Beachbody (NYSE:BODY) Trading Down 4.3%

The Beachbody Company, Inc. (NYSE:BODY – Get Rating)’s share price dropped 4.3% during mid-day trading on Tuesday . The stock traded as low as $0.43 and last traded at $0.43. Approximately 456,089 shares traded hands during mid-day trading, an increase of 10% from the average daily volume of 415,364 shares. The stock had previously closed at $0.45.

Analyst Upgrades and Downgrades

BODY has been the topic of several analyst reports. Credit Suisse Group lowered their price target on shares of Beachbody from $1.50 to $1.35 and set a “neutral” rating on the stock in a report on Wednesday, March 15th. Robert W. Baird lowered their price target on shares of Beachbody from $1.25 to $0.50 and set a “neutral” rating on the stock in a report on Thursday, March 16th.

Beachbody Stock Down 4.3 %

The firm has a market cap of $138.20 million, a price-to-earnings ratio of -0.89 and a beta of 1.43. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.69 and a current ratio of 0.96. The business’s 50-day moving average is $0.48 and its 200-day moving average is $0.61.

Beachbody (NYSE:BODY – Get Rating) last announced its earnings results on Tuesday, March 14th. The company reported ($0.09) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.09). The business had revenue of $148.17 million during the quarter. Beachbody had a negative net margin of 23.48% and a negative return on equity of 54.62%. On average, equities analysts predict that The Beachbody Company, Inc. will post -0.16 EPS for the current year.

Institutional Investors Weigh In On Beachbody

A number of hedge funds have recently added to or reduced their stakes in BODY. Commonwealth Equity Services LLC grew its holdings in Beachbody by 42.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 95,931 shares of the company’s stock worth $50,000 after acquiring an additional 28,392 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of Beachbody by 99.7% in the 4th quarter. HighTower Advisors LLC now owns 1,001,500 shares of the company’s stock valued at $527,000 after purchasing an additional 500,000 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Beachbody by 192.5% in the 4th quarter. Bank of America Corp DE now owns 67,007 shares of the company’s stock valued at $35,000 after purchasing an additional 44,101 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Beachbody by 12.1% in the 4th quarter. Renaissance Technologies LLC now owns 378,000 shares of the company’s stock valued at $199,000 after purchasing an additional 40,800 shares during the last quarter. Finally, Virtu Financial LLC boosted its stake in shares of Beachbody by 120.4% in the 4th quarter. Virtu Financial LLC now owns 74,130 shares of the company’s stock valued at $39,000 after purchasing an additional 40,491 shares during the last quarter. Institutional investors own 19.65% of the company’s stock.

Beachbody Company Profile

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The Beachbody Company, Inc operates as a health and wellness platform that provides fitness, nutrition, and stress-reducing programs. It operates in two segments, Beachbody and Other. 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.