Notably, these resultswere stronger during the height of the pandemic. Management lowered its full-year revenue guidance, citing "delayed product launches, media spend reassessment, COVID-related consumer behavior and market uncertainty." Himelson is also the author of a book series to teach kids about business: Kimmy and Jimmy's Business Adventures. Cost basis and return based on previous market day close. The subscriptions are renewed on a monthly, quarterly, or annual basis and include unlimited access to a library of live and on-demand fitness and nutrition content. Shares of The Beachbody Company (BODY -7.47%) plummeted 50.6% in November, according to data from S&P Global Market Intelligence. WebThe Beachbody Company, Inc. (BODY) Stock Price, News, Quote & History - Yahoo Finance My Portfolio Crypto Yahoo Finance Plus Videos Personal Finance U.S. markets Because of COVID's impacts, these events have been canceled and this segment has taken a hit as a result. Should I buy or sell Beachbody stock right now? Factors like these will boost. When comparing BODY to its most direct competitor, PTON, BODY is trading at roughly 1/4th of its price-to-sales ratio. Union Pacific stock bolted 10% higher to 212.16 during market trade on Monday. WebThe Beachbody Company, Inc. (BODY) Latest Stock News & Headlines - Yahoo Finance U.S. markets closed Dow 30 Nasdaq +109.30(+0.95%) Russell 2000 +8.39(+0.44%) Net loss was $0.13 per share, down from earnings per share of $0.05 in the year-ago period. Beachbody Company. I am not receiving compensation for it (other than from Seeking Alpha). WebView the latest Beachbody Co. Inc. (BODY) stock price, news, historical charts, analyst ratings and financial information from WSJ. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. If you have an ad-blocker enabled you may be blocked from proceeding. Compare Top Brokerages Here. Beachbody does not have a long track record of dividend growth. Home Depot Stock Earnings Slide, Long Term Value Still There, AbbVie Stock Still a Solid Buy Despite Challenges. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. The Beachbody Company Inc. (NYSE:BODY) reiterated its prior Q4 guidance as part of a presentation at the ICR Conference on Monday. Engagement was down from 2020, with total streams declining 26% to 35.9 million, but this number was 35% higher than in the two-years-ago period. Their BODY share price forecasts range from $1.50 to $2.00. Copyright FactSet Research Systems Inc. All rights reserved. Source: Beyond The Scene / Shutterstock.com, 3 Hyper-Growth Stocks With Incredible Upside Potential. Revenue between $820 million and $830 million, down from the prior outlook of $930 million to $960 million. Data may be intentionally delayed pursuant to supplier requirements. There arent many silver linings in sight for this company, which has dubbed itself the future of fitness. Aside from the GoogleTV streaming announcement, much of the earnings report was negative. I have no business relationship with any company whose stock is mentioned in this article. The previous year, the company posted a record-setting quarter with revenue of $7.64 billion, $3 billion of which was pure profit. AMC stock surged 23% on These results have clouded the entire SPAC sector and companies that have been taken public via a SPAC have been beaten down by Wall Street. That's a big problem for The Beachbody Company, given that 2020 is probably best viewed as a windfall year, thanks to social distancing efforts and the work-from-home trend, and not what one should expect on an ongoing basis. In the quarter 14,700 bikes were sold. Sign in to your free account to enjoy all that MarketBeat has to offer. 1125 N. Charles St, Baltimore, MD 21201. Finally, it is worth mentioning that BODY has approximately $20 million of warrant liabilities on their balance sheet, which are from its SPAC transaction. The company was founded more than 24 years ago and has evolved greatly since then. How can I listen to Beachbody's earnings call? Nvidias high-end graphics cards and custom chips are crucial in the gaming industry and other fast-growing segments like artificial intelligence and cryptocurrency mining. Furthermore, BODY has a notable edge over PTON - its revenue consists of 75% subscription revenue while PTON's is just under 30%. Receive BODY Stock News and Ratings via Email. During the earnings call conference, BODY's management noted this and said they're "working closely with various media platforms to develop new solutions as well as harnessing our own data and advanced attribution models to optimize media." After taking a break from its big year-to-date rally, Tesla ( NASDAQ:TSLA) shares have resumed their upward trajectory and there is an upcoming catalyst that could sustain the uptick. Beachbody is a holding company involved in offering streamed and live fitness, nutrition programs and various products. Lorem ipsum dolor sit amet, consectetur adipiscing elit. This company empowers small and medium-sized businesses to establish online stores quickly through its comprehensive software solutions. The reason is most likely desirable developments at work - i.e., somebody knows something. At its, of $40 per share, the company has an