Noble Financial Reduces Earnings Estimates for Beachbody

The Beachbody Company, Inc. (NASDAQ:BODI) – Research analysts at Noble Financial decreased their FY2027 earnings per share (EPS) estimates for Beachbody in a report issued on Wednesday, November 11th. Noble Financial analyst M. Kupinski now forecasts that the company will post earnings of $1.15 per share for the year, down from their prior estimate 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 EPS for the quarter. The business had revenue of $49.61 million for the quarter. Beachbody had a net margin of 5.95% and a return on equity of 32.72%.

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

Beachbody Price Performance

NASDAQ:BODI opened at $3.34 on Thursday. The company has a 50 day moving average price of $4.71 and a 200-day moving average price of $8.86. Beachbody has a 1-year low of $3.27 and a 1-year high of $16.87. The firm has a market cap of $24.33 million, a price-to-earnings ratio of 2.23 and a beta of 0.96. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.79 and a quick ratio of 0.61.

Institutional Inflows and Outflows

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