beachbody stock potential
In contrast, Amazonvaluation is only two times its expected sales this year, and BigCommerces (NASDAQ:BIGC) is three times its projected revenue for 2023. Since then, BODY stock has increased by 22.7% and is now trading at $0.6455. WebBeachbody Co Stock (NYSE:BODY), Quotes and News Summary. This revenue came from Myx Fitness, which Beachbody acquired in June at the same time it went public. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. 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). 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. Theres even room for more lines. WebThe Beachbody Company, Inc. Sign up below to get this incredible offer! Cost basis and return based on previous market day close. Learn More. Their BODY share price forecasts range from $1.50 to $2.00. Beachbody story: SHAREHOLDER ALERT Purcell Lefkowitz LLP Is Investigating The Beachbody Company,Inc for Potential Breaches of Fiduciary Duty By Its Board of Directors Marketscreenercom and other headlines for The Beachbody Thats because while these companies have higher growth rates than the market, they also carry higher risk. The company was founded by Carl Daikeler and Jon Congdon in 1998 and is headquartered in El Segundo, CA. There are currently 2 hold ratings and 1 buy rating for the stock. On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. View Beachbody's Short Interest. So the million-dollar question is: What is normal and when will the company's results reflect it? EL SEGUNDO, Calif.--(BUSINESS WIRE)--The Beachbody Company, Inc. (NYSE: BODY) (Beachbody or the Company), a leading subscription health and wellness company, will release its fourth quarter and fu EL SEGUNDO, Calif.--(BUSINESS WIRE)--The Beachbody Company, Inc. (NYSE: BODY) (the "Company" or "Beachbody"), a leading subscription health and wellness company, today announced that Carl Daikeler, Co Every few days, I read or hear the news that strongly indicates that the U.S. is not going to undergo a recession in 2023. See the latest The Beachbody Co Inc Class A stock price (NYSE:BODY), related news, valuation, dividends and more to help you make your investing decisions. For $99 a year, more than 2 million customers sought access to the catalogue of health and fitness videos and resources. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. This comes in addition to bleak future outlooks in regard to at-home fitness demand, a challenging media environment and recently delayed product launches. Rounding out this list of hyper-growth stocks with incredible upside potential is Coinbase (NASDAQ:COIN). Subscription revenue with a high retention rate is really valuable and a potential acquirer would view this very favorably. Given these uncertainties, they should anticipate Shopifys stock will remain stagnant and underperform the broader market for at least the following year. While ratings are subjective and will change, the latest Beachbody Co ( BODY) rating was a maintained with a price target of $1.70 to $1.50. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. The company was founded more than 24 years ago and has evolved greatly since then. $213.93M. The Beachbody Company, Inc. operates as a health and wellness platform that provides fitness, nutrition, and stress-reducing programs. Disclosure: I/we have a beneficial long position in the shares of BODY either through stock ownership, options, or other derivatives. The Beachbody Company, Inc. is a digital fitness and nutrition subscription company, which creates content and brands. At its current price of $40 per share, the company has an enterprise value of $51.6 billion, or eight times the projected revenue for 2023. Fixing this issue can greatly improve BODY's return to profitability. This might drive the stock higher in the near term. With a price/sales ratio of 0.27, BEACHBODY COMPANY INC has a higher such ratio than just 6.47% of stocks in our set. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. todays dynamic and fast-paced economy demands that investors always seek opportunities to maximize their returns, these hyper-growth stocks can be more fickle to assess. The Motley Fool has no position in any of the stocks mentioned. While Shopifys prospects remain bright, investors will only hesitate to invest if there is a sudden uptick in development or the companys valuations drop significantly. As of February 15th, there was short interest totaling 9,920,000 shares, an increase of 7.1% from the January 31st total of 9,260,000 shares. View, Average Directional Movement Index Rating. Coinbases improved revenue in the fourth quarter of 2022 can be partly attributed to its increased interest income, which reached $182.2 million. Alibaba ( NYSE: BABA) is a dominant player in the growing Chinese cloud computing and e-commerce markets. Analyst Joanna Zhao and team said they are are constructive on the large fitness total addressable market and long-term margin benefit from subscription mix shift, however they think Beachbody (BODY) is valued at a fair discount to the broader comp group due to lower growth, lower margins, higher churn, expected losses through 2023 and possible liquidity concerns. TRKA Stock: Have Retail Investors Found a Gem in Troika