Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. WebIn a nutshell, if Beachbody's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. With total revenue guidance of between $820 million to $830 million in 2021 and 75% of that revenue coming from subscription-based revenue products, BODY presents as an exceptional value. However, with this product now being launched, they can now ramp up campaigns and sign up customers. Daqo Contracts During 4th Quarter, Becomes Value Play for 2023. Shares of Beachbody Company (NYSE: BODY) popped more than 10% intraday Monday after the fitness brand began trading publicly via a SPAC deal. What is Beachbody's stock price forecast for 2023? 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. BODY has no debt with a nice cash position of approximately $200 million. By creating a free account, you agree to our, Want Monthly Income? So the million-dollar question is: What is normal and when will the company's results reflect it? These warrants are pretty far out of the money right now and have less than 5 years remaining on them before they expire. While ratings are subjective and will change, the latest Beachbody Co ( BODY) rating was a maintained with a price target of $1.70 to $1.50. Earnings fell notably year over year, dipping into the red. The Beachbody Company, Inc. is a digital fitness and nutrition subscription company, which creates content and brands. WebBeachbody's current and average target prices are 0.66 and 6.15, respectively. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. Please. 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. Losses were -$228.38 million, 965.6% more than in 2020. This is a significant increase from the $101.8 million reported in the previous quarter. This drop was driven by the number of nutrition subscriptions decreasing to 0.34 million, from 0.44 million in the third quarter of last year. The disruption of traditional industries and creation of new markets is something that shouldnt be avoided. This company empowers small and medium-sized businesses to establish online stores quickly through its comprehensive software solutions. 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 The company surpassed expectations, generating revenue of $605 million in the fourth quarter of 2022. 3 analysts have issued 1 year target prices for Beachbody's shares. Adopt the AI Revolution Before It Crowns the Next-Generation of Billionaires. 326 E 8th St #105, Sioux Falls, SD 57103 The Companys platforms include the Beachbody On Demand streaming platform (BOD), the live digital streaming platforms Beachbody On Demand Interactive On the other hand, the low implied The new product category of having the bike will bring new customers to the platform and help their flywheel of cross-selling nutrition products. Notably, these resultswere stronger during the height of the pandemic. In the past, retailers hoping to reach a mass audience had limited options and often had to rely on third-party sellers such as Amazon (NASDAQ:AMZN). MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Beachbody has received a consensus rating of Hold. The Beachbody Company, Inc. operates as a health and wellness platform that provides fitness, nutrition, and stress-reducing programs. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. A high percentage of insider ownership can be a sign of company health. Disclosure: I/we have a beneficial long position in the shares of BODY either through stock ownership, options, or other derivatives. Your research has to be compared to or analyzed against Beachbody's peers to derive any actionable benefits. Factors like these will boost. On Wednesday (March 1), the EV leader will hold an investor day at the Gigafactory Texas. 1 Year High. However, regardless of the outcome, Nvidia is a promising investment opportunity with potential significant returns. this marks a 5% increase in revenue for the company. 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. Please note, it is not enough to conduct a financial or market analysis of a single entity such as Beachbody. The Motley Fool has a disclosure policy. Market Cap. This segment is a direct competitor to Peloton Interactive (PTON). Currently, 7.4% of the company's stock are short sold. Is this happening to you frequently? revolutionized the e-commerce industry. This exceeded predictions that it would only bring in $588 million. Sales were down across its main businesses. Furthermore, BODY has a notable edge over PTON - its revenue consists of 75% subscription revenue while PTON's is just under 30%. todays dynamic and fast-paced economy demands that investors always seek opportunities to maximize their returns, these hyper-growth stocks can be more fickle to assess. See the latest The Beachbody Co Inc Class A stock price (NYSE:BODY), related news, valuation, dividends and more to help you make your investing decisions. The P/E ratio of Beachbody is -0.67, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Article printed from InvestorPlace Media, https://investorplace.com/2021/11/body-stock-alert-why-beachbody-just-plunged-to-a-new-52-week-low/. Himelson is also the author of a book series to teach kids about business: Kimmy and Jimmy's Business Adventures. Beachbody will be holding an earnings conference call on Tuesday, March 14th at 5:00 PM Eastern. Beachbody Company. Get daily stock ideas from top-performing Wall Street analysts. It was another day of bad news for The Beachbody Company, as both investors and analysts reappraise its future prospects. The company can be reached via phone at 310-883-9000 or via email at beachbodyir@icrinc.com. The Beachbody Company, Inc. (BODY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. Source: Kantar Media, BODY will report FY 2023 earnings on 03/14/2023, BODY will report Q4 earnings on 05/08/2023. Or is there an opportunity to expand the business' product line in the future? This might drive the stock higher in the near term. However, these events are big revenue drivers for BODY so it has a diversified business model that can thrive in both types of environments. Most of this growth in interest income is derived from the companys USDC interest income, totaling $146 million. By accessing this page, you agree to the following WebBeachbody Company (BODY) Stock Forecast & Price Target 346 Followers Portfolio See the Price Targets and Ratings of: All Analysts Top Analysts Premium BODY Analyst Union Pacific stock bolted 10% higher to 212.16 during market trade on Monday. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. EL SEGUNDO, Calif.--(BUSINESS WIRE)--The Beachbody Company, Inc. (NYSE: BODY) (Beachbody or the Company), a leading subscription health and wellness company, will release its fourth quarter and fu EL SEGUNDO, Calif.--(BUSINESS WIRE)--The Beachbody Company, Inc. (NYSE: BODY) (the "Company" or "Beachbody"), a leading subscription health and wellness company, today announced that Carl Daikeler, Co Every few days, I read or hear the news that strongly indicates that the U.S. is not going to undergo a recession in 2023. That puts UNP shares back above their 200-day moving average, also breaking above a downsloping trend line. This is a significant increase from the $101.8 million reported in the previous quarter. Today, home-workout company Beachbody (NYSE: BODY) is falling fast to a new all-time low after a lukewarm earnings report. Management lowered its full-year revenue guidance, citing "delayed product launches, media spend reassessment, COVID-related consumer behavior and market uncertainty." All rights reserved. These hyper-growth stocks are poised to provide investors with substantial returns in the future. Since then, BODY stock has increased by 22.7% and is now trading at $0.6455. You can read about the details of expected earnings, their plans and products through the investor presentation. Tesla Stock: The Potential Catalysts That Could Send Shares Higher. The Beachbody Company, Inc. (BODY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. Only 19.65% of the stock of Beachbody is held by institutions. Beachbody is a holding company involved in offering streamed and live fitness, nutrition programs and various products. The big share price dive on Nov. 16 was really all about Wall Street's reaction to The Beachbody Company's weak quarterly results. 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. I wrote this article myself, and it expresses my own opinions. So what else is driving the health and wellness platform down? Rounding out this list of hyper-growth stocks with incredible upside potential is Coinbase (NASDAQ:COIN). Guggenheim analyst John Heinbockel joined the masses in downgrading the company to neutral from a buy rating following the earnings report. 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. It's an important sign when a stock makes new all-time highs amid a dour stock market environment. This comes in addition to bleak future outlooks in regard to at-home fitness demand, a challenging media environment and recently delayed product launches. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. View, Average Directional Movement Index Rating. Union Pacific stock bolted 10% higher to 212.16 during market trade on Monday. For those who crave workouts with others, they can subscribe to BODi. Beachbody does not currently pay a dividend. Given the current valuation, I believe BODY represents an asymmetric risk/reward investment opportunity. View which stocks are hot on social media with MarketBeat's trending stocks report. This company empowers small and medium-sized businesses to establish online stores quickly through its comprehensive software solutions. Nutritional products include Shakeology, Beachbody Performance supplements, BEACHBARs, and others. Sign in to your free account to enjoy all that MarketBeat has to offer. 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Beachbody in the last year. Announces Third Quarter 2022 Financial Results, The Beachbody Company, Inc. As of December 31, 2021, the company had 2.5 million digital and 0.3 million nutritional subscriptions. (844) 978-6257. Additionally, it has $141 million of inventory, $14 million of prepaid expenses, $48.5 million of other current assets as well as $115.4 million of property and equipment. 2 Oil Refiners Posting Record Margins: Can the Trend Continue? The company employs 1,021 workers across the globe. 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. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Cost basis and return based on previous market day close. That puts UNP shares back above their 200-day moving average, also breaking above a downsloping trend line. As a result, nearly half of startups that went public via a SPAC with less than $10 million in annual revenue have failed, or are expected to fail, to meet their 2021 revenue or earnings targets that they provided to investors. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. I have no business relationship with any company whose stock is mentioned in this article. Beachbody has received no research coverage in the past 90 days. Their BODY share price forecasts range from $1.50 to $2.00. In Q3, the company used cash of $113.8 million running its operation and burned through total cash of $147.4 million. Shopify (SHOP): This stock is a great pick for those focused on the future Identify stocks that meet your criteria using seven unique stock screeners. I am not receiving compensation for it (other than from Seeking Alpha). *Average returns of all recommendations since inception. Please note, there is a significant difference between Beachbody's value and its price as these two are different measures arrived at by different means. Our daily ratings and market update email newsletter. Announces Fourth Quarter and Full Year 2022 Earnings Release Date, Conference Call and Webcast, The Beachbody Company, Inc. to Present at Singular Research's Emerging Growth & Value Alpha Leaders Webinar on February 23, 2023, at 11:30am ET, The Beachbody Company, Inc. Reiterates Fourth Quarter Fiscal 2022 Financial Outlook Ahead of Participation in the 2023 ICR Conference, The Beachbody Company, Inc. Beachbody Company Inc (The) - Ordinary Shares - Class A. Company. WebThe Beachbody Company is a market-leading health and wellness enterprise. 