Beachbody (NYSE:BODI) Receives New Coverage from Analysts at Canaccord Genuity Group

Canaccord Genuity Group initiated coverage on shares of Beachbody (NYSE:BODI - Free Report) in a research report sent to investors on Friday morning, MarketBeat reports. The brokerage issued a buy rating and a $13.00 target price on the stock.

BODI has been the subject of a number of other reports. Canaccord Genuity Group assumed coverage on shares of Beachbody in a report on Friday. They issued a buy rating and a $13.00 target price for the company. Robert W. Baird cut their price target on shares of Beachbody from $12.00 to $10.00 and set a neutral rating on the stock in a report on Tuesday, May 7th. Roth Mkm dropped their price target on Beachbody from $15.00 to $14.00 and set a buy rating on the stock in a research note on Tuesday, May 7th. Finally, Baird R W upgraded shares of Beachbody to a hold rating in a research report on Tuesday, May 7th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Beachbody currently has an average rating of Moderate Buy and an average target price of $12.50.

Beachbody Price Performance

BODI stock traded up $0.42 during trading on Friday, hitting $9.06. 30,743 shares of the stock traded hands, compared to its average volume of 23,394. Beachbody has a 1 year low of $6.31 and a 1 year high of $28.50. The stock has a 50 day simple moving average of $9.32. The stock has a market capitalization of $62.24 million, a PE ratio of -0.40 and a beta of 1.19. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 0.26.

Beachbody (NYSE:BODI - Get Free Report) last issued its quarterly earnings data on Monday, March 11th. The company reported ($4.80) earnings per share for the quarter, missing the consensus estimate of ($2.25) by ($2.55). Beachbody had a negative return on equity of 85.56% and a negative net margin of 27.41%. The business had revenue of $119.01 million during the quarter, compared to the consensus estimate of $112.40 million. As a group, analysts anticipate that Beachbody will post -7.41 EPS for the current fiscal 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.