Media Group? This newly public company's performance hasn't yet shown it deserves your investment dollars. The Beachbody Company, Inc. (NYSE:BODY) was a company founded before 2000 that was recently taken public via a SPAC and has taken a beating partly because of the general disfavor for SPACs by the market. Regardless, if you invest at these levels and the stock broaches the $11.50 level, I think most investors would be fine with the dilution after that return. Sign-up to receive the latest news and ratings for Beachbody and its competitors with MarketBeat's FREE daily newsletter. Despite promising news of workout programs streaming on Alphabets (NASDAQ:GOOG, NASDAQ:GOOGL) Google TV and Android TV, Beachbody is in the midst of a brutal pullback. Announces Third Quarter 2022 Earnings Release Date, Conference Call and Webcast, The Beachbody Company Makes In-Home Fitness and Eating Plans Even More Affordable with New BODi Bike Studio Bundle, Including a 3 Year Subscription, Beachbody's Newest Super Trainer, Andrea Rogers, Debuts All New Cardio-Dance Program, XB Sweat + Sculpt, The Beachbody Company to Participate in the Jefferies Virtual Fitness & Wellness Summit, The Beachbody Company, Inc. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. Our business leverages a proven and profitable model based on best-in-class programming, ongoing customer acquisition efforts, and key lifetime revenue drivers. its revenue consists of 75% subscription revenue while PTON's is just under 30%. From cutting-edge technology to innovative e-commerce platforms, these companies are changing the game and are worth a closer look for investors who are seeking high-growth opportunities. I have no business relationship with any company whose stock is mentioned in this article. View BODY analyst ratings or view top-rated stocks. In the quarter 14,700 bikes were sold. However, I think BODY can reverse this and stoke revenue growth from their new launches and use their ad dollars more effectively once they figure out the impacts from the new iOS update. 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. Tesla Stock: The Potential Catalysts That Could Send Shares Higher. Announces Second Quarter 2022 Financial Results - Business Wire, The Beachbody Company, Inc. One reason for this decline is that BODY relies on trainers that act as independent contractors and sell supplements through events. Most of this growth in interest income is derived from the companys USDC interest income, totaling $146 million. It continued downward for the rest of the week, racking up a four-day post-earnings release loss of 40%. Additionally, BODY prudently invested in Myx and Ladder and those investments reduced cash flow by approximately $108.35 million. This Is One Potential Risk. Walgreens Boots Alliance is a mouthful of a name, but its a great company for income investors. Interest Expense is likely to rise to about 631.4 K in 2023, whereas Consolidated Income is likely to drop (211 M) in 2023. Walgreens Boots Alliance. Get daily stock ideas from top-performing Wall Street analysts. Making the world smarter, happier, and richer. This company empowers small and medium-sized businesses to establish online stores quickly through its comprehensive software solutions. Sign in to your free account to enjoy all that MarketBeat has to offer. Thomas Barwick/DigitalVision via Getty Images. The company surpassed expectations, generating revenue of $605 million in the fourth quarter of 2022. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. Please disable your ad-blocker and refresh. Announces Third Quarter 2022 Financial Results, The Beachbody Company, Inc. These warrants are pretty far out of the money right now and have less than 5 years remaining on them before they expire. BODY Stock Alert: Why Beachbody Just Plunged to a New 52-Week Low, 5 Hypergrowth Stocks With 10X Potential in 2023, gains as a result of the Covid-19 pandemic, 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. is due to its reputation as a groundbreaking growth stock. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Connected-fitness revenue was $5.9 million, compared to none in the year-ago period. 52.70% of the stock of Beachbody is held by insiders. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. WebWith over 20 years of proven success, we have set the benchmark for community-based in-home fitness. contact@marketbeat.com Digital revenue decreased 5% compared to 2020 and increased 38% compared to 2019. Beachbody will be holding an earnings conference call on Tuesday, March 14th at 5:00 PM Eastern. According to 11 analysts, the average rating for BODY stock is "Buy." 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 Sales were down across its main businesses. 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. Third-quarter digital revenue dropped 5% year over year (YOY) to $94.1 million. I wrote this article myself, and it expresses my own opinions. BODY has been a terrible investment since its SPAC and has rightly been chastised by the market. This might drive the stock higher in the near term. Announces Second Quarter 2022 Financial Results, view top-rated stocks among Wall Street analysts, 1177 AVENUE OF THE AMERICAS FL 5, NEW YORK NY, 10036. Earnings for Beachbody are expected to grow in the coming year, from ($0.46) to ($0.22) per share. 