enterprise value of $51.6 billion, or eight times the projected revenue for 2023. This suggests a possible upside of Additionally, when in-person events start happening again, this will improve nutrition product sales as well. Our daily ratings and market update email newsletter. It also offers nutritional products, such as Shakeology, a once-a-day premium nutrition shake; Beachbody Performance supplements comprising pre-workout Energize, Hydrate, post-workout Recover, and protein supplement Recharge products; BEACHBARs low sugar, snack bars; and connected fitness equipment that include bikes and accessories. Today, home-workout company Beachbody (NYSE: BODY) is falling fast to a new all-time low after a lukewarm earnings report. If you have an ad-blocker enabled you may be blocked from proceeding. BODY has surely had its own missteps but I believe BODY has been pushed further down because of this general negative sentiment to all SPACs currently. Only 19.65% of the stock of Beachbody is held by institutions. Real-time analyst ratings, insider transactions, earnings data, and more. On average, they predict the company's stock price to reach $1.75 in the next year. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Connected fitness products include The Beachbody Bike (also known as Myx), which is equipped with a swivel touch screen that enables users to engage with content beyond the indoor cycling experience and encourages broader cross-training, incorporating resistance training and yoga for a more holistic fitness experience and healthier results. Coinbases CEO, Brian Armstrong, had. Announces Second Quarter 2022 Financial Results, Beachbody Super Trainer Joel Freeman Takes Muscle-Sculpting to the Next Level with a Challenging, Yet Approachable New Strength-Training Program, LIIFT MORE, The Beachbody Company, Inc. (844) 978-6257. This is because when it comes to tackling intricate computing assignments like artificial intelligence and machine learning, Nvidia chips are typically the preferred choice. were stronger during the height of the pandemic. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Announces Fourth Quarter and Full Year 2022 Earnings Release Date, Conference Call and Webcast. WebStock analysis for Beachbody Co Inc/The (FRX) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Stock price as of Feb. 24, 2023: $35.80. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Walgreens Boots Alliance is a mouthful of a name, but its a great company for income investors. How Long Can Wingstop Stock Continue to Defy Gravity? Beachbody was taken public last year via a SPAC and has dropped precipitously since its initial listing. A price objective of $2.40 is set on Beachbody Company (BODY). If we look at stock returns, both have seen strong growth, with Merck rising 43% and Eli Lillys 29% in the last twelve months, significantly outperforming the broader 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. 3 brokers have issued 1-year price objectives for Beachbody's shares. Unfortunately for the company, as the pandemic dwindles down, so too is much of Beachbodys clientele. 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. Given these uncertainties, they should anticipate Shopifys stock will remain stagnant and underperform the broader market for at least the following year. There are a total of 15,333,333 warrants outstanding that could be converted into Class A common stock if exercised. Jeffrey Himelson is a corporate lawyerpracticing in NYC. The current price is around $3.10 per share, so Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. View the best growth stocks for 2023 here. Most investors are probably better off waiting to find that out before they put money to work here. All rights reserved. : This stock is a great pick for those focused on the future of e-commerce. Thats because while these companies have higher growth rates than the market, they also carry higher risk. However, it wasn't just investors who were rethinking The Beachbody Company's prospects. Amanda Krause/Insider. I/we have a beneficial long position in the shares of BODY either through stock ownership, options, or other derivatives. All rights reserved. Last quarter disappointed investors but I think management can turn this business around. 5 Hypergrowth Stocks With 10X Potential in 2023, 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. stock was originally listed at a price of $10.20 in Nov 25, 2020. Since then, BODY stock has increased by 22.7% and is now trading at $0.6455. The Companys platforms include the Beachbody On Demand streaming platform (BOD), the live digital streaming platforms Beachbody On Demand Interactive Loop Capital downgraded The Beachbody Company from hold to sell, with a $2-per-share price target (down from $9). BODY has surely had its own missteps but I believe BODY has been pushed further down because of this general negative sentiment to all SPACs currently. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright Refinitiv. Management significantly lowered full-year revenue guidance. In addition to these business segments, BODY sells a nutritional shake, called Shakeology, which accounted for roughly 30% of BODY's revenues in the last quarter. Beth McKenna has no position in any of the stocks mentioned. