Robert W. Baird Lowers Beachbody (NYSE:BODI) Price Target to $10.00

Beachbody (NYSE:BODI) had its target price dropped by analysts at Robert W. Baird from $12.00 to $10.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s price target indicates a potential upside of 19.62% from the company’s current price.

Beachbody Price Performance

NYSE BODI opened at $8.36 on Tuesday. The company has a fifty day moving average of $9.33. The company has a quick ratio of 0.57, a current ratio of 0.72 and a debt-to-equity ratio of 0.26. Beachbody has a 1 year low of $6.31 and a 1 year high of $28.50. The firm has a market capitalization of $57.10 million, a P/E ratio of -0.34 and a beta of 1.19.

Beachbody (NYSE:BODI) last released its quarterly earnings results on Monday, March 11th. The company reported ($4.80) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.25) by ($2.55). Beachbody had a negative return on equity of 79.49% and a negative net margin of 28.96%. The firm had revenue of $119.01 million for the quarter, compared to analysts’ expectations of $112.40 million. On average, research analysts expect that Beachbody will post -6.97 earnings per share for the current year.

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.