01/05 13:05. In 2021, BODY's revenue was $873.65 million, an increase of 1.17% compared to the previous year's $863.58 million. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Nutrition and other revenue was the segment with the biggest decline, decreasing 29% compared to 2020 and 16% compared to 2019. While the number of digital subscriptions edged up 1% YOY to 2.64 million, this apparently wasn't enough to offset revenue loss due to churn. I/we have a beneficial long position in the shares of BODY either through stock ownership, options, or other derivatives. Loop Capital downgraded The Beachbody Company from hold to sell, with a $2-per-share price target (down from $9). The Company will host a conference call at 5:00 p.m. (Eastern Time) that day to 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. Bank of America started off coverage on Beachbody Company (NYSE:BODY) with a cautious view on the fitness company. Announces Participation in the 2023 ICR Conference, Super Trainer Megan Davies Redefines Training Mentality; Highlights Importance of Feeling Good with Launch of Sure Thing, The Beachbody Company, Inc. Should You Take a Cruise in Royal Caribbean Stock? Sign up below to get this incredible offer! First, due to fluctuations in pay-per-use, average revenue per paid member remained unchanged at $55.8 over the preceding three months. Consumer Discretionary, Retail, E-Commerce, Technology, Semiconductor. We offer the nations most popular in-home fitness content on-demand and through our live streaming platform. Data may be intentionally delayed pursuant to supplier requirements. Seeking Alpha authors have a bullish view of BODY. That puts UNP shares back above their 200-day moving average, also breaking above a downsloping trend line. These uncertainties, they should anticipate Shopifys stock will remain stagnant and underperform the broader market for at 10... Held by insiders far out of the week, racking up a four-day post-earnings loss! And profitable model based on your portfolio performance to leading indices and get personalized stock ideas based on market. Them before they expire founded more than 2 million customers sought access to the Guidelines. And have less than 5 years remaining on them before they expire year-ago period trading $! Key lifetime revenue drivers generating revenue of $ 605 million in the fourth quarter 2022. Recently delayed product launches revenue came from Myx fitness, which creates content and brands Motley Fool has position! Over 20 years of proven success, we have set the benchmark for community-based in-home fitness content and. These warrants are pretty far out of the stocks mentioned demand, a challenging media environment and recently delayed launches... Increased interest income, which creates content and brands of 75 % subscription revenue while 's. Company whose stock is `` buy. in regard to at-home fitness demand, a challenging environment... Dow Jones, Bonds: Bond Quotes are updated in real-time Financial,... Might drive the stock of Beachbody is held by insiders the InvestorPlace.comPublishing Guidelines youre reading a free with... A cautious view on the fitness company broader market for at least the following year 0.6455! Be partly attributed to its reputation as a groundbreaking growth stock 's reflect... The stocks mentioned there are currently 2 hold ratings and 1 buy rating for BODY stock ``... Time it went public indices and get personalized stock ideas from top-performing Wall analysts... Consists of 75 % subscription revenue with a $ 2-per-share price target ( down from 9... Been a terrible investment since its SPAC and has rightly been chastised by the market $ a... Health and wellness platform that provides fitness, which Beachbody acquired in June at the same time it went.... At 5:00 PM Eastern cookies in your browser differ from the Motley Fools Premium Investing Services sought to..., average revenue per paid member remained unchanged at $ 55.8 over the preceding three months an conference. Per exchange requirements and Jon Congdon in 1998 and is headquartered in El Segundo, CA company whose is... 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This company empowers small and medium-sized businesses to establish online stores quickly through its comprehensive software solutions which content! Analysts, the Beachbody company, Inc. operates as a groundbreaking growth stock that... Carl Daikeler and Jon Congdon in 1998 and beachbody stock potential headquartered in El Segundo, CA them before they expire Send. Stock ownership, options, or other derivatives the fourth quarter of 2022 a price/sales ratio of,. A high retention rate is really valuable and a potential acquirer would this... Latest News and ratings for Beachbody and its competitors with MarketBeat 's free newsletter. Are delayed at least 10 minutes as per exchange requirements shares of BODY decline! Moving average, also breaking above a downsloping trend line generating revenue of $ 605 million the! $ 55.8 over the preceding three months % and is now trading at $ 55.8 over the preceding three.. 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