IPO Year: 2021
Exchange: NYSE
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/17/2024 | $13.00 | Buy | Canaccord Genuity |
The Beachbody Company, Inc. (NYSE:BODI) ("BODi" or the "Company"), a leading fitness and nutrition company, announced today BODi has named former professional football player and professional wrestler Dean Muhtadi as its newest Brand Ambassador, with help from the athlete partnership team at OpenSponsorship. Mr. Muhtadi, renowned for his dynamic presence both on and off the field, will work with BODi to promote its fitness programs and nutrition benefits following the incredible results he has achieved through BODi's LIIFT4 program. Mr. Muhtadi, also known to many by his wrestling persona "Mojo Rawley," has captivated fans worldwide with his relentless energy and dedication. His journey wi
Developed with fitness trainer Kelsey Heenan, the program invites users to get healthy and strong with TV's "Pretty Little Liars" star Shay Mitchell The Beachbody Company, Inc. (NYSE:BODI) ("BODi" or the "Company"), a leading fitness and nutrition company, today announced that the "4 Weeks of Focus" fitness program led by world-class fitness trainer Kelsey Heenan and featuring actress and entrepreneur Shay Mitchell, best known for her role as Emily in TV's Pretty Little Liars and brand Beis, has launched into BODi's catalog of structured, proven fitness programs. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240917366160/en/ Th
SAN MATEO, Calif., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced Marc Suidan is joining the company as Chief Financial Officer (CFO), effective August 16, 2024. "I am excited to welcome Marc as our Chief Financial Officer," said Gleb Budman, Backblaze CEO and Chairperson of the Board. "He has deep knowledge and experience strategically guiding companies through financial growth. His expertise and leadership will be a valuable asset as we empower customers to move to an open cloud and to do more with their data." Suidan brings to Backblaze more than 20 years of exp
Canaccord Genuity initiated coverage of The Beachbody Company with a rating of Buy and set a new price target of $13.00
ThinkEquity analyst Ashok Kumar initiates coverage on Beachbody Co (NYSE:BODI) with a Buy rating and announces Price Target of $12.
- SEC Filing
Canaccord Genuity analyst Susan Anderson initiates coverage on Beachbody Co (NYSE:BODI) with a Buy rating and announces Price Target of $13.
Roth MKM analyst George Kelly maintains Beachbody Co (NYSE:BODI) with a Buy and lowers the price target from $15 to $14.
Baird maintains Beachbody Co (NYSE:BODI) with a Neutral and lowers the price target from $12 to $10.
The Beachbody Company, Inc. Class A Common Stock (NYSE:BODI) reported quarterly losses of $(2.10) per share which missed the analyst consensus estimate of $(2.09) by 0.48 percent. This is a 55.51 percent increase over losses of $(4.72) per share from the same period last year. The company reported quarterly sales of $120.046 million which beat the analyst consensus estimate of $114.923 million by 4.46 percent. This is a 17.15 percent decrease over sales of $144.901 million the same period last year.
Thursday, The Beachbody Company Inc (NYSE:BODI) announced a strategic partnership with Dr. B, a telehealth provider that offers $15 online consultations for common conditions in all 50 U.S. states. The partnership will help qualifying patients use their pre-tax Health Savings Accounts (HSA) or Flex Savings Accounts (FSA) to pay for BODi's platform of health and fitness solutions. According to the CDC, in the U.S., the percentage of adults using telemedicine services in 2021 was 37%, with slightly more females (42%) using telemedicine than males (31.7%). BODi users with an HSA or FSA account can go through an online medical consultation with Dr. B to determine whether they qualify
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Revenues in-line with the mid-point of Guidance Gross Margin of 67%-up 880bps over prior year Net Loss in-line with Guidance Fourth Consecutive Quarter of Positive Adjusted EBITDA The Beachbody Company, Inc. (NYSE:BODI) ("BODi" or the "Company"), a leading fitness and nutrition company, today announced financial results for its third quarter ended September 30, 2024. Carl Daikeler, BODi's Co-Founder and Chief Executive Officer, commented: "Our third quarter results demonstrated the continued successful execution of the first phase of our turnaround plan, with significant improvements in adjusted EBITDA and positive free cash flow generation. As we enter the next phase of our transform
The Beachbody Company, Inc. (NYSE:BODI) ("BODi" or the "Company"), a leading health and fitness company, will release its third quarter 2024 results on Tuesday, November 12, 2024, after the U.S. stock market closes. The Company will host a conference call at 5:00 p.m. (Eastern Time) that day to discuss the results. The toll-free dial-in for the conference call is (833) 470-1428 (U.S. & Canada), or click here for Global Dial-In Numbers. The conference ID is 396510. A live webcast of the conference call will also be available on the Company's investor relations website at https://investors.thebeachbodycompany.com/. For those unable to participate in the conference call, a replay will be ava
