Roth Capital Downgrades Beachbody (NYSE:BODI) to Hold

Beachbody (NYSE:BODI) was downgraded by analysts at Roth Capital from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports. Roth Capital also issued estimates for Beachbody’s FY2026 earnings at ($5.33) EPS.

Several other equities research analysts have also weighed in on the company. Canaccord Genuity Group restated a “buy” rating and issued a $13.00 target price on shares of Beachbody in a report on Friday, March 28th. Roth Mkm reaffirmed a “neutral” rating and set a $7.00 price objective (down from $12.00) on shares of Beachbody in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Beachbody has an average rating of “Hold” and an average price target of $11.00.

Beachbody Stock Performance

BODI stock opened at $6.25 on Tuesday. The firm has a 50 day moving average of $7.34 and a two-hundred day moving average of $6.71. Beachbody has a 12 month low of $5.14 and a 12 month high of $10.80. The company has a market capitalization of $43.28 million, a price-to-earnings ratio of -0.40 and a beta of 1.13. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 0.17.

Beachbody (NYSE:BODI) last issued its quarterly earnings data on Thursday, March 27th. The company reported ($1.89) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.88) by $0.99. Beachbody had a negative net margin of 22.62% and a negative return on equity of 94.29%. The firm had revenue of $86.37 million during the quarter, compared to analysts’ expectations of $81.71 million. As a group, equities analysts anticipate that Beachbody will post -8.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Beachbody

Several hedge funds have recently modified their holdings of the business. Raine Group LLC acquired a new position in Beachbody during the 3rd quarter valued at $25,000. Summit Financial LLC bought a new position in shares of Beachbody during the 4th quarter worth about $104,000. Rockefeller Capital Management L.P. bought a new stake in shares of Beachbody in the third quarter valued at about $625,000. Finally, Raine Capital LLC acquired a new stake in Beachbody during the third quarter worth about $4,287,000. 74.48% of the stock is owned by 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.