Beachbody (NYSE:BODY) Shares Up 13.8%

Shares of The Beachbody Company, Inc. (NYSE:BODY – Get Rating) shot up 13.8% during trading on Thursday . The company traded as high as 2.02 and last traded at 2.02. 20,641 shares were traded during mid-day trading, a decline of 98% from the average session volume of 1,198,454 shares. The stock had previously closed at 1.77.

Separately, DA Davidson lowered their price target on shares of Beachbody to $2.50 and set a “na” rating for the company in a report on Monday, May 16th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of 6.00.

The company’s fifty day simple moving average is 1.76 and its two-hundred day simple moving average is 2.12. The company has a market capitalization of $671.24 million, a price-to-earnings ratio of -2.40 and a beta of 1.81.

Beachbody (NYSE:BODY – Get Rating) last released its earnings results on Tuesday, March 1st. The company reported -0.17 EPS for the quarter. The business had revenue of 216.27 million during the quarter. Beachbody had a negative return on equity of 39.85% and a negative net margin of 32.12%. On average, sell-side analysts anticipate that The Beachbody Company, Inc. will post -0.47 EPS for the current fiscal year.

About Beachbody (NYSE:BODY)

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.

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