EL SEGUNDO, Calif. , April 19, 2022 /PRNewswire/ -- The Beachbody Company, Inc. (NYSE: BODY) ("Beachbody" or the "Company"), a leading subscription health and wellness company, today announced that Su EL SEGUNDO, Calif.--(BUSINESS WIRE)--BODY First Quarter Earnings Date Announcement. Real-time analyst ratings, insider transactions, earnings data, and more. While the number of digital subscriptions edged up 1% YOY to 2.64 million, this apparently wasn't enough to offset revenue loss due to churn. There are a total of 15,333,333 warrants outstanding that could be converted into Class A common stock if exercised. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. This article will look at three hyper-growth stocks with the potential for incredible upside. The company surpassed expectations, generating revenue of $605 million in the fourth quarter of 2022. The Company will host a conference call at 5:00 p.m. (Eastern Time) that day to Identify stocks that meet your criteria using seven unique stock screeners. The Beachbody Company, Inc. (NYSE:BODY) was a company founded before 2000 that was recently taken public via a SPAC and has taken a beating partly because of the general disfavor for SPACs by the market. 2021 revenue or earnings targets that they provided to investors. Beachbody was taken public last year via a SPAC and has dropped precipitously since its initial listing. However, when you dig into them further, the figures aren't so scary. Beachbody's mailing address is 1177 AVENUE OF THE AMERICAS FL 5, NEW YORK NY, 10036. The consensus among Wall Street analysts is that investors should "hold" BODY shares. The all-time high Beachbody stock closing price was 12.74 on June 28, 2021. A price objective of $2.40 is set on Beachbody Company (BODY). Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "129200". WebStock analysis for Beachbody Co Inc/The (FRX) including stock price, stock chart, company news, key statistics, fundamentals and company profile. However, today's drop needs to be put into a larger context, given that the stock has now lost about a third of its value in just the last two days. On Wednesday (March 1), the EV leader will hold an investor day at the Gigafactory Texas. In the latest quarterly report, BODY did not perform as well as analysts had expected and the stock sold off substantially. 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. The reason is most likely desirable developments at work - i.e., somebody knows something. Day Range 0.682 - On the date of publication, Shrey Dua did not have (either directly or indirectly) any positions in the securities mentioned in this article. Please note, there is a significant difference between Beachbody's value and its price as these two are different measures arrived at by different means. Top institutional shareholders include HighTower Advisors LLC (0.32%), Renaissance Technologies LLC (0.12%), Charles Schwab Investment Management Inc. (0.07%), Sculptor Capital LP (0.00%), Commonwealth Equity Services LLC (0.03%) and Morgan Stanley (0.03%). Most investors and analysts believe that BODY is similar to PTON in that it would perform better during a COVID surge because less people would go into a gym and would prefer at-home workouts. Or is there an opportunity to expand the business' product line in the future? Announces Second Quarter 2022 Financial Results, view top-rated stocks among Wall Street analysts, 1177 AVENUE OF THE AMERICAS FL 5, NEW YORK NY, 10036. Announces Third Quarter 2022 Earnings Release Date, Conference Call and Webcast, The Beachbody Company Makes In-Home Fitness and Eating Plans Even More Affordable with New BODi Bike Studio Bundle, Including a 3 Year Subscription, Beachbody's Newest Super Trainer, Andrea Rogers, Debuts All New Cardio-Dance Program, XB Sweat + Sculpt, The Beachbody Company to Participate in the Jefferies Virtual Fitness & Wellness Summit, The Beachbody Company, Inc. Many investors may have factored in unrealistically high growth rates into Shopifys valuation, anticipating continued rapid expansion indefinitely. Article printed from InvestorPlace Media, https://investorplace.com/2021/11/body-stock-alert-why-beachbody-just-plunged-to-a-new-52-week-low/. On Wednesday (March 1), the EV leader will hold an investor day at the Gigafactory Texas. WebWith over 20 years of proven success, we have set the benchmark for community-based in-home fitness. Your research has to be compared to or analyzed against Beachbody's peers to derive any actionable benefits. Is this happening to you frequently? It is worth noting that many major companies from Facebook (FB), to Snapchat (SNAP) and PTON noted that Apple's (AAPL) iOS 14.5 changes proved challenging and increased their marketing costs while simultaneously making them less efficient. The official website for the company is www.spacroadone.com. Given these uncertainties, they should anticipate Shopifys stock will remain stagnant and underperform the broader market for at least the following year. Amanda Krause/Insider. This company empowers small and medium-sized businesses to establish online stores quickly through its comprehensive software solutions. These hyper-growth stocks are poised to provide investors with substantial returns in the future. Our 7 Top Picks. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. As a result, nearly half of startups that went public via a SPAC with less than $10 million in annual revenue have failed, or are expected to fail, to meet their 2021 revenue or earnings targets that they provided to investors. Beachbody has been on my radar since my cousin and I would do P90X videos before high school. Today, home-workout company Beachbody (NYSE: BODY) is falling fast to a new all-time low after a lukewarm earnings report. Thats because while these companies have higher growth rates than the market, they also carry higher risk. Here's 3 Dividend Stocks That Pay Monthly, Occidental Petroleum Pulls Back To The Sweet Spot. Lorem ipsum dolor sit amet, consectetur adipiscing elit. If we look at stock returns, both have seen strong growth, with Merck rising 43% and Eli Lillys 29% in the last twelve months, significantly outperforming the broader Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. EL SEGUNDO, Calif.--(BUSINESS WIRE)--The Beachbody Company, Inc. (NYSE: BODY) (Beachbody or the Company), a leading subscription health and wellness company, will release its fourth quarter and fu EL SEGUNDO, Calif.--(BUSINESS WIRE)--The Beachbody Company, Inc. (NYSE: BODY) (the "Company" or "Beachbody"), a leading subscription health and wellness company, today announced that Carl Daikeler, Co Every few days, I read or hear the news that strongly indicates that the U.S. is not going to undergo a recession in 2023. Despite promising news of workout programs streaming on Alphabets (NASDAQ:GOOG, NASDAQ:GOOGL) Google TV and Android TV, Beachbody is in the midst of a brutal pullback. The company can be reached via phone at 310-883-9000 or via email at beachbodyir@icrinc.com. The Beachbody 52-week low stock price is 0.50, which is 18% below the current share price. There arent many silver linings in sight for this company, which has dubbed itself the future of fitness. Aside from the GoogleTV streaming announcement, much of the earnings report was negative. 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). Most of this growth in interest income is derived from the companys USDC interest income, totaling $146 million. Sign in to your free account to enjoy all that MarketBeat has to offer. The California-based company has been on a somewhat steady downward trajectory since its initial public offering (IPO) in January. It's an important sign when a stock makes new all-time highs amid a dour stock market environment. On Nov. 16, Beachbody stock dropped nearly 21% following the company's release of its third-quarter results after the market close on the prior day. Article printed from InvestorPlace Media, https://investorplace.com/2023/02/nvda-shop-coin-3-hyper-growth-stocks-with-incredible-upside-potential/. The primary catalyst for the subscription fitness and wellness company stock's drop was its release of a weak third-quarter report, which included a significant reduction in full-year guidance. BODY reported revenue of $207.05M and GAAP EPS of -$0.13 per share. Announces Third Quarter 2022 Earnings Release Date, Conference Call and Webcast, The Beachbody Company Makes In-Home Fitness and Eating Plans Even More Affordable with New BODi Bike Studio Bundle, Including a 3 Year Subscription - Business Wire, The Beachbody Company Makes In-Home Fitness and Eating Plans Even More Affordable with New BODi Bike Studio Bundle, Including a 3 Year Subscription, Beachbodys Newest Super Trainer, Andrea Rogers, Debuts All New Cardio-Dance Program, "XB Sweat + Sculpt", Beachbody Company (NYSE:BODY) shareholders have endured a 81% loss from investing in the stock a year ago - Nasdaq, Beachbody Company (NYSE:BODY) shareholders have endured a 81% loss from investing in the stock a year ago, The Beachbody Company to Participate in the Jefferies Virtual Fitness & Wellness Summit - Business Wire, The Beachbody Company to Participate in the Jefferies Virtual Fitness & Wellness Summit, Beachbody Company Misses Q2 EPS by 3c By Investing.com - Investing.com India, The Beachbody Company, Inc. In the nine months ended in September 30, 2021, BODY used $139 million in cash for operating activities and $108.35 million in investing activities. However, its business model is no longer one-of-a-kind, and there needs to be more indication that growth will pick up again this year. Market Cap. One share of BODY stock can currently be purchased for approximately $0.65. Thomas Barwick/DigitalVision via Getty Images. 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. Sign up below to get this incredible offer! It operates in two segments, Beachbody and Other. Sign up below to get this incredible offer! Fundamental company data and analyst estimates provided by FactSet. You can read about the details of expected earnings, their plans and products through the investor presentation. 