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 WebThe FRX/Beachbody merger is completed and I think this is one of the most exciting mergers I have seen this year. Those are staggering figures and make one think they would run out of cash soon when extrapolating out those figures. Analysts are increasingly upbeat about Alibaba BABA 1.54% stock in the wake of the groups quarterly earnings, which supported the However, Beachbody's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party. Although it benefited from the pandemic, it's not yet clear how it will perform in a more normal business environment. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings. Union Pacific Stock Retakes Support. The Beachbody 52-week high stock price is 2.47, which is 304.9% above the current share price. Bank of America started off coverage on Beachbody Company (NYSE:BODY) with a cautious view on the fitness company. It offers holistic health and wellness platforms. Its unclear what steps Beachbody will need to take to return to favor. 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 This comes as more and more Americans go back to the gym. WebIn a nutshell, if Beachbody's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. The all-time high Beachbody stock closing price was 12.74 on June 28, 2021. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. It's an important sign when a stock makes new all-time highs amid a dour stock market environment. It continued downward for the rest of the week, racking up a four-day post-earnings release loss of 40%. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Additionally, its largest long-term liability was its lease, at approximately $24 million, which as discussed earlier, will be removed since it assigned that lease. The new product category of having the bike will bring new customers to the platform and help their flywheel of cross-selling nutrition products. Sign-up to receive the latest news and ratings for Beachbody and its competitors with MarketBeat's FREE daily newsletter. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. Myx is BODY's newest business segment and consists of an interactive fitness platform that provides commercial grade stationary bikes and accessories and on-demand subscription-based instructor-led fitness classes. Please disable your ad-blocker and refresh. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. 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 Openfit, a digital streaming platform that provides digital fitness and wellness resource. Now Being Talked About On Wallstreetbets Could Beachbody Stock Be The Next Big Short Squeeze Stock. In September of 2020, Openfit acquired Ladder, a nutritional products company that was founded by LeBron James and Arnold Schwarzenegger. Management described the upside well in the earnings call: With the launch of BOD Interactive in late October, we now have a powerful lever to drive acquisition, upsell and increase lifetime value with an offering that replicates the immersive and personalized experience of boutique fitness classes in a digital context. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. Invest better with The Motley Fool. That puts UNP shares back above their 200-day moving average, also breaking above a downsloping trend line. Shopify (SHOP): This stock is a great pick for those focused on the future Announces Second Quarter 2022 Financial Results - Business Wire, The Beachbody Company, Inc. Day Range 0.682 - On average, they predict the company's stock price to reach $1.75 in the next year. 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. Currently, 7.4% of the company's stock are short sold. Revenue between $820 million and $830 million, down from the prior outlook of $930 million to $960 million. View analysts price targets for BODY or view top-rated stocks among Wall Street analysts. Copyright 2 Oil Refiners Posting Record Margins: Can the Trend Continue? Stock price as of Feb. 24, 2023: $35.80. were stronger during the height of the pandemic. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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. 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. These vehicles were viewed as a quicker and simpler mechanism to take a company public as opposed to going the traditional initial public offering route. This might drive the stock higher in the near term. WebWith over 20 years of proven success, we have set the benchmark for community-based in-home fitness. The Beachbody Company, Inc. is a digital fitness and nutrition subscription company, which creates content and brands. quotes delayed at least 15 minutes, all others at least 20 minutes. The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 14th 2023. 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. Openfit is a personalized nutrition programming and tracking app with live group classes. Beachbody has received no research coverage in the past 90 days. Their BODY share price forecasts range from $1.50 to $2.00. Nasdaq Logically, as Americans stayed home, the workout videos became a popular alternative to the treadmill. US crude oil futures traded higher this morning on Wednesday. TRKA Stock: Have Retail Investors Found a Gem in Troika Media Group? Beachbody Company Inc (The) - Ordinary Shares - Class A. These quicker offerings came with a drawback for investors - less regulations allowing companies to provide very optimistic projections without the normal checks that are associated with traditional IPOs. 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. This suggests a possible upside of cryptocurrency exchange in the US. Investors, meanwhile, focused on some notable insider trades. It operates in two segments, Beachbody and Other. To make the world smarter, happier, and richer. Change value during other periods is calculated as the difference between the last trade and the most recent settle. this marks a 5% increase in revenue for the company. Additionally, the subscription revenue associated with those bikes will also start to trickle in each month. Read more on seekingalpha.com. Subscription revenue with a high retention rate is really valuable and a potential acquirer would view this very favorably. Nutrition and other revenue fell 29%YOYto $108.1 million. However, with this product now being launched, they can now ramp up campaigns and sign up customers. However, the companys recent financial results could have been more impressive, causing a drop of more than 70% in its stock price since late 2021. : This stock is a great pick for those focused on the future of e-commerce. I have no business relationship with any company whose stock is mentioned in this article. Investors should wait to see how The Beachbody Company performs for a few more quarters before considering buying shares. However, regardless of the outcome, Nvidia is a promising investment opportunity with. The Beachbody Company, Inc. (BODY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This company empowers small and medium-sized businesses to establish online stores quickly through its comprehensive software solutions. Because of COVID's impacts, these events have been canceled and this segment has taken a hit as a result. Most investors and analysts believe that BODY is similar to PTON in that it would perform better during a COVID surge because less people would go into a gym and would prefer at-home workouts. According to 11 analysts, the average rating for BODY stock is "Buy." Beth McKenna has no position in any of the stocks mentioned. Adjusted earnings before interest, taxes, depreciation, and amortization (. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. A high percentage of insider ownership can be a sign of company health. WebBODY Stock Is Up 23% This Week. Coinbases improved revenue in the fourth quarter of 2022 can be partly attributed to its increased interest income, which reached $182.2 million. In the quarter 14,700 bikes were sold. As of January 15th, there was short interest totaling 8,870,000 shares, an increase of 3.0% from the previous total of 8,610,000 shares. Management lowered its full-year revenue guidance, citing "delayed product launches, media spend reassessment, COVID-related consumer behavior and market uncertainty." 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. Announces First Quarter 2022 Earnings Release Date, Conference Call and Webcast, SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Is Investigating The Beachbody Company, Inc. for Potential Breaches of Fiduciary Duty By Its Board of Directors, Beachbody Breaks New Ground in GUT HEALTH Mega-Trend With New Program from Autumn Calabrese, Super Trainer, Nutrition Expert and Best-Selling Author. At the current cash-burn rate, the company would run out of cash in about one and one-third quarters. Shares of BODY stock can be purchased through any online brokerage account. 326 E 8th St #105, Sioux Falls, SD 57103 Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. 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 Openfit, a digital streaming platform that provides digital fitness and wellness resource. Is Lucid (LCID) Stock a Buy? This company is best known as a top producer of advanced microprocessors and hardware products. In 2021, BODY's revenue was $873.65 million, an increase of 1.17% compared to the previous year's $863.58 million. Beachbody was actually one of the few companies that saw gains as a result of the Covid-19 pandemic and subsequent quarantine. In 2020, SPACs were all the rage and nearly all SPACs skyrocketed in value when they announced acquisitions. nearly half of startups that went public via a SPAC, which accounted for roughly 30% of BODY's revenues in the last quarter, reported revenue of $207.05M and GAAP EPS of -$0.13 per share. Price as of February 28, 2023, 4:00 p.m. So what else is driving the health and wellness platform down? His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective. Management acknowledged in the press release that it was a challenging quarter and they "did not acquire new subscriptions at the rate [they] expected." If you have an ad-blocker enabled you may be blocked from proceeding. Article printed from InvestorPlace Media, https://investorplace.com/2023/02/nvda-shop-coin-3-hyper-growth-stocks-with-incredible-upside-potential/. WebBeachbody Co Stock (NYSE:BODY), Quotes and News Summary. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. BODY is not as cash flow negative as the headline numbers suggest. Coinbases CEO, Brian Armstrong, had. One share of BODY stock can currently be purchased for approximately $0.65. Beachbody was the company's original business and consists of their programs, such as P90X, Insanity and 21 Day Fix that are available through a digital subscription offering. 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. Given the current valuation, I believe BODY represents an asymmetric risk/reward investment opportunity. A price objective of $2.40 is set on Beachbody Company (BODY). I/we have a beneficial long position in the shares of BODY either through stock ownership, options, or other derivatives. How can I listen to Beachbody's earnings call? Announces Third Quarter 2022 Financial Results, Bullish insiders bet US$6.1m on The Beachbody Company, Inc. (NYSE:BODY), The Beachbody Company, Inc. Volume. Copyright FactSet Research Systems Inc. All rights reserved. If the stock does recover, these could provide a share hangover, as these could be converted into 15,333,333 Class A shares. Expands Board of Directors with the Appointment of Ann Lundy, The Beachbody Company, Inc. Receives Notice of NYSE Trading Share Price Listing Rule Non-Compliance, The Beachbody Company, Inc. (BODY) Upgraded to Buy: Here's Why, The Beachbody Company, Inc. This suggests a possible upside of 171.1% from the stock's current price. : Nvidia just released some impressive financial results for fourth quarter. Jeffrey Himelson is a corporate lawyerpracticing in NYC. The Company will host a conference call at 5:00 p.m. (Eastern Time) that day to WebBeachbody stock gains after backing Q4 guidance at ICR Conference. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. Or is there an opportunity to expand the business' product line in the future? Web: Get the latest Beachbody stock price and detailed information including news, historical charts and realtime prices. However, I think the selloff has been overdone and believe BODY represents and asymmetric risk/reward opportunity. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Nutritional products include Shakeology, Beachbody Performance supplements, BEACHBARs, and others. The big share price dive on Nov. 16 was really all about Wall Street's reaction to The Beachbody Company's weak quarterly results. ET, Why The Beachbody Company Stock Dropped as Much as 16.5% in Early Trading Today, Why The Beachbody Company Stock Plummeted 27.5% at the Open Today, 2 Growth Stocks That Can Turn $250,000 Into $1 Million by 2030, Billionaire Investor Bill Ackman Is Raking In $97 Million In Annual Dividend Income From These 2 Stocks, 1 Bargain-Basement Warren Buffett Stock Down 78% to Buy Before It Starts Soaring, 3 No-Brainer Stocks to Buy With $50 Right Now, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. What Beachbody Company Does: The Beachbody Co Inc is a holding company involved in offering both streamed and live fitness and nutrition programs as well as various products. This segment is a direct competitor to Peloton Interactive (PTON). Union Pacific stock bolted 10% higher to 212.16 during market trade on Monday. 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. & Legal Affairs, Talent Management and IP Devel. Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. However, in its fiscal 2023 Q4 earnings report, Nvidia projected an income of $6 billion, which is almost exactly where it landed with $6.05 billion in revenue. Sign up below to get this incredible offer! 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