Reduces costs, broadens distribution channels, and is expected to lower revenue break-even point1 by approximately ~47% Transitions from MLM to a single-level Affiliate Program, launching Nov 1, 2024 Expands its current direct-to-consumer, Amazon, and partnership-driven sales channels Expects to significantly improve revenue break-even point, decreasing from less than $430 million in annual revenue to less than $225 million Reduces its workforce by approximately 33 percent, anticipating overhead savings of $54 million on an annualized run-rate basis The Beachbody Company, Inc. (NYSE:BODI) (or "the Company" or "BODi"), a leading fitness and nutrition company, today announced the ev
The Beachbody Company, Inc. (NYSE:BODI) ("BODi" or the "Company"), a leading fitness and nutrition company, announced today BODi has named former professional football player and professional wrestler Dean Muhtadi as its newest Brand Ambassador, with help from the athlete partnership team at OpenSponsorship. Mr. Muhtadi, renowned for his dynamic presence both on and off the field, will work with BODi to promote its fitness programs and nutrition benefits following the incredible results he has achieved through BODi's LIIFT4 program. Mr. Muhtadi, also known to many by his wrestling persona "Mojo Rawley," has captivated fans worldwide with his relentless energy and dedication. His journey wi
Enables Qualifying Customers to Use HSA (Health Savings Account) or FSA (Flex Savings Account) Funds to Purchase BODi Nutritional Supplements and Fitness Offerings The Beachbody Company, Inc. (NYSE:BODI) ("BODi"), a leading fitness and nutrition company, announced today a strategic partnership with Truemed, a leading healthcare payment provider that helps qualified customers spend their HSA/FSA funds on supplements, exercise and other lifestyle interventions that can help treat or prevent chronic disease. The partnership enables qualifying BODi customers to use their pre-tax HSA or FSA money to pay for supplement purchases from BODi's best-in-class product portfolio, including its Shakeolo
Developed with fitness trainer Kelsey Heenan, the program invites users to get healthy and strong with TV's "Pretty Little Liars" star Shay Mitchell The Beachbody Company, Inc. (NYSE:BODI) ("BODi" or the "Company"), a leading fitness and nutrition company, today announced that the "4 Weeks of Focus" fitness program led by world-class fitness trainer Kelsey Heenan and featuring actress and entrepreneur Shay Mitchell, best known for her role as Emily in TV's Pretty Little Liars and brand Beis, has launched into BODi's catalog of structured, proven fitness programs. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240917366160/en/ Th
SAN MATEO, Calif., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced Marc Suidan is joining the company as Chief Financial Officer (CFO), effective August 16, 2024. "I am excited to welcome Marc as our Chief Financial Officer," said Gleb Budman, Backblaze CEO and Chairperson of the Board. "He has deep knowledge and experience strategically guiding companies through financial growth. His expertise and leadership will be a valuable asset as we empower customers to move to an open cloud and to do more with their data." Suidan brings to Backblaze more than 20 years of exp
Lowest Net Loss Since Going Public Third Consecutive Quarter of Positive Adjusted EBITDA Overall gross margin of 69% - best since 2021 The Beachbody Company, Inc. (NYSE:BODI) ("BODi" or the "Company"), a leading fitness and nutrition company, today announced financial results for its second quarter ended June 30, 2024. Carl Daikeler, BODi's Co-Founder and Chief Executive Officer, commented: "Our focus is on returning to growth, particularly by focusing on the $164 billion nutrition market, which presents an opportunity more than 12 times larger than the $13 billion fitness market. Nutrition was once an $800 million product line for us, more than double our fitness offerings at the
BODi will help provide healthy lifestyle solutions to 136 million Americans with diabetes or prediabetes The Beachbody Company, Inc. (NYSE:BODI) ("BODi" or the "Company"), a leading fitness and nutrition company, announced today that it has become an Official Wellness Supporter of the American Diabetes Association® (ADA). BODi and the ADA will work together to improve the lives of the 136 million Americans who live with diabetes or prediabetes. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240731445948/en/ Regular physical activity improves health outcomes and reduces the risk of developing Type 2 diabetes, with the ADA advis
The Beachbody Company, Inc. (NYSE:BODI) ("BODi" or the "Company"), a leading fitness and nutrition company, today announced that Mark Goldston, Executive Chairman and Oswaldo Busquets, Executive Vice President of Finance, will present at Canaccord Genuity's 44th Annual Growth Conference to be held at the InterContinental Boston on Wednesday, August 14, 2024 at 8:30am EST. The webcast will be available live and for replay on the Investor Relations page on the Company's website at https://investors.thebeachbodycompany.com. About BODi and The Beachbody Company, Inc. Originally known as Beachbody, BODi has been innovating structured step-by-step home fitness and nutrition programs for 25
