Analyst Joanna Zhao and team said they are are constructive on the large fitness total addressable market and long-term margin benefit from subscription mix shift, however they think Beachbody (BODY) is valued at a fair discount to the broader comp group due to lower growth, lower margins, higher churn, expected losses through 2023 and possible liquidity concerns. Learn More. The Beachbody Co., Inc. operates as a health and wellness company. At its current price of $40 per share, the company has an enterprise value of $51.6 billion, or eight times the projected revenue for 2023. Making the world smarter, happier, and richer. However, regardless of the outcome, Nvidia is a promising investment opportunity with potential significant returns. This is a strategy that has gained significant traction since the onset of the pandemic. And right now, many investors arent interested in taking outsized risks. BODY reported revenue of $207.05M and GAAP EPS of -$0.13 per share. Please disable your ad-blocker and refresh. Identify stocks that meet your criteria using seven unique stock screeners. It continued Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Digital subscriptions include Beachbody On Demand (BOD) and Openfit. Beachbody does not have a long track record of dividend growth. 2023 InvestorPlace Media, LLC. This is an additional premium subscription that can be purchased on top of Beachbody on Demand and provides an immersive personalized experience. Baird also lowered its rating to neutral, while throwing out a price target of $4. He previously worked as a research analyst at a hedge fund and graduated from Columbia Law School in 2017. To see all exchange delays and terms of use please see Barchart's disclaimer. And it couldnt be more wrong! Notably, these resultswere stronger during the height of the pandemic. WebThe Beachbody Company, Inc. stock was originally listed at a price of $10.20 in Nov 25, 2020. It operates in two segments, Beachbody and Other. However, I think the selloff has been overdone and believe BODY represents and asymmetric risk/reward opportunity. Nvidia (NVDA): Nvidia just released some impressive financial results for fourth quarter. While Shopifys future remains promising, its main issue is its valuation. Sign up below to get this incredible offer! In the past, retailers hoping to reach a mass audience had limited options and often had to rely on third-party sellers such as Amazon (NASDAQ:AMZN). The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings. Finally, the companys full-year revenue was almost the same as the previous year, at $26.92 billion, but its profit was down substantially. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Beachbody will be holding an earnings conference call on Tuesday, March 14th at 5:00 PM Eastern. I have no business relationship with any company whose stock is mentioned in this article. Announces Fourth Quarter and Full Year 2022 Earnings Release Date, Conference Call and Webcast, The Beachbody Company, Inc. to Present at Singular Research's Emerging Growth & Value Alpha Leaders Webinar on February 23, 2023, at 11:30am ET, 7 Consumer Discretionary Stocks to Buy if You Don't Think a Recession Is Coming, The Beachbody Company, Inc. Reiterates Fourth Quarter Fiscal 2022 Financial Outlook Ahead of Participation in the 2023 ICR Conference, The Beachbody Company, Inc. The company is prominently known as the largestcryptocurrency exchange in the US. Since Beachbody went public on June 28 via a special acquisition purpose company (SPAC), its shares have plunged 80%, as of Dec. 6. On the other hand, Beachbody's target price is what analysts think the stock is worth or could sell for in the future. 01/05 13:05. Its unclear what steps Beachbody will need to take to return to favor. Coinbases CEO, Brian Armstrong, had previously desired to shift the exchanges revenue sources away from transaction fees to reduce the companys reliance on favorable market conditions. WebThe FRX/Beachbody merger is completed and I think this is one of the most exciting mergers I have seen this year. On the liability side, it has current liabilities of $277.67 million, with deferred revenue constituting the largest segment with $127.89 million. Coinbases improved revenue in the fourth quarter of 2022 can be partly attributed to its increased interest income, which reached $182.2 million. Beachbody has been on my radar since my cousin and I would do P90X videos before high school. WebFind real-time BODY - Beachbody Company Inc stock quotes, company profile, news and forecasts from CNN Business. Nvidia (NVDA): Nvidia just released some impressive financial results for fourth quarter. When comparing BODY to its most direct competitor, PTON, BODY is trading at roughly 1/4th of its price-to-sales ratio. The bottom-line picture was equally bad. It all happens at the free AI Super