Many investors may have factored in unrealistically high growth rates into Shopifys valuation, anticipating continued rapid expansion indefinitely. The company earns $-228,380,000.00 in net income (profit) each year or ($0.97) on an earnings per share basis. this marks a 5% increase in revenue for the company. Should I buy or sell Beachbody stock right now? On the date of publication, Shrey Dua did not have (either directly or indirectly) any positions in the securities mentioned in this article. View Beachbody's Short Interest. By creating a free account, you agree to our, Want Monthly Income? 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. 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. WebBeachbody stock gains after backing Q4 guidance at ICR Conference. And right now, many investors arent interested in taking outsized risks. Get daily stock ideas from top-performing Wall Street analysts. is due to its reputation as a groundbreaking growth stock. In the past, retailers hoping to reach a mass audience had limited options and often had to rely on third-party sellers such as Amazon (NASDAQ:AMZN). 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. Beachbody does not have a long track record of dividend growth. 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. With the declining revenue and added headcount from new acquisitions and product launches, BODY flipped from operating income of $17.87 million in the same period last year to a loss of $71.82 million last quarter. Today, home-workout company Beachbody (NYSE: BODY) is falling fast to a new all-time low after a lukewarm earnings report. This company empowers small and medium-sized businesses to establish online stores quickly through its comprehensive software solutions. The S&P 500 index has returned 7.9% over this period. 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. 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. As of September 30, 2021, BODY had approximately $200 million of cash on its balance sheet and $32 million of borrowing capacity available under their credit facility. At the time of writing, BODY stock is Most of this growth in interest income is derived from the companys USDC interest income, totaling $146 million. ET, Why The Beachbody Company Stock Plunged 50% in November, 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. Given the current valuation, I believe BODY represents an asymmetric risk/reward investment opportunity. 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). View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Beachbody's stock was trading at $0.5260 at the beginning of the year. WebStock analysis for Beachbody Co Inc/The (FRX) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Beachbody Co Stock (NYSE: BODY) stock price, news, charts, stock research, profile. Finally, the companys full-year revenue was almost the same as the previous year, at $26.92 billion, but its profit was down substantially. Get short term trading ideas from the MarketBeat Idea Engine. Beachbody was actually one of the few companies that saw gains as a result of the Covid-19 pandemic and subsequent quarantine. 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. You can read about the details of expected earnings, their plans and products through the investor presentation. Their BODY share price forecasts range from $1.50 to $2.00. Source: Beyond The Scene / Shutterstock.com, 3 Hyper-Growth Stocks With Incredible Upside Potential. 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. WebYahoo Finance Video +6.17%. According to 11 analysts, the average rating for BODY stock is "Buy." 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 2022 results on Tuesday, March 14, 2023, after the U.S. stock market closes. Please note, there is a significant difference between Beachbody's value and its price as these two are different measures arrived at by different means. 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 - Business Wire, The Beachbody Company Makes In-Home Fitness and Eating Plans Even More Affordable with New BODi Bike Studio Bundle, Including a 3 Year Subscription, Beachbodys Newest Super Trainer, Andrea Rogers, Debuts All New Cardio-Dance Program, "XB Sweat + Sculpt", Beachbody Company (NYSE:BODY) shareholders have endured a 81% loss from investing in the stock a year ago - Nasdaq, Beachbody Company (NYSE:BODY) shareholders have endured a 81% loss from investing in the stock a year ago, The Beachbody Company to Participate in the Jefferies Virtual Fitness & Wellness Summit - Business Wire, The Beachbody Company to Participate in the Jefferies Virtual Fitness & Wellness Summit, Beachbody Company Misses Q2 EPS by 3c By Investing.com - Investing.com India, The Beachbody Company, Inc. Copyright 2023 InvestorPlace Media, LLC. Is this happening to you frequently? For 2021, it now expects the following: Investors should keep an eye on Beachbody's cash situation. Announces Second Quarter 2022 Financial Results - Business Wire, The Beachbody Company, Inc. Making the world smarter, happier, and richer. BODY reported three separate segments: digital, connected fitness and nutrition and other revenue. The company was founded more than 24 years ago and has evolved greatly since then. Investors should wait to see how The Beachbody Company performs for a few more quarters before considering buying shares. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Interest Expense is likely to rise to about 631.4 K in 2023, whereas Consolidated Income is likely to drop (211 M) in 2023. Receive BODY Stock News and Ratings via Email. One reason for this decline is that BODY relies on trainers that act as independent contractors and sell supplements through events. 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. So what else is driving the health and wellness platform down? Additionally, when in-person events start happening again, this will improve nutrition product sales as well. I have no business relationship with any company whose stock is mentioned in this article. 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. Article printed from InvestorPlace Media, https://investorplace.com/2021/11/body-stock-alert-why-beachbody-just-plunged-to-a-new-52-week-low/. 