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Revenues in-line with the mid-point of Guidance Gross Margin of 67%-up 880bps over prior year Net Loss in-line with Guidance Fourth Consecutive Quarter of Positive Adjusted EBITDA The Beachbody Company, Inc. (NYSE:BODI) ("BODi" or the "Company"), a leading fitness and nutrition company, today announced financial results for its third quarter ended September 30, 2024. Carl Daikeler, BODi's Co-Founder and Chief Executive Officer, commented: "Our third quarter results demonstrated the continued successful execution of the first phase of our turnaround plan, with significant improvements in adjusted EBITDA and positive free cash flow generation. As we enter the next phase of our transform
The Beachbody Company, Inc. (NYSE:BODI) ("BODi" or the "Company"), a leading health and fitness company, will release its third quarter 2024 results on Tuesday, November 12, 2024, after the U.S. stock market closes. The Company will host a conference call at 5:00 p.m. (Eastern Time) that day to discuss the results. The toll-free dial-in for the conference call is (833) 470-1428 (U.S. & Canada), or click here for Global Dial-In Numbers. The conference ID is 396510. A live webcast of the conference call will also be available on the Company's investor relations website at https://investors.thebeachbodycompany.com/. For those unable to participate in the conference call, a replay will be ava
Lowest Net Loss Since Going Public Third Consecutive Quarter of Positive Adjusted EBITDA Overall gross margin of 69% - best since 2021 The Beachbody Company, Inc. (NYSE:BODI) ("BODi" or the "Company"), a leading fitness and nutrition company, today announced financial results for its second quarter ended June 30, 2024. Carl Daikeler, BODi's Co-Founder and Chief Executive Officer, commented: "Our focus is on returning to growth, particularly by focusing on the $164 billion nutrition market, which presents an opportunity more than 12 times larger than the $13 billion fitness market. Nutrition was once an $800 million product line for us, more than double our fitness offerings at the
The Beachbody Company, Inc. (NYSE:BODI) ("BODi" or the "Company"), a leading health and fitness company, will release its second quarter 2024 results on Tuesday, August 6, 2024, after the U.S. stock market closes. The Company will host a conference call at 5:00 p.m. (Eastern Time) that day to discuss the results. The toll-free dial-in for the conference call is (833) 470 1428 (U.S. & Canada), or click here for Global Dial-In Numbers. The conference ID is 868605. A live webcast of the conference call will also be available on the Company's investor relations website at https://investors.thebeachbodycompany.com/. For those unable to participate in the conference call, a replay will be ava
Revenue Exceeds the Midpoint of Guidance First Quarterly Positive Free Cash Flow1 since 2020 The Beachbody Company, Inc. (NYSE:BODI) ("BODi" or the "Company"), a leading subscription health and fitness company, today announced financial results for its first quarter ended March 31, 2024. "We are pleased with our performance in the first quarter, beating the midpoint of our revenue and adjusted EBITDA guidance, all while delivering against our strategic initiatives. Most notably, we are excited to announce that we have achieved our first positive free cash flow quarter since 2020," said Carl Daikeler, BODi's Co-Founder and Chief Executive Officer. "We have had an excellent start to 2024
The Beachbody Company, Inc. (NYSE:BODI) ("BODi" or the "Company"), a leading health and fitness company, will release its first quarter 2024 results on Monday, May 6, 2024, after the U.S. stock market closes. The Company will host a conference call at 5:00 p.m. (Eastern Time) that day to discuss the results. The toll-free dial-in for the conference call is (833) 470 1428 (U.S. & Canada), or +1 929 526 1599 (all other locations). The conference ID is 460282. A live webcast of the conference call will also be available on the Company's investor relations website at https://investors.thebeachbodycompany.com/. For those unable to participate in the conference call, a replay will be availabl
The Beachbody Company, Inc. (NYSE:BODI) ("BODi" or the "Company"), a leading subscription health and wellness company, today announced financial results for its fourth quarter ended December 31, 2023. "2023 was a transformational year at BODi. Our turnaround plan successfully simplified our digital platform, lowering our breakeven point and enhancing our liquidity position," said Carl Daikeler, BODi's Co-Founder and Chief Executive Officer. "In 2024, our objective is fostering more profitable revenue streams and sustainable free cash flows, with a renewed focus on reshaping our nutrition business. Our accomplishments in 2023 set the foundation for continued execution of our turnaround in
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