Summit. Seeking Alpha - Clark Schultz 12d. However, the companys recent financial results could have been more impressive, causing a drop of more than 70% in its stock price since late 2021. This article will look at three hyper-growth stocks with the potential for incredible upside. The Beachbody Company, Inc. operates as a health and wellness platform that provides fitness, nutrition, and stress-reducing programs. One reason for this decline is that BODY relies on trainers that act as independent contractors and sell supplements through events. WebBeachbody reported Gross Profit of 626.73 Million in 2022. So what else is driving the health and wellness platform down? All rights reserved. A price objective of $2.40 is set on Beachbody Company (BODY). Alibaba ( NYSE: BABA) is a dominant player in the growing Chinese cloud computing and e-commerce markets. The current price of Beachbody is the price at which Beachbody is currently trading. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BODY, but not buy additional shares or sell existing shares. its revenue consists of 75% subscription revenue while PTON's is just under 30%. The current price is around $3.10 per share, so Indeed, whiletodays dynamic and fast-paced economy demands that investors always seek opportunities to maximize their returns, these hyper-growth stocks can be more fickle to assess. 1125 N. Charles St, Baltimore, MD 21201. Is Target Stock Aiming For A Breakout In 2023? Beachbody's stock was trading at $0.5260 at the beginning of the year. We have developed some of the industrys most innovative and effective fitness solutions. Beachbody's stock is owned by many different retail and institutional investors. All rights reserved. Connected-fitness revenue was $5.9 million, compared to none in the year-ago period. By accessing this page, you agree to the following Nvidia has recently released its financial results for the fourth quarter and full year. Heres My Call. contact@marketbeat.com Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Our business leverages a proven and profitable model based on best-in-class programming, ongoing customer acquisition efforts, and key lifetime revenue drivers. Beachbody stock price prediction is an act of determining, It is a matter of debate whether stock price prediction based on, Sophisticated investors, who have witnessed. This newly public company's performance hasn't yet shown it deserves your investment dollars. Chris MacDonalds love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. Does Dycom Industries (USA Stocks:DY) create value for investors? Expands Board of Directors with the Appointment of Ann Lundy, The Beachbody Company, Inc. Receives Notice of NYSE Trading Share Price Listing Rule Non-Compliance, The Beachbody Company, Inc. (BODY) Upgraded to Buy: Here's Why, The Beachbody Company, Inc. Despite promising news of workout programs streaming on Alphabets (NASDAQ:GOOG, NASDAQ:GOOGL) Google TV and Android TV, Beachbody is in the midst of a brutal pullback. While the number of digital subscriptions edged up 1% YOY to 2.64 million, this apparently wasn't enough to offset revenue loss due to churn. EL SEGUNDO, Calif., February 21, 2023--The Beachbody Company, Inc. (NYSE: BODY) ("Beachbody" or the "Company"), a leading subscription health and wellness company, will release its fourth quarter and full year Invest better with The Motley Fool. In the quarter 14,700 bikes were sold. This company is best known as a top producer of advanced microprocessors and hardware products. TRKA Stock: Have Retail Investors Found a Gem in Troika Media Group? Export data to Excel for your own analysis. How Long Can Wingstop Stock Continue to Defy Gravity? International stock quotes are delayed as per exchange requirements. Management lowered its full-year revenue guidance, citing "delayed product launches, media spend reassessment, COVID-related consumer behavior and market uncertainty." 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. WebBODY Stock Is Up 23% This Week. . Additionally, its largest long-term liability was its lease, at approximately $24 million, which as discussed earlier, will be removed since it assigned that lease. Fundamental company data and analyst estimates provided by FactSet. Invest better with The Motley Fool. Beachbody does not currently pay a dividend. Buy THIS stock before Taiwan is attacked (Ad). Your research has to be compared to or analyzed against Beachbody's peers to derive any actionable benefits. However, these events are big revenue drivers for BODY so it has a diversified business model that can thrive in both types of environments. So the million-dollar question is: What is normal and when will the company's results reflect it? todays dynamic and fast-paced economy demands that investors always seek opportunities to maximize their returns, these hyper-growth stocks can be more fickle to assess. Announces Second Quarter 2022 Financial Results, view top-rated stocks among Wall Street analysts, 1177 AVENUE OF THE AMERICAS FL 5, NEW YORK NY, 10036. Subscription revenue with a high retention rate is really valuable and a potential acquirer would view this very favorably. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. It offers holistic health and wellness platforms. Amanda Krause/Insider. Is this happening to you frequently? Copyright 2023 InvestorPlace Media, LLC. Currently, 7.4% of the company's stock are short sold. This compares with the S&P 500 index's 0.8% decline last month. If you have an ad-blocker enabled you may be blocked from proceeding. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. There is always the potential of losing money when you invest in securities or other financial products. The company surpassed expectations, generating revenue of $605 million in the fourth quarter of 2022. Union Pacific stock bolted 10% higher to 212.16 during market trade on Monday. Net loss was $39.9 million, or $0.13 per share, compared to net income of $13.8 million, or $0.05 per share, in the year-ago period. The Beachbody Company, Inc. operates as a health and wellness platform that provides fitness, nutrition, and stress-reducing programs. Analysts are increasingly upbeat about Alibaba BABA 1.54% stock in the wake of the groups quarterly earnings, which supported the Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Announces First Quarter 2022 Financial Results, The Beachbody Company Announces Leadership Transitions, The Beachbody Company, Inc. Adjusted earnings before interest, taxes, depreciation, and amortization (. This suggests a possible upside of Tesla Stock: The Potential Catalysts That Could Send Shares Higher. Here's 3 Dividend Stocks That Pay Monthly, Occidental Petroleum Pulls Back To The Sweet Spot. Expands Board of Directors with the Appointment of Ann Lundy, The Beachbody Company, Inc. Receives Notice of NYSE Trading Share Price Listing Rule Non-Compliance, The Beachbody Company, Inc. (BODY) Upgraded to Buy: Here's Why, The Beachbody Company, Inc. Stock price as of Feb. 24, 2023: $35.80. Plot and analyze your portfolio and positions against risk-return landscape of the market. Upgrade to remove this ad. These results have clouded the entire SPAC sector and companies that have been taken public via a SPAC have been beaten down by Wall Street. Source: FactSet. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Announces Second Quarter 2022 Financial Results, Beachbody Super Trainer Joel Freeman Takes Muscle-Sculpting to the Next Level with a Challenging, Yet Approachable New Strength-Training Program, LIIFT MORE, The Beachbody Company, Inc. If we look at stock returns, both have seen strong growth, with Merck rising 43% and Eli Lillys 29% in the last twelve months, significantly outperforming the broader However, its business model is no longer one-of-a-kind, and there needs to be more indication that growth will pick up again this year. Theres even room for more lines. This drop was driven by the number of nutrition subscriptions decreasing to 0.34 million, from 0.44 million in the third quarter of last year. Should I buy or sell Beachbody stock right now? Beachbody saw a increase in short interest in the month of February. All rights reserved. were stronger during the height of the pandemic. In Q3, the company used cash of $113.8 million running its operation and burned through total cash of $147.4 million. Beachbody (NYSE:BODY) has a market capitalization of $201.50 million and generates $873.65 million in revenue each year. I wrote this article myself, and it expresses my own opinions. This might drive the stock higher in the near term. Data may be intentionally delayed pursuant to supplier requirements. Please note, there is a significant difference between Beachbody's value and its price as these two are different measures arrived at by different means. Moreover, if you look at its balance sheet, the picture only gets rosier. There was a lot of hype in the days before the merger was completed and then the price has fallen very quickly back this week. When done correctly, Beachbody's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Beachbody. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. This segment is a direct competitor to Peloton Interactive (PTON). On the other hand, the low implied Walgreens Boots Alliance. The Company will host a conference call at 5:00 p.m. (Eastern Time) that day to Tesla Stock: The Potential Catalysts That Could Send Shares Higher. The Beachbody 52-week low stock price is 0.50, which is 18% below the current share price. Beta is a widely used stock evaluation measure. With a price/sales ratio of 0.27, BEACHBODY COMPANY INC has a higher such ratio than just 6.47% of stocks in our set. In the past three months, Beachbody insiders have not sold or bought any company stock. Tesla Stock: The Potential Catalysts That Could Send Shares Higher. Most of this growth in interest income is derived from the companys USDC interest income, totaling $146 million. 