FY2024 EPS Estimates for Beachbody Decreased by Roth Capital

The Beachbody Company, Inc. (NYSE:BODI) – Stock analysts at Roth Capital reduced their FY2024 earnings estimates for Beachbody in a research note issued to investors on Thursday, November 14th. Roth Capital analyst G. Kelly now expects that the company will earn ($8.16) per share for the year, down from their prior estimate of ($6.84). The consensus estimate for Beachbody’s current full-year earnings is ($8.16) per share. Roth Capital also issued estimates for Beachbody’s Q4 2024 earnings at ($2.88) EPS, Q1 2025 earnings at ($1.08) EPS, Q2 2025 earnings at ($1.09) EPS, Q3 2025 earnings at ($1.23) EPS, Q4 2025 earnings at ($1.20) EPS and FY2025 earnings at ($4.60) EPS.

Separately, Roth Mkm restated a “buy” rating and set a $12.00 price target on shares of Beachbody in a research report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Beachbody has a consensus rating of “Moderate Buy” and an average price target of $12.00.

Beachbody Stock Performance

Beachbody stock opened at $6.26 on Monday. Beachbody has a 1-year low of $5.14 and a 1-year high of $13.45. The company has a current ratio of 0.64, a quick ratio of 0.54 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $43.29 million, a PE ratio of -0.40 and a beta of 1.12. The firm’s 50 day simple moving average is $6.38 and its 200 day simple moving average is $7.46.

Institutional Investors Weigh In On Beachbody

Institutional investors and hedge funds have recently bought and sold shares of the stock. Raine Capital LLC purchased a new stake in Beachbody during the third quarter valued at about $4,287,000. Whetstone Capital Advisors LLC bought a new position in shares of Beachbody during the 3rd quarter valued at about $1,071,000. MSA Advisors LLC bought a new position in shares of Beachbody during the 3rd quarter valued at about $668,000. Rockefeller Capital Management L.P. purchased a new position in shares of Beachbody during the 3rd quarter valued at about $625,000. Finally, Mill Creek Capital Advisors LLC bought a new stake in Beachbody in the 3rd quarter worth approximately $186,000. 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.