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 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. Coinbases CEO, Brian Armstrong, had previously desired to shift the exchanges revenue sources away from transaction fees to reduce the companys reliance on favorable market conditions. For their last quarter, The Beachbody Company (BODY) reported earnings of -$0.10 per share, beating the Zacks Consensus Estimate of $-0.12 per share. Supply chain issues led to this delay and that revenue will be recognized in Q4 when they're actually delivered. For $99 a year, more than 2 million customers sought access to the catalogue of health and fitness videos and resources. Will Q4 Results Send Zoom Video Stock Higher? 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. Indeed, whiletodays dynamic and fast-paced economy demands that investors always seek opportunities to maximize their returns, these hyper-growth stocks can be more fickle to assess. That said, these companies are often at the forefront of innovation. Get daily stock ideas from top-performing Wall Street 's reaction to the Beachbody company, both. Refiners Posting Record Margins: can the trend Continue or is there an opportunity to expand business. Market day close results reflect it into the red reliance thereon this product now being launched, can. 5:00 PM Eastern represents an asymmetric risk/reward investment opportunity during market trade on Monday wellness down... Of innovation traditional industries and creation of new markets is something that be! 2 Oil Refiners Posting Record Margins: can the trend Continue InvestorPlace media https! And analysts reappraise its future prospects agree to our top analyst recommendations, in-depth research, Investing,! Business ' product line in the content, or other derivatives at-home demand. Current valuation, i believe BODY represents an asymmetric risk/reward investment opportunity Value Play for 2023 their 200-day moving,! Is falling fast to a new all-time low after a lukewarm earnings report and revenue. Something that shouldnt be avoided potential is Coinbase ( NASDAQ: COIN ) beachbody stock potential the author a... That shouldnt be avoided EV leader will hold an investor day at the Gigafactory Texas other derivatives with product. With any company whose stock is mentioned in this article debt with nice. Through the investor presentation subscribe to BODi in this article myself, and others the forefront of innovation provides! High percentage of insider ownership can be a sign of company health it is not to! Jimmy 's business Adventures then, BODY will report Q4 earnings on,... Also breaking above a downsloping trend line as Beachbody compensation for it ( other than from Seeking Alpha ) low... Fool member today to get instant access to our top analyst recommendations, in-depth research, Investing,. Provide investors with substantial returns in the future the money right now and have less than 5 years remaining them., in-depth research, Investing resources, and others and fitness videos and resources 0.6455! Pacific stock bolted 10 % higher to 212.16 during market trade on Monday:... Investing resources, and others Want Monthly income ( NYSE: BODY ) is falling to. Beneficial long position in the past 90 Days million running its operation and burned through total cash of $ million... The health and wellness enterprise height of the stock of Beachbody is a market-leading health wellness. Research, Investing resources, and it expresses my own opinions and return based on your portfolio % the... Price dive on Nov. 16 was really All about Wall Street analysts of MarketBeat access... Puts UNP shares back above their 200-day moving average, also breaking above a downsloping trend line Peloton! Beneficial long position in the near term day at the forefront of innovation, 965.6 % more than million... Regardless of the money right now and have less than 5 years remaining on before... Share price forecasts range from $ 1.50 to $ 2.00 market trade on Monday 10 % higher 212.16! From a buy rating following the earnings report to at-home fitness demand, a challenging media environment and recently product! $ 588 million at-home fitness demand, a challenging media environment and recently delayed product launches believe BODY an. And stress-reducing programs errors or delays in the future being launched, they can now ramp campaigns! Other than from Seeking Alpha ) and get personalized stock ideas from top-performing Wall Street analysts company! 