Beachbody (NYSE:BODI) Downgraded to Hold Rating by Roth Capital

Roth Capital lowered shares of Beachbody (NYSE:BODI) from a strong-buy rating to a hold rating in a research note released on Tuesday morning,Zacks.com reports. Roth Capital also issued estimates for Beachbody’s FY2026 earnings at ($5.33) EPS.

Several other research analysts also recently weighed in on the company. Canaccord Genuity Group restated a “buy” rating and issued a $13.00 price target on shares of Beachbody in a research note on Friday, March 28th. Roth Mkm restated a “neutral” rating and set a $7.00 target price (down previously from $12.00) on shares of Beachbody in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $11.00.

Beachbody Stock Down 0.9 %

Shares of BODI stock opened at $7.42 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.64 and a quick ratio of 0.52. Beachbody has a one year low of $5.14 and a one year high of $10.80. The company’s fifty day moving average price is $7.35 and its 200-day moving average price is $6.71. The company has a market capitalization of $51.38 million, a price-to-earnings ratio of -0.47 and a beta of 1.13.

Beachbody (NYSE:BODI) last posted its quarterly earnings results on Thursday, March 27th. The company reported ($1.89) EPS for the quarter, beating analysts’ consensus estimates of ($2.88) by $0.99. The business had revenue of $86.37 million for the quarter, compared to analysts’ expectations of $81.71 million. Beachbody had a negative return on equity of 94.29% and a negative net margin of 22.62%. Sell-side analysts expect that Beachbody will post -8.16 EPS for the current fiscal year.

Institutional Trading of Beachbody

Hedge funds have recently modified their holdings of the company. Raine Group LLC purchased a new position in shares of Beachbody in the third quarter valued at $25,000. Summit Financial LLC purchased a new position in shares of Beachbody in the 4th quarter worth $104,000. Rockefeller Capital Management L.P. grew its stake in shares of Beachbody by 38.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 151,410 shares of the company’s stock worth $931,000 after buying an additional 42,079 shares in the last quarter. Finally, Raine Capital LLC bought a new stake in shares of Beachbody in the 3rd quarter worth about $4,287,000. 74.48% of the stock is owned by hedge funds and other institutional investors.

About Beachbody

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.