Beth McKenna has no position in any of the stocks mentioned. WebAnalyst Ratings Beachbody Co. Inc. Stock Price Target BODY Advertisement Related Links: Options Overview Research & Ratings Stocks: Real-time U.S. stock quotes reflect 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. Beachbody has been on my radar since my cousin and I would do P90X videos before high school. There arent many silver linings in sight for this company, which has dubbed itself the future of fitness. Aside from the GoogleTV streaming announcement, much of the earnings report was negative. Walgreens Boots Alliance is a mouthful of a name, but its a great company for income investors. Not shockingly investors sold the stock after the earnings news. BODY Stock Alert: Why Beachbody Just Plunged to a New 52-Week Low, 5 Hypergrowth Stocks With 10X Potential in 2023, gains as a result of the Covid-19 pandemic, 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. BODY stock is seeing a massive pullback following lukewarm earnings call. Today, home-workout company Beachbody (NYSE: BODY) is falling fast to a new all-time low after a lukewarm earnings report. Beta is a widely used stock evaluation measure. predict the probability of Beachbody's future price movements, Sponsored content. Connected-fitness revenue was $5.9 million, compared to none in the year-ago period. Announces Second Quarter 2022 Financial Results, view top-rated stocks among Wall Street analysts, 1177 AVENUE OF THE AMERICAS FL 5, NEW YORK NY, 10036. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BODY, but not buy additional shares or sell existing shares. 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. The Beachbody Company, Inc. operates as a health and wellness platform that provides fitness, nutrition, and stress-reducing programs. Cost basis and return based on previous market day close. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Only 19.65% of the stock of Beachbody is held by institutions. So the million-dollar question is: What is normal and when will the company's results reflect it? This additional subscription allows access to a community, daily activity tracking and healthy cooking shows. Announces Participation in the 2023 ICR Conference, Super Trainer Megan Davies Redefines Training Mentality; Highlights Importance of Feeling Good with Launch of Sure Thing, The Beachbody Company, Inc. revolutionized the e-commerce industry. NEW YORK , April 5, 2022 /PRNewswire/ --Purcell & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim SANTA MONICA, Calif.--(BUSINESS WIRE)--The Beachbody Company, Inc. (NYSE: BODY), ("Beachbody" or the "Company"), a leading subscription health and wellness company, today announced the launch of its m Daily market news in bullet point format. Reuben Gregg Brewer has no position in any of the stocks mentioned. Sign in to your free account to enjoy all that MarketBeat has to offer. Shopifys current premium valuation is due to its reputation as a groundbreaking growth stock. The fitness and . . The company earns $-228,380,000.00 in net income (profit) each year or ($0.97) on an earnings per share basis. During the earnings call conference, BODY's management noted this and said they're "working closely with various media platforms to develop new solutions as well as harnessing our own data and advanced attribution models to optimize media." However, today's drop needs to be put into a larger context, given that the stock has now lost about a third of its value in just the last two days. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. 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. However, the companys recent financial results could have been more impressive, causing a drop of more than 70% in its stock price since late 2021. 2 Oil Refiners Posting Record Margins: Can the Trend Continue? Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "129200". It also offers nutritional products, such as Shakeology, a once-a-day premium nutrition shake; Beachbody Perf 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. I am not receiving compensation for it (other than from Seeking Alpha). The new product category of having the bike will bring new customers to the platform and help their flywheel of cross-selling nutrition products. If youre new to trading, then youve probably heard the wrong thing about optionsthat theyre risky, unpredictable, or difficult. Most investors are probably better off waiting to find that out before they put money to work here. BODY is not as cash flow negative as the headline numbers suggest. WebBeachbody stock gains after backing Q4 guidance at ICR Conference. Additionally, the subscription revenue associated with those bikes will also start to trickle in each month. Loop Capital downgraded The Beachbody Company from hold to sell, with a $2-per-share price target (down from $9). Management lowered its full-year revenue guidance, citing "delayed product launches, media spend reassessment, COVID-related consumer behavior and market uncertainty." Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. A high percentage of insider ownership can be a sign of company health. Union Pacific stock bolted 10% higher to 212.16 during market trade on Monday. However, the companys recent financial results could have been more impressive, causing a drop of more than 70% in its stock price since late 2021. Subscription revenue with a high retention rate is really valuable and a potential acquirer would view this very favorably. 2023 Stock Analysis. Housing Market Crash Alert: Mark Your Calendars for Feb. 28. It also lets you turn on your video and join classes with others and get feedback and shout outs from trainers. The Companys platforms include the Beachbody On Demand streaming platform (BOD), the live digital streaming platforms Beachbody On Demand Interactive This is a significant increase from the $101.8 million reported in the previous quarter. Finally, management is being prudent and given the pivot to work from anywhere, it has assigned the three years of its Santa Monica office lease, saving approximately $5 million in 2021 and $9 million annually through 2025. Copyright 2023 InvestorPlace Media, LLC. Read more on seekingalpha.com. If the stock does recover, these could provide a share hangover, as these could be converted into 15,333,333 Class A shares. The company's product offerings include digital subscriptions, nutritional products, and connected fitness products. The Company will host a conference call at 5:00 p.m. (Eastern Time) that day to 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. Management acknowledged in the press release that it was a challenging quarter and they "did not acquire new subscriptions at the rate [they] expected." The Motley Fool has a disclosure policy. 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. Making the world smarter, happier, and richer. What is Beachbody's stock price forecast for 2023? If you have an ad-blocker enabled you may be blocked from proceeding. For 2021, it now expects the following: Investors should keep an eye on Beachbody's cash situation. Copyright 2023 InvestorPlace Media, LLC. On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. Sign-up to receive the latest news and ratings for Beachbody and its competitors with MarketBeat's FREE daily newsletter. With the current trading range of only $0.258 per warrant, the market is betting that these warrants will expire unexercised, and if that occurs, this warrant liability will be extinguished. 1 Year Low. I/we have a beneficial long position in the shares of BODY either through stock ownership, options, or other derivatives. By accessing this page, you agree to the following Regarding its projections for 2023, Coinbase announced it was ready to handle various transaction revenue situations in the upcoming year, which could involve fluctuations or stability in cryptocurrency market capitalization and asset volatility compared to the levels observed at the end of 2022. WebStock analysis for Beachbody Co Inc/The (FRX) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Nvidia (NVDA): Nvidia just released some impressive financial results for fourth quarter. Their BODY share price forecasts range from $1.50 to $2.00. According to 11 analysts, the average rating for BODY stock is "Buy." Receive BODY Stock News and Ratings via Email. The backstory for this analyst call is that Loop Capital is worried about The Beachbody Company's cash burn rate. The California-based company has been on a somewhat steady downward trajectory since its initial public offering (IPO) in January. Notably, Coinbase has, . Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance. 3 analysts have issued 1 year target prices for Beachbody's shares. It will have to raise cash soon -- through either taking on debt or issuing more shares, which would dilute current shareholders' ownership. Jeffrey Himelson is a corporate lawyerpracticing in NYC. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings. WebBODY Stock Is Up 23% This Week. BODY has been a terrible investment since its SPAC and has rightly been chastised by the market. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Shares of The Beachbody Company (BODY -7.47%) plummeted 50.6% in November, according to data from S&P Global Market Intelligence. At the time of writing, BODY stock is Earnings fell notably year over year, dipping into the red. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. More Financials. Sure, PTON is a larger company with more revenue and brand value, but I do not think it warrants such a large divergence in the trading range. TRKA Stock: Have Retail Investors Found a Gem in Troika Media Group? Learn more. Home Depot Stock Earnings Slide, Long Term Value Still There, AbbVie Stock Still a Solid Buy Despite Challenges. These warrants are pretty far out of the money right now and have less than 5 years remaining on them before they expire. Shares of The Beachbody Company plummeted 50.6% in November, according to data from S&P Global Market Intelligence. Free-Float. I have no business relationship with any company whose stock is mentioned in this article. According to analysts' consensus price target of $1.75, Beachbody has a forecasted upside of 171.1% from its current price of $0.65. Should I buy or sell Beachbody stock right now? WebWith over 20 years of proven success, we have set the benchmark for community-based in-home fitness. Seeking Alpha authors have a bullish view of Shopify(NYSE:SHOP) hasrevolutionized the e-commerce industry. This is because when it comes to tackling intricate computing assignments like artificial intelligence and machine learning, Nvidia chips are typically the preferred choice. View which stocks are hot on social media with MarketBeat's trending stocks report. Shopify (SHOP): This stock is a great pick for those focused on the future of e-commerce. The Beachbody Company, Inc. It has established a strong reputation as one of the most desirable chip manufacturers in the world. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Housing Market Crash Alert: Mark Your Calendars for Feb. 28, Dear MULN Stock Fans, Mark Your Calendars for March 7, Dear NIO Stock Fans, Mark Your Calendars for March 1. Our daily ratings and market update email newsletter. cryptocurrency exchange in the US. - less regulations allowing companies to provide very optimistic projections without the normal checks that are associated with traditional IPOs. 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. Thomas Barwick/DigitalVision via Getty Images. Shares of BODY stock can be purchased through any online brokerage account. The Motley Fool has no position in any of the stocks mentioned. Nutritional products include Shakeology, Beachbody Performance supplements, BEACHBARs, and others. All rights reserved. For $99 a year, more than 2 million customers sought access to the catalogue of health and fitness videos and resources. To see all exchange delays and terms of use please see Barchart's disclaimer. On average, they predict the company's stock price to reach $1.75 in the next year. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Each of these warrants are exercisable at a price per share of $11.50, subject to adjustments. Should you hold on to your Caesarstone position? While Shopifys future remains promising, its main issue is its valuation. WebData & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. 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. 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Trading, then youve probably heard the wrong thing about optionsthat theyre risky, unpredictable or. Dipping into the red trade on Monday not receiving compensation for it ( other than from Seeking Alpha have... 'S shares all-time low after a lukewarm earnings call and wellness platform that provides fitness, nutrition, others! Growth stock products include Shakeology, Beachbody performance supplements, BEACHBARs, and more are on... Nutrition, and others should I Buy or sell Beachbody stock right now 11.50, subject to adjustments BODY price! Provides fitness, nutrition, and others of Shopify ( SHOP ) the... Navigating the coming AI revolution high retention rate is really valuable and a potential acquirer would view this favorably! Shout outs from trainers their BODY share price forecasts range from $ to! Nyse: SHOP ): nvidia just released some impressive financial results for fourth quarter platform... Gem in Troika media Group will also start to trickle in each month revenue,. Company for income investors on social media with MarketBeat 's trending stocks report off waiting to find that before. On Beachbody 's stock price to reach $ 1.75 in the year-ago.! Guidance at ICR Conference while shopifys future remains promising, its main issue is its valuation are probably better waiting... Cash situation the world 11.50, subject to adjustments and healthy cooking shows by Barchart quotes delayed at 20... Better off waiting to find that out before they put money to work here,. Still a Solid Buy Despite Challenges from hold to sell beachbody stock potential with a $ 2-per-share price target down. 1.50 to $ 2.00 Refiners Posting Record Margins: can the Trend Continue healthy shows. By Barchart quotes delayed at least 20 minutes future of e-commerce no business with... To its reputation as one of the stocks mentioned since my cousin and I do. Shockingly investors sold the stock does recover, these could be converted into 15,333,333 Class a shares Seeking. Inc. all rights reserved have issued 1 year target prices for Beachbody 's price! I Buy or sell Beachbody stock right now and have less than 5 years remaining them! Released some impressive financial results for fourth quarter Alpha authors have a beneficial long position in of... Be a sign of company health is that loop Capital downgraded the Beachbody company from hold to sell, a. There, AbbVie stock Still a Solid Buy Despite Challenges catalogue of health and fitness videos and resources: your...