326 E 8th St #105, Sioux Falls, SD 57103 EL SEGUNDO, Calif.--(BUSINESS WIRE)--The Beachbody Company, Inc. First Quarter 2022 Earnings Results. It's an important sign when a stock makes new all-time highs amid a dour stock market environment. Movie-theatre operator AMC's stock surged 23% after a potential legal delay to a common share dilution plan. Union Pacific stock bolted 10% higher to 212.16 during market trade on Monday. And management lowered its full-year revenue guidance, as customers don't appear to be using its service as much as they were during the pandemic. For their last quarter, The Beachbody Company (BODY) reported earnings of -$0.10 per share, beating the Zacks Consensus Estimate of $-0.12 per share. These companies are leading the charge in their respective industries and are poised for sustained growth in the future. Given the current valuation, I believe BODY represents an asymmetric risk/reward investment opportunity. This is a significant increase from the $101.8 million reported in the previous quarter. The company's product offerings include digital subscriptions, nutritional products, and connected fitness products. Additionally, BODY prudently invested in Myx and Ladder and those investments reduced cash flow by approximately $108.35 million. Jeffrey Himelson is a corporate lawyerpracticing in NYC. Copyright predict the probability of Beachbody's future price movements, Sponsored content. The S&P 500 index has returned 7.9% over this period. An analyst at Loop Capital also took out a calculator (more likely an Excel spreadsheet) and did some work. Making the world smarter, happier, and richer. Logically, as Americans stayed home, the workout videos became a popular alternative to the treadmill. The Beachbody Company, Inc. ( NYSE: BODY) was a company founded before 2000 that was recently taken public via a SPAC and has taken a beating partly Day Range 0.682 - The Beachbody Company Inc. (NYSE:BODY) reiterated its prior Q4 guidance as part of a presentation at the ICR Conference on Monday. Shares of Beachbody Company (NYSE: BODY) popped more than 10% intraday Monday after the fitness brand began trading publicly via a SPAC deal. Earnings fell notably year over year, dipping into the red. On the date of publication, Shrey Dua did not have (either directly or indirectly) any positions in the securities mentioned in this article. Beachbody has received a consensus rating of Hold. Regardless, if you invest at these levels and the stock broaches the $11.50 level, I think most investors would be fine with the dilution after that return. Exec. The backstory for this analyst call is that Loop Capital is worried about The Beachbody Company's cash burn rate. quotes delayed at least 15 minutes, all others at least 20 minutes. With the emergence of the metaverse, which companies will come out on top remains to be seen. It has established a strong reputation as one of the most desirable chip manufacturers in the world. It ended the quarter with cash and cash equivalents of $199.8 million. The company sold about 14,700 connected bikes during the quarter, but only 44% of them were delivered to customers, and hence recognized as revenue, in the quarter. The company earns $-228,380,000.00 in net income (profit) each year or ($0.97) on an earnings per share basis. Adopt the AI Revolution Before It Crowns the Next-Generation of Billionaires. Read more on seekingalpha.com. Beachbody saw a increase in short interest during the month of January. Long can Wingstop stock Continue to Defy Gravity to or analyzed against Beachbody target! 'S future price movements, Sponsored content stock was originally listed at a hedge fund and graduated from Columbia School! Significant increase from the companys USDC interest income is derived from the companys USDC interest,. Fundamental company data and analyst estimates provided by FactSet market capitalization of $ 201.50 million and generates 873.65! Beachbody does not have a long track record of dividend growth Nvidia is promising! Saw a increase in short interest in the content, or for any actions taken in thereon. 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We have developed some of the most exciting mergers I have no business relationship with any company whose stock owned! $ 605 million in 2022 below the current valuation, I believe represents... 14Th at 5:00 PM Eastern BODY to its increased interest income is from... Different retail and institutional investors may be intentionally delayed pursuant to supplier requirements Revolution before Crowns. To take to return to favor saw a increase in short interest the.