Roth Capital Downgrades Beachbody (NYSE:BODI) to Hold

Beachbody (NYSE:BODI) was downgraded by equities researchers at Roth Capital from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports. Roth Capital also issued estimates for Beachbody’s FY2026 earnings at ($5.33) EPS.

BODI has been the subject of several other research reports. Roth Mkm reaffirmed a “neutral” rating and set a $7.00 price objective (down previously from $12.00) on shares of Beachbody in a research report on Tuesday. Canaccord Genuity Group reaffirmed a “buy” rating and set a $13.00 price target on shares of Beachbody in a report on Friday, March 28th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $11.00.

Beachbody Stock Performance

Shares of NYSE:BODI opened at $7.42 on Tuesday. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 0.17. Beachbody has a 12-month low of $5.14 and a 12-month high of $10.80. The company’s 50 day moving average price is $7.35 and its two-hundred day moving average price is $6.71. The firm has a market cap of $51.38 million, a PE ratio of -0.47 and a beta of 1.13.

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

Institutional Investors Weigh In On Beachbody

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Rockefeller Capital Management L.P. bought a new position in Beachbody during the 3rd quarter worth $625,000. Raine Capital LLC acquired a new stake in shares of Beachbody in the third quarter valued at about $4,287,000. Summit Financial LLC bought a new position in shares of Beachbody during the fourth quarter worth about $104,000. Finally, Raine Group LLC acquired a new position in shares of Beachbody in the third quarter worth approximately $25,000. Institutional investors own 74.48% of the company’s stock.

Beachbody Company Profile

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.