Beachbody (NYSE:BODI – Get Free Report) had its target price decreased by stock analysts at Roth Mkm from $15.00 to $14.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Roth Mkm’s target price suggests a potential upside of 67.46% from the stock’s previous close.
Separately, Robert W. Baird reduced their target price on Beachbody from $12.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday.
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Beachbody Stock Performance
Beachbody (NYSE:BODI – Get Free Report) last released its earnings results on Monday, March 11th. The company reported ($4.80) EPS for the quarter, missing analysts’ consensus estimates of ($2.25) by ($2.55). The firm had revenue of $119.01 million during the quarter, compared to the consensus estimate of $112.40 million. Beachbody had a negative net margin of 28.96% and a negative return on equity of 79.49%. On average, sell-side analysts forecast that Beachbody will post -6.97 EPS for the current fiscal year.
About Beachbody
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.
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