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. 2023 InvestorPlace Media, LLC. . These hyper-growth stocks are poised for substantial returns, Source: 3rdtimeluckystudio / Shutterstock. The Beachbody Company, Inc. operates as a health and wellness platform that provides fitness, nutrition, and stress-reducing programs. Beachbody's stock was trading at $0.5260 at the beginning of the year. The Motley Fool has a disclosure policy. Net loss was $0.13 per share, down from earnings per share of $0.05 in the year-ago period. I am not receiving compensation for it (other than from Seeking Alpha). If you have an ad-blocker enabled you may be blocked from proceeding. hese companies are often at the forefront of innovation. As of December 31, 2021, the company had 2.5 million digital and 0.3 million nutritional subscriptions. Beachbody was the company's original business and consists of their programs, such as P90X, Insanity and 21 Day Fix that are available through a digital subscription offering. The search for tophyper-growth stocksmay be less of a priority for many investors. WebThe Beachbody Company, Inc. (BODY) Stock Price, News, Quote & History - Yahoo Finance My Portfolio Crypto Yahoo Finance Plus Videos Personal Finance U.S. markets Theres even room for more lines. However, it added 1% to its digital subscribers with 2.64 million (a 55% increase compared to 2019). This is a significant increase from the $101.8 million reported in the previous quarter. Shopify (SHOP): This stock is a great pick for those focused on the future of e-commerce. In Q3, revenue fell 17% year over year to $208.1 million. Analysts are increasingly upbeat about Alibaba BABA 1.54% stock in the wake of the groups quarterly earnings, which supported the The Companys platforms include the Beachbody On Demand streaming platform (BOD), the live digital streaming platforms Beachbody On Demand Interactive Beachbody saw a increase in short interest during the month of January. Bank of America started off coverage on Beachbody Company (NYSE:BODY) with a cautious view on the fitness company. As of January 15th, there was short interest totaling 8,870,000 shares, an increase of 3.0% from the previous total of 8,610,000 shares. Shares of The Beachbody Company plummeted 50.6% in November, according to data from S&P Global Market Intelligence. Regardless, if you invest at these levels and the stock broaches the $11.50 level, I think most investors would be fine with the dilution after that return. Please note, it is not enough to conduct a financial or market analysis of a single entity such as Beachbody. BODY has surely had its own missteps but I believe BODY has been pushed further down because of this general negative sentiment to all SPACs currently. Beachbody does not currently pay a dividend. Analyst Joanna Zhao and team said they are are constructive on the large fitness total addressable market and long-term margin benefit from subscription mix shift, however they think Beachbody (BODY) is valued at a fair discount to the broader comp group due to lower growth, lower margins, higher churn, expected losses through 2023 and possible liquidity concerns. Shares of The Beachbody Company (BODY -7.47%) plummeted 50.6% in November, according to data from S&P Global Market Intelligence. Connected fitness revenue was $5.9 million in the quarter, compared to none in 2020 because that preceded the Myx Fitness acquisition. Compare Top Brokerages Here. This compares with the S&P 500 index's 0.8% decline last month. Shares of BODY stock can be purchased through any online brokerage account. Nvidia (NVDA): Nvidia just released some impressive financial results for fourth quarter. Additionally, digital retention on a month-over month basis was 95.6% (a 50-basis point increase). Bank of America tagged Beachbody (BODY) with a Neutral rating, which is said to reflect the potential need of the company to raise capital to fund losses and a general preference for reopening stocks in the first half of the year. According to 11 analysts, the average rating for BODY stock is "Buy." All rights reserved. The 12-month stock price forecast is $1.59, which is an increase of 146.32% from the latest price. It has established a strong reputation as one of the most desirable chip manufacturers in the world. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Beachbody has received no research coverage in the past 90 days. Union Pacific stock bolted 10% higher to 212.16 during market trade on Monday. The Beachbody Company, Inc. operates as a health and wellness platform that provides fitness, nutrition, and stress-reducing programs. The fitness and . View which stocks are hot on social media with MarketBeat's trending stocks report. However, I think the selloff has been overdone and believe BODY represents and asymmetric risk/reward opportunity. Data may be intentionally delayed pursuant to supplier requirements. The subscriptions are renewed on a monthly, quarterly, or annual basis and include unlimited access to a library of live and on-demand fitness and nutrition content. 