MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Subscription revenue with a high retention rate is really valuable and a potential acquirer would view this very favorably. According to 11 analysts, the average rating for BODY stock is "Buy." The company's product offerings include digital subscriptions, nutritional products, and connected fitness products. 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. We offer the nations most popular in-home fitness content on-demand and through our live streaming platform. So the million-dollar question is: What is normal and when will the company's results reflect it? It all happens at the free AI Super Summit. quotes delayed at least 15 minutes, all others at least 20 minutes. I have no business relationship with any company whose stock is mentioned in this article. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. Making the world smarter, happier, and richer. Beachbody's mailing address is 1177 AVENUE OF THE AMERICAS FL 5, NEW YORK NY, 10036. In Q3, the company used cash of $113.8 million running its operation and burned through total cash of $147.4 million. The company can be reached via phone at 310-883-9000 or via email at beachbodyir@icrinc.com. More Financials. The Beachbody Company, Inc. is a digital fitness and nutrition subscription company, which creates content and brands. How Long Can Wingstop Stock Continue to Defy Gravity? 1125 N. Charles St, Baltimore, MD 21201. To make the world smarter, happier, and richer. Export data to Excel for your own analysis. This revenue came from Myx Fitness, which Beachbody acquired in June at the same time it went public. See the latest The Beachbody Co Inc Class A stock price (NYSE:BODY), related news, valuation, dividends and more to help you make your investing decisions. Should You Take a Cruise in Royal Caribbean Stock? Rounding out this list of hyper-growth stocks with incredible upside potential is Coinbase (NASDAQ:COIN). Most of this growth in interest income is derived from the companys USDC interest income, totaling $146 million. Notably, Coinbase has kicked off 2023 positively, posting impressive results. Adopt the AI Revolution Before It Crowns the Next-Generation of Billionaires. It operates in two segments, Beachbody and Other. It operates in two segments, Beachbody and Other. However, in its fiscal 2023 Q4 earnings report, Nvidia projected an income of $6 billion, which is almost exactly where it landed with $6.05 billion in revenue. Sales were down across its main businesses. Logically, as Americans stayed home, the workout videos became a popular alternative to the treadmill. Additionally, the subscription revenue associated with those bikes will also start to trickle in each month. Beachbody does not have a long track record of dividend growth. Himelson is also the author of a book series to teach kids about business: Kimmy and Jimmy's Business Adventures. On the other hand, the low implied Seeking Alpha authors have a bullish view of BODY. This is a strategy that has gained significant traction since the onset of the pandemic. The Motley Fool has no position in any of the stocks mentioned. the exchanges revenue sources away from transaction fees to reduce the companys reliance on favorable market conditions. Investors typically determine Beachbody value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Nvidia (NVDA): Nvidia just released some impressive financial results for fourth quarter. So what else is driving the health and wellness platform down? Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Nutritional products include Shakeology, Beachbody Performance supplements, BEACHBARs, and others. Does Dycom Industries (USA Stocks:DY) create value for investors? He is best known on Seeking Alpha for his article "The Trade That Netted Me More Than a 2000% Return."Mr. Invest better with The Motley Fool. The big share price dive on Nov. 16 was really all about Wall Street's reaction to The Beachbody Company's weak quarterly results. Beachbody stock price prediction is an act of determining, It is a matter of debate whether stock price prediction based on, Sophisticated investors, who have witnessed. Theres even room for more lines. On Wednesday (March 1), the EV leader will hold an investor day at the Gigafactory Texas. Free-Float. The Beachbody Company, Inc. (BODY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. Interest Expense is likely to rise to about 631.4 K in 2023, whereas Consolidated Income is likely to drop (211 M) in 2023. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. 52.70% of the stock of Beachbody is held by insiders. Finally, management is being prudent and given the pivot to work from anywhere, it has assigned the three years of its Santa Monica office lease, saving approximately $5 million in 2021 and $9 million annually through 2025. I wrote this article myself, and it expresses my own opinions. Copyright 2023 InvestorPlace Media, LLC. Shopifys exceptional performance during the pandemic resulted in a significant increase in sales, making it challenging to surpass those figures. Beachbody story: SHAREHOLDER ALERT Purcell Lefkowitz LLP Is Investigating The Beachbody Company,Inc for Potential Breaches of Fiduciary Duty By Its Board of Directors Marketscreenercom and other headlines for The Beachbody Supply chain issues led to this delay and that revenue will be recognized in Q4 when they're actually delivered. However, these events are big revenue drivers for BODY so it has a diversified business model that can thrive in both types of environments. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. Analyze and evaluate options and option chains as a potential hedge for your portfolios, Optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm, State of the art Portfolio Manager to monitor and improve performance of your invested capital, Is Beachbody's industry expected to grow? In contrast, Amazonvaluation is only two times its expected sales this year, and BigCommerces (NASDAQ:BIGC) is three times its projected revenue for 2023. Given these uncertainties, they should anticipate Shopifys stock will remain stagnant and underperform the broader market for at least the following year. Beachbody has received no research coverage in the past 90 days. Announces Fourth Quarter and Full Year 2022 Earnings Release Date, Conference Call and Webcast. Heres My Call. Shares of Beachbody Company (NYSE: BODY) popped more than 10% intraday Monday after the fitness brand began trading publicly via a SPAC deal. Heinbockel also warned readers of potential short-term volatility as it settles into its new price level. Beachbody is a holding company involved in offering streamed and live fitness, nutrition programs and various products. The consensus among Wall Street analysts is that investors should "hold" BODY shares. If you had invested in Beachbody Company stock at $10.20, your return over the last 2 years would have been -93.23%, for an annualized return of -73.97% (not including any dividends or dividend reinvestments). 2021 revenue or earnings targets that they provided to investors. this marks a 5% increase in revenue for the company. Union Pacific stock bolted 10% higher to 212.16 during market trade on Monday. This compares with the S&P 500 index's 0.8% decline last month. The current price is around $3.10 per share, so the updated call suggests there's still a lot of potential downside here. At the current cash-burn rate, the company would run out of cash in about one and one-third quarters. Learn More. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright Refinitiv. were stronger during the height of the pandemic. The Beachbody Company, Inc. (BODY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. Each of these warrants are exercisable at a price per share of $11.50, subject to adjustments. The Beachbody Company, Inc. One share of BODY stock can currently be purchased for approximately $0.65. We have developed some of the industrys most innovative and effective fitness solutions. 3 brokers have issued 1-year price objectives for Beachbody's shares. Shares of Beachbody (BODY) rose 1.91% in premarket trading to $2.13 vs. the post-SPAC range of $1.51 to $13.50. Announces Second Quarter 2022 Financial Results - Business Wire, The Beachbody Company, Inc. Finally, the companys full-year revenue was almost the same as the previous year, at $26.92 billion, but its profit was down substantially. 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. It also offers nutritional products, such as Shakeology, a once-a-day premium nutrition shake; Beachbody Perf However, when you dig into them further, the figures aren't so scary. 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. Shares of The Beachbody Company (BODY -7.47%), which provides fitness subscription services and sells fitness equipment and wellness products, were lower by as much as 16.5% in morning trading on Nov. 17. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Our 7 Top Picks. There was a lot of hype in the days before the merger was completed and then the price has fallen very quickly back this week. There is always the potential of losing money when you invest in securities or other financial products. To make the world smarter, happier, and richer. The previous year, the company posted a record-setting quarter with revenue of $7.64 billion, $3 billion of which was pure profit. These vehicles were viewed as a quicker and simpler mechanism to take a company public as opposed to going the traditional initial public offering route. Currently, its sitting at $3.70. While ratings are subjective and will change, the latest Beachbody Co ( BODY) rating was a maintained with a price target of $1.70 to $1.50. Walgreens Boots Alliance is a mouthful of a name, but its a great company for income investors. Read more on seekingalpha.com. EL SEGUNDO, Calif.--(BUSINESS WIRE)--The Beachbody Company, Inc. First Quarter 2022 Earnings Results. 1125 N. Charles St, Baltimore, MD 21201. WebBEACHBODY COMPANY INC's stock had its IPO on November 25, 2020, making it an older stock than only 10.03% of US equities in our set. This comes as more and more Americans go back to the gym. See what's happening in the market right now with MarketBeat's real-time news feed. All rights reserved. It also lets you turn on your video and join classes with others and get feedback and shout outs from trainers. According to analysts' consensus price target of $1.75, Beachbody has a forecasted upside of 171.1% from its current price of $0.65. On average, they predict the company's stock price to reach $1.75 in the next year. In contrast, Amazonvaluation is only two times its expected sales this year, and. This is because when it comes to tackling intricate computing assignments like artificial intelligence and machine learning, Nvidia chips are typically the preferred choice. Should I buy or sell Beachbody stock right now? Learn more. Compared to the companys third-quarter revenue of $576 million, this marks a 5% increase in revenue for the company. Per share, so the updated Call suggests there 's still a lot of potential downside here,! Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least following... Alliance is a strategy that has gained significant traction since the onset of the.... Revenue for the company 's product offerings include digital subscriptions, nutritional products include Shakeology, Beachbody and.... 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