Beachbody (NYSE:BODI) Coverage Initiated at Canaccord Genuity Group

Canaccord Genuity Group began coverage on shares of Beachbody (NYSE:BODIFree Report) in a research report sent to investors on Friday, MarketBeat reports. The brokerage issued a buy rating and a $13.00 target price on the stock.

BODI has been the subject of a number of other research reports. Baird R W upgraded Beachbody to a hold rating in a research report on Tuesday, May 7th. Robert W. Baird reduced their price objective on shares of Beachbody from $12.00 to $10.00 and set a neutral rating for the company in a report on Tuesday, May 7th. Finally, Roth Mkm decreased their target price on shares of Beachbody from $15.00 to $14.00 and set a buy rating for the company in a research report on Tuesday, May 7th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $12.50.

Check Out Our Latest Stock Analysis on BODI

Beachbody Stock Up 4.9 %

Shares of Beachbody stock traded up $0.42 during trading on Friday, hitting $9.06. 30,753 shares of the stock were exchanged, compared to its average volume of 21,401. The company has a fifty day moving average of $9.31. Beachbody has a 12 month low of $6.31 and a 12 month high of $28.50. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.59 and a current ratio of 0.72.

Beachbody (NYSE:BODIGet Free Report) last announced its quarterly earnings results on Monday, March 11th. The company reported ($4.80) EPS for the quarter, missing the consensus estimate of ($2.25) by ($2.55). The firm had revenue of $119.01 million during the quarter, compared to analyst estimates of $112.40 million. Beachbody had a negative net margin of 27.41% and a negative return on equity of 85.56%. As a group, equities analysts expect that Beachbody will post -7.41 earnings per share for the current year.

Beachbody Company Profile

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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.

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