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. On the other hand, Beachbody's target price is what analysts think the stock is worth or could sell for in the future. 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. Data may be intentionally delayed pursuant to supplier requirements. Regarding its projections for 2023, Coinbase announced it was ready to handle various transaction revenue situations in the upcoming year, which could involve fluctuations or stability in cryptocurrency market capitalization and asset volatility compared to the levels observed at the end of 2022. (844) 978-6257. Average month-over-month digital retention was 95.6% in the quarter. However, it added 1% to its digital subscribers with 2.64 million (a 55% increase compared to 2019). 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. 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 It ended the quarter with cash and cash equivalents of $199.8 million. Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. Walgreens Boots Alliance is a mouthful of a name, but its a great company for income investors. Year-over-year third-quarter subscriptions fell 2%, and full-year 2021 revenue estimates were well below expected, $825 million versus $964 million. We offer the nations most popular in-home fitness content on-demand and through our live streaming platform. It also offers nutritional products, such as Shakeology, a once-a-day premium nutrition shake; Beachbody Perf Unfortunately for the company, as the pandemic dwindles down, so too is much of Beachbodys clientele. Feb 28, 2023, 4:00 PM EST - Market closed, The Beachbody Company, Inc. First, due to fluctuations in pay-per-use, average revenue per paid member remained unchanged at $55.8 over the preceding three months. That puts UNP shares back above their 200-day moving average, also breaking above a downsloping trend line. 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. Copyright What is Beachbody's stock price forecast for 2023? Sure, PTON is a larger company with more revenue and brand value, but I do not think it warrants such a large divergence in the trading range. Connected fitness revenue was $5.9 million in the quarter, compared to none in 2020 because that preceded the Myx Fitness acquisition. Beth McKenna has no position in any of the stocks mentioned. This segment is a direct competitor to Peloton Interactive (PTON). 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. Net loss was $39.9 million, or $0.13 per share, compared to net income of $13.8 million, or $0.05 per share, in the year-ago period. US crude oil futures traded higher this morning on Wednesday. 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 Or is there an opportunity to expand the business' product line in the future? Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Additionally, as BODY begins to get more subscribers, it has an opportunity to sell them on the nutritional products, which can reinvigorate this category for BODY. Given these uncertainties, they should anticipate Shopifys stock will remain stagnant and underperform the broader market for at least the following year. The Beachbody Company, Inc. was founded in 1998 and is headquartered in El Segundo, California. Find the latest Beta for The Beachbody Company (BODY) Beachbody stock soars after reiterates Q4 outlook 01/09/23-6:53AM EST Seeking Alpha 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. In the latest quarterly report, BODY did not perform as well as analysts had expected and the stock sold off substantially. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance. [Read more]. Walgreens Boots Alliance. Nutritional products include Shakeology, Beachbody Performance supplements, BEACHBARs, and others. 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. This exceeded predictions that it would only bring in $588 million. Fundamental company data and analyst estimates provided by FactSet. The new product category of having the bike will bring new customers to the platform and help their flywheel of cross-selling nutrition products. WebBeachbody's current and average target prices are 0.66 and 6.15, respectively. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Cost basis and return based on previous market day close. The fitness and . With the current trading range of only $0.258 per warrant, the market is betting that these warrants will expire unexercised, and if that occurs, this warrant liability will be extinguished. Walgreens Boots Alliance. WebBeachbody Company (BODY) Stock Forecast & Price Target 346 Followers Portfolio See the Price Targets and Ratings of: All Analysts Top Analysts Premium BODY Analyst Movie-theatre operator AMC's stock surged 23% after a potential legal delay to a common share dilution plan. *Average returns of all recommendations since inception. Indeed, a company can't spend more cash than it brings in the door for very long before problems start to arise, which could, according to the analyst, start to be an issue in early 2022. WebAnalyst Ratings Beachbody Co. Inc. Stock Price Target BODY Advertisement Related Links: Options Overview Research & Ratings Stocks: Real-time U.S. stock quotes reflect Movie-theatre operator AMC's stock surged 23% after a potential legal delay to a common share dilution plan. The Beachbody Company is not a good option for conservative long-term investors. 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. Loop Capital downgraded The Beachbody Company from hold to sell, with a $2-per-share price target (down from $9). Although it benefited from the pandemic, it's not yet clear how it will perform in a more normal business environment. This revenue came from Myx Fitness, which Beachbody acquired in June at the same time it went public. Revenue between $820 million and $830 million, down from the prior outlook of $930 million to $960 million. $ 588 million arent interested in taking outsized risks expects the following: investors should keep eye... %, and others years ago and has evolved greatly since then Inc. Making the world,! Rates into Shopifys valuation, anticipating continued rapid expansion indefinitely see how the Beachbody company from hold sell. 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