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. And right now, many investors arent interested in taking outsized risks. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. The Beachbody 52-week low stock price is 0.50, which is 18% below the current share price. Finally, the companys full-year revenue was almost the same as the previous year, at $26.92 billion, but its profit was down substantially. 1125 N. Charles St, Baltimore, MD 21201. the exchanges revenue sources away from transaction fees to reduce the companys reliance on favorable market conditions. Currently, 7.4% of the company's stock are short sold. EL SEGUNDO, Calif., February 21, 2023--The Beachbody Company, Inc. (NYSE: BODY) ("Beachbody" or the "Company"), a leading subscription health and wellness company, will release its fourth quarter and full year Nvidia has recently released its financial results for the fourth quarter and full year. 1125 N. Charles St, Baltimore, MD 21201. Beachbody does not currently pay a dividend. That puts UNP shares back above their 200-day moving average, also breaking above a downsloping trend line. The predictive aspect of Beachbody often depends not only on the, When running Beachbody price analysis, check to, Get Piotroski F Score based on binary analysis strategy of nine different fundamentals, Compare the composition, asset allocations and performance of any two portfolios in your account, Find actively-traded funds from around the world traded on over 30 global exchanges, Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities, Use basic forecasting models to generate price predictions and determine price momentum, Determine theme ratings based on digital equity recommendations. cryptocurrency exchange in the US. Is this happening to you frequently? Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance. Learn More. This segment is a direct competitor to Peloton Interactive (PTON). 1 Year High. Digital subscriptions include Beachbody On Demand (BOD) and Openfit. Stock price as of Feb. 24, 2023: $35.80. It continued It is worth noting that many major companies from Facebook (FB), to Snapchat (SNAP) and PTON noted that Apple's (AAPL) iOS 14.5 changes proved challenging and increased their marketing costs while simultaneously making them less efficient. So what else is driving the health and wellness platform down? Beachbody will be holding an earnings conference call on Tuesday, March 14th at 5:00 PM Eastern. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. In September of 2020, Openfit acquired Ladder, a nutritional products company that was founded by LeBron James and Arnold Schwarzenegger. To make the world smarter, happier, and richer. View analysts price targets for BODY or view top-rated stocks among Wall Street analysts. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Nutrition and other revenue was the segment with the biggest decline, decreasing 29% compared to 2020 and 16% compared to 2019. However, regardless of the outcome, Nvidia is a promising investment opportunity with potential significant returns. BODY stock is seeing a massive pullback following lukewarm earnings call. its revenue consists of 75% subscription revenue while PTON's is just under 30%. WebThe Beachbody Company is a market-leading health and wellness enterprise. These results have clouded the entire SPAC sector and companies that have been taken public via a SPAC have been beaten down by Wall Street. That said, revenue rose only 6% from the same period two years ago (Q3 2019) -- and roughly half that increase came from an acquisition made in June. Since Beachbody went public on June 28 via a special acquisition purpose company (SPAC), its shares have plunged 80%, as of Dec. 6. WebThe weekly values shown in the chart below represent, for each rank level the potential weekly earnings from Team Cycle Bonus. Nvidia (NVDA): Nvidia just released some impressive financial results for fourth quarter. In contrast, Amazonvaluation is only two times its expected sales this year, and. Bank of America tagged Beachbody (BODY) with a Neutral rating, which is said to reflect the potential need of the company to raise capital to fund losses and a general preference for reopening stocks in the first half of the year. What Is the Best Tech Stock to Buy Now? On the date of publication, Shrey Dua did not have (either directly or indirectly) any positions in the securities mentioned in this article. Rounding out this list of hyper-growth stocks with incredible upside potential is Coinbase (NASDAQ:COIN). WebBeachbody Company Inc (The) - Ordinary Shares - Class A Stock - BODY Share Price Today, News and Discussion DIA 0.03% SPY 0.03% QQQ 0.06% UNG 2.08% KOLD On Nov. 16, Beachbody stock dropped nearly 21% following the company's release of its third-quarter results after the market close on the prior day. The Motley Fool has a disclosure policy. Changes in short volume can be used to identify positive and negative investor sentiment. ), which has been around since 1993, is one of the oldest hyper-growth stocks to make this list. The bottom-line picture was equally bad. VP of Bus. These hyper-growth stocks are poised to provide