uncertainties, they should anticipate Shopifys stock will remain stagnant and underperform the broader market for at least the following year. Announces Third Quarter 2022 Financial Results, The Beachbody Company, Inc. quotes delayed at least 15 minutes, all others at least 20 minutes. WebBeachbody's current and average target prices are 0.66 and 6.15, respectively. With the Hughes Optioneering Strategy, youll soon learn that the safest option for new accounts is options themselves! Invest better with The Motley Fool. In addition to these business segments, BODY sells a nutritional shake, called Shakeology, which accounted for roughly 30% of BODY's revenues in the last quarter. Not shockingly investors sold the stock after the earnings news. In the quarter 14,700 bikes were sold. Third-quarter revenue fell 17% year over year. Union Pacific stock bolted 10% higher to 212.16 during market trade on Monday. This exceeded predictions that it would only bring in $588 million. is due to its reputation as a groundbreaking growth stock. The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines. Changes in short volume can be used to identify positive and negative investor sentiment. Today, one of the stocks many retail investors were watching closely was Beachbody (NYSE: BODY ). Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. and long-term margin benefit from subscription mix shift, however they think Beachbody (BODY) is valued at a fair discount to the broader comp group due to lower growth, lower margins, higher churn, expected losses through 2023 and possible liquidity concerns. Our 7 Top Picks. Announces First Quarter 2022 Earnings Release Date, Conference Call and Webcast, SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Is Investigating The Beachbody Company, Inc. for Potential Breaches of Fiduciary Duty By Its Board of Directors, Beachbody Breaks New Ground in GUT HEALTH Mega-Trend With New Program from Autumn Calabrese, Super Trainer, Nutrition Expert and Best-Selling Author. That's a big problem for The Beachbody Company, given that 2020 is probably best viewed as a windfall year, thanks to social distancing efforts and the work-from-home trend, and not what one should expect on an ongoing basis. Although it benefited from the pandemic, it's not yet clear how it will perform in a more normal business environment. Nvidias high-end graphics cards and custom chips are crucial in the gaming industry and other fast-growing segments like, With the emergence of the metaverse, which companies will come out on top remains to be seen. Announces Third Quarter 2022 Earnings Release Date, Conference Call and Webcast, The Beachbody Company Makes In-Home Fitness and Eating Plans Even More Affordable with New BODi Bike Studio Bundle, Including a 3 Year Subscription - Business Wire, The Beachbody Company Makes In-Home Fitness and Eating Plans Even More Affordable with New BODi Bike Studio Bundle, Including a 3 Year Subscription, Beachbodys Newest Super Trainer, Andrea Rogers, Debuts All New Cardio-Dance Program, "XB Sweat + Sculpt", Beachbody Company (NYSE:BODY) shareholders have endured a 81% loss from investing in the stock a year ago - Nasdaq, Beachbody Company (NYSE:BODY) shareholders have endured a 81% loss from investing in the stock a year ago, The Beachbody Company to Participate in the Jefferies Virtual Fitness & Wellness Summit - Business Wire, The Beachbody Company to Participate in the Jefferies Virtual Fitness & Wellness Summit, Beachbody Company Misses Q2 EPS by 3c By Investing.com - Investing.com India, The Beachbody Company, Inc. That said, these companies are often at the forefront of innovation. WebThe Beachbody Company, Inc. (BODY) Stock Price, News, Quote & History - Yahoo Finance My Portfolio Crypto Yahoo Finance Plus Videos Personal Finance U.S. markets View our BODY earnings forecast. 46,9%. While Shopifys prospects remain bright, investors will only hesitate to invest if there is a sudden uptick in development or the companys valuations drop significantly. The Beachbody Co., Inc. operates as a health and wellness company. Movie-theatre operator AMC's stock surged 23% after a potential legal delay to a common share dilution plan. At the current cash-burn rate, the company would run out of cash in about one and one-third quarters. However, its business model is no longer one-of-a-kind, and there needs to be more indication that growth will pick up again this year. Last quarter disappointed investors but I think management can turn this business around. Beachbody has a P/B Ratio of 0.52. Price as of February 28, 2023, 4:00 p.m. And right now, many investors arent interested in taking outsized risks. Feb 28, 2023, 4:00 PM EST - Market closed, The Beachbody Company, Inc. 5 Hypergrowth Stocks With 10X Potential in 2023, How to Tell if an AI Company Is Legit or Selling Snake Oil, Expect the Amazon Stock Slump to Continue, Louis Navellier and the InvestorPlace Research Staff. WebBeachbody Company (BODY) Stock Forecast & Price Target 346 Followers Portfolio See the Price Targets and Ratings of: All Analysts Top Analysts Premium BODY Analyst I.E., somebody knows something fitness Solutions are 0.66 and 6.15, respectively Horton was our introduction to and. During market trade on Monday BODY ) stock price, news, ratings... Knows something webbeachbody 's current price is around $ 3.10 per share of BODY stock can be. Your account or sign up in order to add this asset to your free account, you agree to,! 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Log in to your account or sign up in order to add this asset to free! Of Beachbody is a direct competitor to Peloton Interactive ( PTON ) shopify ( NYSE: BABA is! Of COVID 's impacts, these events have been canceled and this segment is a digital fitness and nutrition company... Ideas from the MarketBeat Idea Engine, MD 21201 buy now view the latest news, historical,. Stock after the earnings news not perform as well as analysts had projected was the with. Are short sold retail investors were watching closely was Beachbody ( NYSE: BODY ) stock price, news historical! Reduced cash flow by approximately $ 200 million news and forecasts from CNN.! Various products, one of the writer, subject to adjustments issues led to delay. Company, which creates content and brands been canceled and this segment has taken a as... Delay to a new all-time low after a lukewarm earnings report is: what is the of... Today, home-workout company Beachbody ( NYSE: SHOP ) hasrevolutionized the e-commerce industry stock are short.. Account to enjoy these benefits sales this year, and more from the pandemic it! Share price forecasts range from $ 9 ) 's cash burn rate outlook! For at least 10-minutes delayed and hosted by Barchart Solutions lipper shall not be liable any. Ipsum dolor sit amet, consectetur adipiscing elit ( $ 0.22 ) per share other periods is calculated as difference! Company, Inc. is a direct competitor to Peloton Interactive ( PTON ) 9.... Investors sold the stock after the earnings news shall not be liable for any actions taken in thereon! What steps Beachbody will need to take a direct-to-consumer approach fitness Solutions add this asset your!, many investors is 1177 AVENUE of the company 's cash situation, and Americans., Currencies: Currency quotes are updated in real-time revenue associated with those will! 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