Why is Beachbody stock falling?
Beachbody and Peloton stocks have also fallen in response to The Wall Street Journal reporting that rival IFIT Health & Fitness is gearing up for an IPO. The possibility of another fitness stock coming to market might be causing some potential investors to hold off. Will BODY stock recover?
Is BeachBody a good stock to buy?
The Beachbody Company, Inc. is headquartered in Santa Monica, California. Beachbody has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 3 hold ratings, and 1 sell rating.
What is the difference between body and pton stock price targets?
In terms of price prediction, the average BODY stock price target implies 14 percent upside potential. On the other hand, PTON price target suggests an upside potential of about 5 percent.
Is BODY stock a good buy?
Beachbody Company has 70.54% upside potential, based on the analysts' average price target. Can I see which stocks the top-ranking analysts are rating? Yes, go to the Analysts' Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
Is BODY stock undervalued?
Is The Beachbody Stock Undervalued? The current The Beachbody [BODY] share price is $1.7100. The Score for BODY is 42, which is 16% below its historic median score of 50, and infers higher risk than normal. BODY is currently trading in the 40-50% percentile range relative to its historical Stock Score levels.
Is beachbody losing money?
On the top line, The Beachbody Company's third-quarter 2021 sales were down 17% year over year. Digital revenue dropped 5% and nutrition sales fell 29%.
Will beach body stock go up?
Beachbody Company Inc (NYSE:BODY) The 6 analysts offering 12-month price forecasts for Beachbody Company Inc have a median target of 2.00, with a high estimate of 2.50 and a low estimate of 1.00. The median estimate represents a +29.87% increase from the last price of 1.54.
Why Beachbody is losing money?
The primary catalyst for the subscription fitness and wellness company stock's drop was its release of a weak third-quarter report, which included a significant reduction in full-year guidance.
Is beachbody doing well?
Digital revenue decreased 5% compared to 2020 and increased 38% compared to 2019. However, it added 1% to its digital subscribers with 2.64 million (a 55% increase compared to 2019). Additionally, digital retention on a month-over month basis was 95.6% (a 50-basis point increase).
Did chalene quit Beachbody?
Well, it's time to tell the story, set the record straight and put the rumors to rest. Preamble: It's important to note that I still do create workouts (for friends, family and myself) and fitness is still (and always will be) a big part of my life!
Who are Beachbody competitors?
Beachbody's top competitors include Plexus Worldwide, Zumba Fitness, Equinox Fitness, Anytime Fitness and Virgin Active. Beachbody is a company that provides fitness, nutrition, and weight-loss programs. Plexus Worldwide is a company that offers science-based health and wellness products.
Do Beachbody coaches get paid?
How do Beachbody Coaches get paid? Beachbody coaches get paid weekly with direct deposit whenever they've earned an income. It runs a week behind from the week it was earned.
Is Beachbody still in business?
The Beachbody Company and MYXfitness Going Public Through A 3-Way SPAC Merger. On 10 February 2021, The Beachbody Company and MYXfitness entered into a definitive agreement to complete a 3-way merger with Forest Road Acquisition Corp. (FRX), a special purpose acquisition company, or SPAC.
Who owns Beachbody LLC?
Carl DaikelerCarl Daikeler is Co-Founder, Chairman and Chief Executive Officer of The Beachbody Company, a leader in digital at-home fitness and nutrition with a 20+ year record of creating innovative content and powerful brands.
What company owns P90X?
BeachbodyBeachbody has brands P90X, INSANITY and 21 Day Fix. Through the BOD and Openfit platforms, the company has developed a diverse offering of live and on-demand content as well as nutrition solutions that reach more than 2.6 million paid digital subscribers.
Is Beachbody a buy right now?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Beachbody in the last year. There are currently 1 sell rating and 3 hold r...
How were Beachbody's earnings last quarter?
The Beachbody Company, Inc. (NYSE:BODY) announced its quarterly earnings results on Tuesday, March, 1st. The company reported ($0.17) EPS for the q...
What price target have analysts set for BODY?
4 brokers have issued 1-year price objectives for Beachbody's stock. Their forecasts range from 2.00 to 15.00. On average, they anticipate Beachbod...
Who are Beachbody's key executives?
Beachbody's management team includes the following people: Mr. Carl D. Daikeler , Co-Founder, Chairman & CEO (Age 57, Pay $844.42k) Ms. Susan M....
Who are some of Beachbody's key competitors?
Some companies that are related to Beachbody include Jowell Global (JWEL) , American Sierra Gold (AMNP) , Home Bistro (HBIS) , SinglePoint (SIN...
What is Beachbody's stock symbol?
Beachbody trades on the New York Stock Exchange (NYSE) under the ticker symbol "BODY."
How do I buy shares of Beachbody?
Shares of BODY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBul...
What is Beachbody's stock price today?
One share of BODY stock can currently be purchased for approximately 1.99.
How much money does Beachbody make?
Beachbody has a market capitalization of $618.41 million and generates $873.65 million in revenue each year. The company earns $-228.38 million in...
Why is Beachbody (BODY) stock falling?
Beachbody stock made its public debut on Jun. 28, gaining more than 6 percent on the first day of trading to close at about $13. BODY's decline to under $10 can be attributed to several factors.
Will BODY stock recover?
After BODY stock falls to under $10, many investors see a limited downside. Beachbody shares rose about 2 percent in premarket trading on Jul. 15, a sign that some investors are moving to buy the dip. A rush to accumulate the stock should drive BODY back up.
Beachbody (BODY) stock's price prediction
Analyst's average price target for Beachbody stock is $13.83, which implies an upside of more than 70 percent. Their highest target for BODY is $16 and their lowest is $11, which the stock has dropped below.
Is BODY stock a good long-term investment?
With its broad range of fitness, nutritional products, and digital subscriptions, Beachbody is positioned for growth. Between 2020 and 2025, the company forecasts its revenue growing 30 percent compounded annually to reach $3.3 billion from $880 million.
About Beachbody
The Beachbody Company, Inc. operates as a digital fitness and nutrition subscription company. It operates Beachbody, an on-demand streaming platform; Openfit, a live digital streaming platform; and Myx fitness, a fitness brand platform.
Headlines
Thinking about buying stock in Phunware, Beachbody Company, Rush Street Interactive, Exela Technologies, or Riot Blockchain? - Benzinga
Beachbody (NYSE:BODY) Frequently Asked Questions
5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Beachbody in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Beachbody stock.
Will Beachbody (BODY) stock go up?
Beachbody’s pullback on the second day erased all of its first-day gains and more. Many investors wonder whether BODY stock will recover. The stock was rising in the premarket session on June 30, which is a sign that some investors are taking advantage of the pullback to buy the dip.
Beachbody stock price prediction
Wall Street's coverage of Beachbody is still minimal. Currently, BODY stock carries a 12-month target price of $12.75, which implies 14 percent upside potential to the current price. The highest Beachbody stock price prediction of $14.50 suggests a 30 percent upside.
Is Beachbody stock a good buy now?
Beachbody’s subscribers base is expanding and recently hit 3.2 million. Its subscriber retention rate is also great at about 96 percent. Subscription sales provide recurring revenue and make the business more predictable.
Is Beachbody better than Peloton?
With Beachbody going public, investors now have more fitness stocks to choose from. Should BODY or PTON stock be in your portfolio? If your investment budget can accommodate it, holding both Beachbody and Peloton stocks in your portfolio would be beneficial considering the fitness industry's bright prospects.