Roth Capital Has Negative View of Beachbody FY2024 Earnings

The Beachbody Company, Inc. (NYSE:BODI) – Stock analysts at Roth Capital dropped their FY2024 earnings estimates for shares of Beachbody in a note issued to investors on Thursday, November 14th. Roth Capital analyst G. Kelly now anticipates that the company will post earnings per share of ($8.16) for the year, down from their previous forecast of ($6.84). The consensus estimate for Beachbody’s current full-year earnings is ($8.16) per share. Roth Capital also issued estimates for Beachbody’s Q4 2024 earnings at ($2.88) EPS, Q1 2025 earnings at ($1.08) EPS, Q2 2025 earnings at ($1.09) EPS, Q3 2025 earnings at ($1.23) EPS, Q4 2025 earnings at ($1.20) EPS and FY2025 earnings at ($4.60) EPS.

Separately, Roth Mkm reaffirmed a “buy” rating and set a $12.00 price target on shares of Beachbody in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

Beachbody Stock Down 2.9 %

BODI opened at $6.61 on Monday. The stock has a market capitalization of $45.74 million, a P/E ratio of -0.42 and a beta of 1.12. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.54 and a current ratio of 0.64. Beachbody has a one year low of $5.14 and a one year high of $13.45. The business’s 50-day simple moving average is $6.38 and its 200-day simple moving average is $7.49.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BODI. Raine Capital LLC acquired a new stake in shares of Beachbody during the third quarter worth $4,287,000. Raine Group LLC purchased a new stake in shares of Beachbody in the third quarter valued at about $25,000. Rockefeller Capital Management L.P. acquired a new position in shares of Beachbody during the third quarter worth about $625,000. Whetstone Capital Advisors LLC acquired a new position in shares of Beachbody during the third quarter worth about $1,071,000. Finally, MSA Advisors LLC purchased a new position in Beachbody during the third quarter worth about $668,000. 74.48% of the stock is currently owned by hedge funds and other institutional investors.

About Beachbody

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.