Beachbody’s (BODI) Buy Rating Reaffirmed at Canaccord Genuity Group

Posted by Renee Jackson on Mar 29th, 2025

Canaccord Genuity Group reissued their buy rating on shares of Beachbody (NYSE:BODI – Free Report) in a research note released on Friday,Benzinga reports. The firm currently has a $13.00 price target on the stock.

Beachbody Stock Down 6.2 %

NYSE BODI opened at $7.51 on Friday. Beachbody has a 52 week low of $5.14 and a 52 week high of $10.80. The firm has a market capitalization of $51.96 million, a price-to-earnings ratio of -0.48 and a beta of 1.13. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average of $7.31 and a two-hundred day moving average of $6.68.

Beachbody (NYSE:BODI – Get Free Report) last released its quarterly earnings results on Thursday, March 27th. The company reported ($1.89) EPS for the quarter, topping analysts’ consensus estimates of ($2.88) by $0.99. Beachbody had a negative net margin of 22.62% and a negative return on equity of 94.29%. The firm had revenue of $86.37 million during the quarter, compared to analysts’ expectations of $81.71 million. On average, analysts predict that Beachbody will post -8.16 earnings per share for the current year.

Institutional Investors Weigh In On Beachbody

A number of institutional investors and hedge funds have recently modified their holdings of the business. Rockefeller Capital Management L.P. grew its position in Beachbody by 38.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 151,410 shares of the company’s stock valued at $931,000 after acquiring an additional 42,079 shares during the last quarter. Summit Financial LLC purchased a new stake in shares of Beachbody during the fourth quarter valued at $104,000. Raine Capital LLC bought a new position in shares of Beachbody in the third quarter worth about $4,287,000. Finally, Raine Group LLC purchased a new position in Beachbody in the 3rd quarter worth about $25,000. 74.48% of the stock is owned by institutional investors.

Beachbody Company Profile

(Get Free Report)

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.