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. WebAnalyst Ratings Beachbody Co. Inc. Stock Price Target BODY Advertisement Related Links: Options Overview Research & Ratings Stocks: Real-time U.S. stock quotes reflect View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. is due to its reputation as a groundbreaking growth stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BODY, but not buy additional shares or sell existing shares. Earnings for Beachbody are expected to grow in the coming year, from ($0.46) to ($0.22) per share. TRKA Stock: Have Retail Investors Found a Gem in Troika Media Group? However, regardless of the outcome, Nvidia is a promising investment opportunity with potential significant returns. Get short term trading ideas from the MarketBeat Idea Engine. WebData & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. Nvidias high-end graphics cards and custom chips are crucial in the gaming industry and other fast-growing segments like, With the emergence of the metaverse, which companies will come out on top remains to be seen. This might drive the stock higher in the near term. WebAbout The Beachbody Co. ( BODY) Beachbody has developed and offering an in-home fitness and weight loss solutions. 1125 N. Charles St, Baltimore, MD 21201. Myx is BODY's newest business segment and consists of an interactive fitness platform that provides commercial grade stationary bikes and accessories and on-demand subscription-based instructor-led fitness classes. : Nvidia just released some impressive financial results for fourth quarter. It will have to raise cash soon -- through either taking on debt or issuing more shares, which would dilute current shareholders' ownership. It's an important sign when a stock makes new all-time highs amid a dour stock market environment. Announces Second Quarter 2022 Financial Results - Yahoo Finance, Beachbody Company Misses Q2 EPS by 3c By Investing.com - Investing.com, The Beachbody Company, Inc. (BODY) CEO Carl Daikeler on Q2 2022 Results - Earnings Call Transcript, Beachbody Company Misses Q2 EPS by 3c By Investing.com - Investing.com Australia, The Beachbody Company, Inc. 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. While Shopifys future remains promising, its main issue is its valuation. Walgreens Boots Alliance is a mouthful of a name, but its a great company for income investors. He is best known on Seeking Alpha for his article "The Trade That Netted Me More Than a 2000% Return."Mr. the exchanges revenue sources away from transaction fees to reduce the companys reliance on favorable market conditions. From cutting-edge technology to innovative e-commerce platforms, these companies are changing the game and are worth a closer look for investors who are seeking high-growth opportunities. Is this happening to you frequently? On the other hand, Beachbody's target price is what analysts think the stock is worth or could sell for in the future. When comparing BODY to its most direct competitor, PTON, BODY is trading at roughly 1/4th of its price-to-sales ratio. 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. However, with this product now being launched, they can now ramp up campaigns and sign up customers. On the other hand, the low implied American Consumer News, LLC dba MarketBeat 2010-2023. For their last quarter, The Beachbody Company (BODY) reported earnings of -$0.10 per share, beating the Zacks Consensus Estimate of $-0.12 per share. BODY has surely had its own missteps but I believe BODY has been pushed further down because of this general negative sentiment to all SPACs currently. The new product category of having the bike will bring new customers to the platform and help their flywheel of cross-selling nutrition products. Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. The Motley Fool has no position in any of the stocks mentioned. The Beachbody Company, Inc. (BODY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. Coinbases CEO, Brian Armstrong, had. Tesla Stock: The Potential Catalysts That Could Send Shares Higher. Openfit is a personalized nutrition programming and tracking app with live group classes. This is because when it comes to tackling intricate computing assignments like artificial intelligence and machine learning, Nvidia chips are typically the preferred choice. 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. All rights reserved. After taking a break from its big year-to-date rally, Tesla ( NASDAQ:TSLA) shares have resumed their upward trajectory and there is an upcoming catalyst that could sustain the uptick. I wrote this article myself, and it expresses my own opinions. WebThe Beachbody Company is a market-leading health and wellness enterprise. This comes as more and more Americans go back to the gym. Those are staggering figures and make one think they would run out of cash soon when extrapolating out those figures. Jeffrey Himelson is a corporate lawyerpracticing in NYC. Their BODY share price forecasts range from $1.50 to $2.00. 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