Roth Capital Brokers Reduce Earnings Estimates for Beachbody

The Beachbody Company, Inc. (NYSE:BODI) – Analysts at Roth Capital decreased their FY2024 earnings per share (EPS) estimates for Beachbody in a report issued on Thursday, November 14th. Roth Capital analyst G. Kelly now expects that the company will post earnings of ($8.16) per share for the year, down from their previous estimate 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 reiterated a “buy” rating and issued a $12.00 target price on shares of Beachbody in a research note on Thursday, November 14th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Beachbody presently has an average rating of “Moderate Buy” and a consensus price target of $12.00.

Beachbody Stock Performance

Shares of BODI stock opened at $6.20 on Monday. Beachbody has a fifty-two week low of $5.14 and a fifty-two week high of $13.45. The stock’s 50-day moving average is $6.38 and its two-hundred day moving average is $7.44. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.64 and a quick ratio of 0.52. The firm has a market cap of $42.90 million, a P/E ratio of -0.39 and a beta of 1.12.

Institutional Investors Weigh In On Beachbody

Large investors have recently added to or reduced their stakes in the stock. Raine Group LLC bought a new stake in shares of Beachbody during the 3rd quarter worth $25,000. Mill Creek Capital Advisors LLC bought a new stake in shares of Beachbody during the 3rd quarter worth $186,000. Rockefeller Capital Management L.P. bought a new stake in shares of Beachbody during the 3rd quarter worth $625,000. MSA Advisors LLC bought a new stake in shares of Beachbody during the 3rd quarter worth $668,000. Finally, Whetstone Capital Advisors LLC bought a new stake in shares of Beachbody during the 3rd quarter worth $1,071,000. Institutional investors own 74.48% of the company’s stock.

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.