Beachbody (NASDAQ:BODI) Issues Quarterly Earnings Results

Beachbody (NASDAQ:BODI) released its quarterly earnings results on Tuesday. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.29, FiscalAI reports. Beachbody had a return on equity of 44.34% and a net margin of 5.68%. The business had revenue of $45.19 million during the quarter, compared to analysts’ expectations of $46.26 million.

Beachbody Price Performance

Shares of NASDAQ:BODI remained flat at $4.51 during trading on Tuesday. The stock had a trading volume of 69,310 shares, compared to its average volume of 47,641. The company has a market cap of $32.83 million, a PE ratio of 2.77 and a beta of 0.96. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.61 and a current ratio of 0.79. The stock has a 50 day moving average price of $4.78 and a two-hundred day moving average price of $8.92. Beachbody has a 1-year low of $4.01 and a 1-year high of $16.87.

Analysts Set New Price Targets

A number of research firms have recently commented on BODI. Canaccord Genuity Group lowered their target price on Beachbody from $19.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, October 30th. Roth Capital reaffirmed a “neutral” rating and set a $9.00 price target on shares of Beachbody in a research note on Tuesday, August 11th. Weiss Ratings lowered shares of Beachbody from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, October 6th. Finally, Wall Street Zen cut shares of Beachbody from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Beachbody has an average rating of “Hold” and an average price target of $13.33.

Beachbody Company Profile

Beachbody, operating under the BODi brand, is a digital fitness and wellness company that provides at-home workout programs, nutrition guidance and related products through online and mobile platforms. Its offerings are designed to support exercise, weight management and broader healthy-lifestyle goals. The company’s portfolio has included on-demand workout content led by professional trainers, personalized fitness and nutrition programs, meal-planning resources, supplements and other wellness products.