Beachbody (NYSE:BODY) Shares Gap Up to $1.58

The Beachbody Company, Inc. (NYSE:BODYGet Rating) shares gapped up prior to trading on Wednesday . The stock had previously closed at 1.58, but opened at 1.67. Beachbody shares last traded at 1.63, with a volume of 3,832 shares changing hands.

Separately, DA Davidson dropped their price target on Beachbody to $2.50 and set a “na” rating for the company in a research note on Monday, May 16th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of 6.00.

The firm has a market capitalization of $511.20 million, a P/E ratio of -1.76 and a beta of 1.81. The company has a 50-day moving average of 1.77 and a 200-day moving average of 2.16.

Beachbody (NYSE:BODYGet Rating) last announced its earnings results on Tuesday, March 1st. The company reported -0.17 earnings per share (EPS) for the quarter. The company had revenue of 216.27 million for the quarter. Beachbody had a negative return on equity of 39.85% and a negative net margin of 32.12%. On average, equities research analysts predict that The Beachbody Company, Inc. will post -0.47 EPS for the current fiscal year.

About Beachbody (NYSE:BODY)

The Beachbody Company, Inc operates as a health and wellness platform that provides fitness, nutrition, and stress-reducing programs. It operates in two segments, Beachbody and Other. 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.

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