Beachbody (NASDAQ:BODI) Price Target Raised to $9.00

Beachbody (NASDAQ:BODI) had its price target increased by Canaccord Genuity Group from $7.00 to $9.00 in a research report report published on Tuesday,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

A number of other brokerages have also issued reports on BODI. Noble Financial initiated coverage on shares of Beachbody in a research report on Tuesday, October 28th. They set an “outperform” rating on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Beachbody in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Beachbody has a consensus rating of “Hold” and an average target price of $8.00.

Beachbody Stock Performance

Shares of NASDAQ BODI opened at $6.11 on Tuesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.65 and a quick ratio of 0.48. The firm has a market cap of $43.20 million, a price-to-earnings ratio of -0.98 and a beta of 1.23. The stock’s fifty day moving average price is $5.69 and its two-hundred day moving average price is $4.81. Beachbody has a one year low of $3.38 and a one year high of $8.71.

Beachbody (NASDAQ:BODI) last announced its earnings results on Monday, November 10th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.54) by $1.05. Beachbody had a negative net margin of 15.09% and a negative return on equity of 78.72%. The company had revenue of $59.89 million during the quarter, compared to analysts’ expectations of $55.15 million. Beachbody has set its Q4 2025 guidance at EPS. On average, equities analysts forecast that Beachbody will post -8.16 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Beachbody stock. Whetstone Capital Advisors LLC raised its position in shares of The Beachbody Company, Inc. (NASDAQ:BODI) by 78.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 335,562 shares of the company’s stock after purchasing an additional 147,466 shares during the period. Beachbody makes up approximately 1.1% of Whetstone Capital Advisors LLC’s investment portfolio, making the stock its 21st biggest position. Whetstone Capital Advisors LLC owned 4.80% of Beachbody worth $2,513,000 at the end of the most recent quarter. 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.