Canaccord Genuity Group Raises Beachbody (NASDAQ:BODI) Price Target to $9.00

Beachbody (NASDAQ:BODI) had its price target upped by Canaccord Genuity Group from $7.00 to $9.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 52.80% from the stock’s previous close.

BODI has been the subject of several other reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Beachbody in a research note on Wednesday, October 8th. Noble Financial initiated coverage on shares of Beachbody in a report on Tuesday, October 28th. They set an “outperform” rating for the company. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Beachbody has a consensus rating of “Hold” and an average target price of $8.00.

Beachbody Stock Performance

NASDAQ:BODI opened at $5.89 on Tuesday. The stock has a 50-day moving average price of $5.68 and a 200 day moving average price of $4.80. The stock has a market capitalization of $41.64 million, a P/E ratio of -0.95 and a beta of 1.23. Beachbody has a 12-month low of $3.38 and a 12-month high of $8.71. The company has a current ratio of 0.65, a quick ratio of 0.48 and a debt-to-equity ratio of 0.93.

Beachbody (NASDAQ:BODI) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of ($0.54) by $1.05. Beachbody had a negative return on equity of 78.72% and a negative net margin of 15.09%.The company had revenue of $59.89 million for the quarter, compared to analysts’ expectations of $55.15 million. Beachbody has set its Q4 2025 guidance at EPS. Equities research analysts forecast that Beachbody will post -8.16 EPS for the current fiscal year.

Institutional Trading of Beachbody

An institutional investor recently raised its position in Beachbody stock. Whetstone Capital Advisors LLC grew its stake in shares of The Beachbody Company, Inc. (NASDAQ:BODI) by 78.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 335,562 shares of the company’s stock after purchasing an additional 147,466 shares during the quarter. Beachbody makes up approximately 1.1% of Whetstone Capital Advisors LLC’s investment portfolio, making the stock its 21st largest position. Whetstone Capital Advisors LLC owned approximately 4.80% of Beachbody worth $2,513,000 as of its most recent filing with the Securities and Exchange Commission. 74.48% of the stock is owned by institutional investors.

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.