investors with substantial returns in the future. Announces Third Quarter 2022 Financial Results, Bullish insiders bet US$6.1m on The Beachbody Company, Inc. (NYSE:BODY), The Beachbody Company, Inc. And management lowered its full-year revenue guidance, as customers don't appear to be using its service as much as they were during the pandemic. WebThe unaudited condensed combined pro forma financial statements reflect actual redemptions of 8,383,485 shares of Class A common stock at $10.00 per share (based on the marketable securities held in the trust account of approximately $300.0 million). Earnings Slide, long Term Value Still there, AbbVie stock Still a Buy! Price of $ 2.40 is set on Beachbody company is a direct competitor, PTON, stock. But its a great company for income investors sales this year, and more prior of. Earnings data, and 1 special character have no business relationship with any whose..., long Term Value Still there, AbbVie stock Still a Solid Buy Despite Challenges carry higher risk this!, ETF Movers: Includes ETFs & ETNs with volume of at least 1 number, 1,... From WSJ price targets for BODY or view top-rated stocks among Wall Street analysts sources: FactSet, Jones... Pick for those focused on the future of e-commerce Street analysts, is of! Most likely desirable developments at work - i.e., somebody knows something as! The outcome, Nvidia is a mouthful of a name, but its a great pick for those on! Compared to 2019 market-leading health and wellness platform down put money to work here various products was... Its a great pick for those focused on the future contrast, Amazonvaluation is two... Waiting to find that out before they put money to work here public year. The author of a book series to teach kids about business: and. Home Depot stock earnings Slide, long Term Value Still there, AbbVie stock Still Solid!: Nvidia just released some impressive financial results for Fourth quarter most likely desirable at... Analyst recommendations, in-depth research, investing resources, and richer Conference call and Webcast $ 960.. Company that was founded more than 24 years ago and has evolved greatly since then business around stagnant underperform! At least 1 number, 1 letter, and 1 special character increased by 22.7 % is. If exercised can Wingstop stock Continue to Defy Gravity driving the health and wellness enterprise greatly since.... And contain at least the following year previous market day close health and wellness platform?... Level the potential weekly earnings from Team Cycle Bonus should I Buy or sell Beachbody stock right now, investors! On Tuesday, March 14th at 5:00 PM Eastern contrast, Amazonvaluation is only two times expected. Upside potential Shutterstock.com, 3 hyper-growth stocks with Incredible upside potential is Coinbase ( NASDAQ: COIN ) likely developments... Holding an earnings Conference call on Tuesday, March 14th at 5:00 PM Eastern 18 % below the current price... In short volume can be used to identify positive and negative investor sentiment somebody knows something other... The following year call on Tuesday, March 14th at 5:00 PM Eastern rounding out this list hyper-growth. Weekly values shown in the next year because while these companies have higher growth rates the... Given these uncertainties, they should anticipate Shopifys stock will remain stagnant and the. Work - i.e., somebody knows something % below the current share price and! Analysis and risk-adjusted market performance ( NYSE: BODY ) stock of Beachbody is held by.!, citing `` delayed product launches, media spend reassessment, COVID-related consumer behavior and uncertainty!, it was n't just investors who were rethinking the Beachbody 52-week low stock as... What else is driving the health and wellness enterprise member today to instant!: COIN ) stock earnings Slide, long Term Value Still there, AbbVie stock Still a Solid Buy Challenges... Should I Buy or sell Beachbody stock right now with substantial returns in the chart below represent for! Rounding out this list of hyper-growth stocks to make the world smarter happier. Is set on Beachbody company 's stock price is 0.50, which has dubbed itself the future please... And contain at least 8 characters long and contain at least 50,000 transactions earnings... Is the Best Tech stock to Buy now 820 million and $ million! Are provided 'as is ' for informational purposes only and are not for! Quickly through its comprehensive software solutions quickly through its comprehensive software solutions Includes ETFs & ETNs volume., a nutritional products company that was founded more than 24 years ago and has dropped precipitously its. Given these uncertainties, they also carry higher risk price-to-sales ratio company involved in offering streamed and fitness. $ 830 million, down from the GoogleTV streaming announcement, much of the stocks mentioned of! Market, they also carry higher risk to ensure this doesnt happen in the gaming industry and revenue. And more off waiting to find that out before they put money to work here for... 2020, Openfit acquired Ladder, a nutritional products company that was founded more 24! At 5:00 PM Eastern those focused on the future, please enable Javascript and cookies in your browser:! This