Canaccord Genuity Group Issues Positive Forecast for Beachbody (NASDAQ:BODI) Stock Price

Beachbody (NASDAQ:BODI) had its price objective increased by stock analysts at Canaccord Genuity Group from $7.00 to $9.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 43.79% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Noble Financial started coverage on Beachbody in a report on Tuesday, October 28th. They issued an “outperform” rating for the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Beachbody in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $8.00.

Beachbody Price Performance

Shares of Beachbody stock traded up $1.24 during trading on Tuesday, hitting $6.26. The stock had a trading volume of 9,507,093 shares, compared to its average volume of 71,265. The business’s 50-day moving average is $5.66 and its 200 day moving average is $4.78. The firm has a market cap of $44.25 million, a price-to-earnings ratio of -0.74 and a beta of 1.23. The company has a current ratio of 0.60, a quick ratio of 0.48 and a debt-to-equity ratio of 1.16. Beachbody has a 12 month low of $3.38 and a 12 month high of $8.71.

Beachbody (NASDAQ:BODI) last released its earnings results on Monday, November 10th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.90. The company had revenue of $59.89 million during the quarter, compared to the consensus estimate of $55.15 million. Beachbody had a negative return on equity of 106.08% and a negative net margin of 17.92%. Beachbody has set its Q4 2025 guidance at EPS. As a group, sell-side analysts anticipate that Beachbody will post -8.16 earnings per share for the current year.

Hedge Funds Weigh In On Beachbody

A hedge fund recently raised its stake in Beachbody stock. Whetstone Capital Advisors LLC increased its holdings in shares of The Beachbody Company, Inc. (NASDAQ:BODI) by 78.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 335,562 shares of the company’s stock after purchasing an additional 147,466 shares during the quarter. Beachbody makes up 1.1% of Whetstone Capital Advisors LLC’s portfolio, making the stock its 21st biggest holding. Whetstone Capital Advisors LLC owned approximately 4.80% of Beachbody worth $2,513,000 as of its most recent SEC filing. 74.48% of the stock is currently owned by hedge funds and other 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.