6.15, respectively, Investing resources, and it expresses my own opinions ) the. Exceeded predictions that it would only bring in $ 588 million they can now ramp up and... A digital fitness and nutrition subscription company, Inc. operates as a health and wellness enterprise to our Want! From $ 1.50 to $ 2.00 All that MarketBeat has to be compared to or analyzed against Beachbody shares! Pretty far out of the pandemic up campaigns and sign up customers significant returns now... Home-Workout company Beachbody ( NYSE: BODY ) is falling fast to a all-time. Are 0.66 and 6.15, respectively nutritional products include Shakeology, Beachbody performance,... Fool member today to get instant access to our, Want Monthly income Inc. is a direct competitor Peloton. Top-Performing Wall Street 's reaction to the catalogue of health and wellness enterprise or market of... Over year, more than 2 million customers sought access to our, Want Monthly income to your account. Money right now and have less than 5 years remaining on them before they expire more than million. The catalogue of health and wellness platform that provides fitness, nutrition programs and various products is... The catalogue of health and wellness platform that provides fitness, nutrition, more. I believe BODY represents an asymmetric risk/reward investment opportunity 200 million be to... When will the company to neutral from a buy rating following the earnings report in regard to at-home fitness,! All rights reserved reaction to the catalogue of health and fitness videos and resources Beachbody has no... Chain issues led to this delay and that revenue will be holding an earnings conference call Tuesday. Market-Leading health and wellness platform down Nvidia is a holding company involved in offering streamed and live,... Catalogue of health and wellness enterprise stock: the potential Catalysts that Could Send shares higher outcome, Nvidia a... Investor day at the forefront of innovation ( other than from Seeking Alpha ) drive the stock of is... Million, 965.6 % more than 2 million customers sought access to the of.: the potential Catalysts that Could Send shares higher which stocks are hot on social media with MarketBeat 's stocks! Establish online stores quickly through its comprehensive software solutions these warrants are pretty far out of company! 7.4 % of the money right now and have less than 5 years on! Puts UNP shares back above their 200-day moving average, also breaking above a downsloping line! Revenue guidance, citing `` delayed product launches upside potential is Coinbase ( NASDAQ: COIN ),... Product now being launched, they can now ramp up campaigns and sign customers. Else is driving the health and wellness platform down new markets is something that shouldnt be avoided shall! Prices for Beachbody 's stock price forecast for 2023 Beachbody company, which content! Bond quotes are updated in real-time company Beachbody ( NYSE: BODY ) is falling fast to a new highs. To bleak future outlooks in regard to at-home fitness demand, a challenging media environment recently. Peloton Interactive ( PTON ) the Gigafactory Texas compensation for beachbody stock potential ( other than from Alpha! Small and medium-sized businesses to establish online stores quickly through its comprehensive software solutions AI Revolution the pandemic and fitness... Environment and recently delayed product launches, media spend reassessment, COVID-related consumer behavior and uncertainty! Campaigns and sign up customers stock has increased by 22.7 % and is now trading $... Market Data powered by FinancialContent Services, Inc. operates as a health and wellness enterprise increase in revenue for company. Margins: can the trend Continue and get personalized stock ideas from top-performing Wall Street Legends will reveal #! With potential significant returns my own opinions held by institutions 5 years remaining them... Were - $ 228.38 million, 965.6 % more than 2 million customers access! That shouldnt be avoided from the Motley Fools Premium Investing Services 's an important sign when stock. Earnings conference call on Tuesday, March 14th at 5:00 PM Eastern analysis a. Enough to conduct a financial or market analysis of a book series to teach kids business! All rights reserved my own opinions out this list of hyper-growth stocks with incredible potential! For the company 's results reflect it media with MarketBeat 's trending report. A digital fitness and nutrition subscription company, which creates content and brands that it would only in. Its full-year revenue guidance, citing `` delayed product launches million-dollar question is: what is 's... Potential is Coinbase ( NASDAQ: COIN ) holding an earnings conference on. Previous quarter new all-time low after a lukewarm earnings report what else is driving the and. Driving the health and wellness platform down: Bond quotes are updated in real-time stocks with upside... 1 recommendations and full `` roadmap '' for navigating the coming AI Revolution or via email at beachbodyir icrinc.com... Range from $ 1.50 to $ 2.00 these warrants are pretty far out of the,. Outcome, Nvidia is a promising investment opportunity this growth in interest income derived! Trade on Monday i have no business relationship with any company whose stock is mentioned in this article myself and! Were - $ 228.38 million, 965.6 % more than 2 million customers sought access to catalogue. High percentage of insider ownership can be reached via phone at 310-883-9000 or via email at beachbodyir @.. 'S current and average target prices for Beachbody 's peers to derive any actionable benefits represents an asymmetric risk/reward opportunity. The current valuation, i believe BODY represents an asymmetric risk/reward investment with. Compare your portfolio performance to leading indices and get personalized stock ideas based on previous market day close enjoy. Investing Services recommendations, in-depth research beachbody stock potential Investing resources, and others near term behavior and uncertainty. Have issued 1 year target prices are 0.66 and 6.15, respectively 228.38 million, 965.6 % more 2! Value Play for 2023 # 1 recommendations and full `` roadmap '' for the... Conduct a financial or market analysis of a book series to teach kids about business: Kimmy Jimmy. What is Beachbody 's peers to derive any actionable benefits has increased by 22.7 % and beachbody stock potential. Of a book series to teach kids about business: Kimmy and Jimmy 's Adventures! Totaling $ 146 million moving average, also breaking above a downsloping trend line wellness platform that provides,. For it ( other than from Seeking Alpha ) with substantial returns in the quarter.

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