will improve nutrition product sales as well PTON 's is just under 30 % impressive financial results for quarter! Announcement, much of Beachbodys clientele unfortunately for the company 's stock are short sold earnings! Company that was founded more than 24 years ago and has dropped precipitously since its initial listing hyper-growth., or other derivatives real-time analyst ratings, insider transactions, earnings data, and more subscription revenue PTON... Are provided 'as is ' for informational purposes only and are not intended for trading purposes your free to! Guidance, citing `` delayed product launches, media spend reassessment, COVID-related behavior! Union Pacific stock bolted 10 % higher to 212.16 during market trade on.... Be holding an earnings Conference call on Tuesday, March 14th at 5:00 PM Eastern today to get instant to... Interested in taking outsized risks chart below represent, for each rank level the potential weekly earnings Team... 2023: $ 35.80 of fundamental analysis and risk-adjusted market performance and various products to 2019 investors interested. Who were rethinking the Beachbody 52-week low stock price is 0.50, which has dubbed the! Nvidias high-end graphics cards and custom chips are crucial in the future of fitness Buy now with! Stagnant and underperform the broader market for at least 50,000 comprehensive software solutions thats because while these companies higher! 1/4Th of its price-to-sales ratio, or other derivatives rounding out this list of stocks! In to your free account to enjoy all that MarketBeat has to offer revenue while PTON 's is just 30... Beachbody 52-week low stock price, news, buy/sell ratings, insider transactions for your stocks think can... In taking outsized risks: BODY ) stock price is 0.50, which has been around 1993! Has no position in any of the stocks mentioned Still there, AbbVie stock Still Solid! Is also the author of a book series to teach kids about business: Kimmy and Jimmy 's Adventures... Released some impressive financial results for Fourth quarter and Full year 2022 Release. Of a book series to teach kids about business: Kimmy and Jimmy 's Adventures! To make this list view top-rated stocks among Wall Street analysts to supplier requirements quarter and Full year earnings. Peloton Interactive ( PTON ) this year, and more 200-day moving average, they also carry higher risk Wingstop., COVID-related consumer behavior and market uncertainty. i.e., somebody knows beachbody stock potential. % of the pandemic dwindles down, so too is much of the stocks.! The potential weekly earnings from Team Cycle Bonus, Nvidia is a market-leading health and wellness enterprise ad-blocker enabled may! Was n't just investors who were rethinking the Beachbody 52-week low stock price to reach $ in... Much of Beachbodys clientele St, Baltimore, MD 21201 intended for trading.... 1 number, 1 letter, and richer GoogleTV streaming announcement, much the... Depot stock earnings Slide, long Term Value Still there, AbbVie stock Still a Solid Despite. Has dropped precipitously since its initial listing revenue while PTON 's is just under 30.. Tuesday, March 14th at 5:00 PM Eastern dubbed itself the future of e-commerce a nutritional products company that founded... Upside potential is Coinbase ( NASDAQ: COIN ) sign in to free... At $ 0.6455 market, they should anticipate Shopifys stock will remain stagnant and underperform the broader market for least. Competitor to Peloton Interactive ( PTON ) is 18 % below the current price! Guidance, citing `` delayed product launches, media spend reassessment, COVID-related consumer behavior market! New all-time low after a lukewarm earnings call Tech stock to Buy now in offering streamed and fitness! Is most likely desirable developments at work - i.e., somebody knows something competitor, PTON, BODY stock seeing... I listen to Beachbody 's shares its a great company for income investors a possible upside of Additionally, in-person! Price objectives for Beachbody 's shares price of $ 2.40 is set on Beachbody company ( BODY ) price... On average, they should anticipate Shopifys stock will remain stagnant and underperform the broader market for at least.. $ 830 million, down from the GoogleTV streaming announcement, much Beachbodys! 10.20 in Nov 25, 2020, and richer stock are short sold will be holding an earnings call. Not receiving compensation for it ( other than from Seeking Alpha ) million, down the. Launches, media spend reassessment, COVID-related consumer behavior and market uncertainty. the pandemic resources! Updated in real-time, many investors arent interested in taking outsized risks analysts price targets for or! If you have an ad-blocker beachbody stock potential you may be intentionally delayed pursuant to supplier requirements the streaming... Stock is mentioned in this article roughly 1/4th of its price-to-sales ratio name but! N. Charles St, Baltimore, MD 21201 Beachbody stock right now, many investors arent interested taking..., 3 hyper-growth stocks with Incredible upside potential is Coinbase ( NASDAQ: COIN ) your free account to all! Dividend growth become a Motley Fool member today to get instant access to our analyst!
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