Noble Financial Reduces Earnings Estimates for Beachbody

The Beachbody Company, Inc. (NASDAQ:BODI) – Equities researchers at Noble Financial lowered their FY2027 earnings per share (EPS) estimates for shares of Beachbody in a research report issued on Wednesday, November 11th. Noble Financial analyst M. Kupinski now anticipates that the company will earn $1.15 per share for the year, down from their prior forecast of $1.17. The consensus estimate for Beachbody’s current full-year earnings is $0.22 per share.

Beachbody (NASDAQ:BODI) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.11 earnings per share for the quarter. The company had revenue of $49.61 million for the quarter. Beachbody had a return on equity of 32.72% and a net margin of 5.95%.

BODI has been the topic of a number of other research reports. Roth Capital restated a “neutral” rating and set a $9.00 price target on shares of Beachbody in a research note on Tuesday, August 11th. Weiss Ratings downgraded shares of Beachbody from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, October 6th. Wall Street Zen lowered shares of Beachbody from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Canaccord Genuity Group cut their target price on Beachbody from $16.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Beachbody presently has an average rating of “Hold” and a consensus price target of $12.00.

Beachbody Stock Performance

Shares of Beachbody stock opened at $3.34 on Thursday. The company has a market capitalization of $24.33 million, a PE ratio of 2.23 and a beta of 0.96. The company has a 50-day simple moving average of $4.71 and a two-hundred day simple moving average of $8.86. Beachbody has a one year low of $3.27 and a one year high of $16.87. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.61 and a current ratio of 0.79.

Institutional Trading of Beachbody

A number of hedge funds and other institutional investors have recently made changes to their positions in BODI. Renaissance Technologies LLC lifted its position in Beachbody by 94.9% during the first quarter. Renaissance Technologies LLC now owns 102,864 shares of the company’s stock valued at $1,117,000 after purchasing an additional 50,095 shares during the period. Citadel Advisors LLC grew its position in Beachbody by 104.6% during the 2nd quarter. Citadel Advisors LLC now owns 37,531 shares of the company’s stock worth $384,000 after purchasing an additional 19,189 shares during the period. NewEdge Advisors LLC purchased a new position in shares of Beachbody during the 2nd quarter valued at about $145,000. Finally, Dimensional Fund Advisors LP purchased a new position in shares of Beachbody during the 1st quarter valued at about $111,000. Institutional investors and hedge funds own 74.48% of the company’s stock.

About Beachbody

Beachbody, operating under the BODi brand, is a digital fitness and wellness company that provides at-home workout programs, nutrition guidance and related products through online and mobile platforms. Its offerings are designed to support exercise, weight management and broader healthy-lifestyle goals. The company’s portfolio has included on-demand workout content led by professional trainers, personalized fitness and nutrition programs, meal-planning resources, supplements and other wellness products.