A Guide To The Risks Of Investing In The Beachbody Company Inc. (BODY)


The Beachbody Company Inc.’s filing revealed that its insider Daikeler Carl acquired Company’s shares for reported $80483.0 on Dec 02. In the deal valued at $0.70 per share,114,811 shares were bought. As a result of this transaction, Daikeler Carl now holds 3,199,946 shares worth roughly $ 2.08 million.

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Then, Congdon Jonathan bought 50,000 shares, generating $35,065 in total proceeds. Upon buying the shares at $0.70, the CO-FOUNDER AND VICE CHAIRMAN now owns 17,826,629 shares.

Before that, Daikeler Carl bought 114,329 shares. The Beachbody Company Inc. shares valued at $80,499 were divested by the insider at a price of $0.70 per share. As a result of the transaction, Daikeler Carl now holds 3,085,135 shares, worth roughly $2.01 million.

Credit Suisse initiated its The Beachbody Company Inc. [BODY] rating to a Neutral in a research note published on Tuesday, May 05, 2022; the price target was $2.27. PT values the company’s stock at a premium of 71.37 to its Tuesday closing price. A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in late March with a ‘”a Neutral”‘ rating. Loop Capital also remained covering BODY and has decreased its forecast on November 17, 2021 with a “Sell” recommendation from previously “Hold” rating. Robert W. Baird revised its rating on November 16, 2021. It rated BODY as “a Neutral” which previously was an “an Outperform”.

Price Performance Review of BODY

On Tuesday, The Beachbody Company Inc. [NYSE:BODY] saw its stock fall -7.47% to $0.65. On the same session, the stock had its day’s lowest price of $0.6455, but rose to a high of $0.7288. Over the last five days, the stock has gained 3.95%. The Beachbody Company Inc. shares have risen nearly 22.72% since the year began. Nevertheless, the stocks have fallen -67.72% over the past one year. While a 52-week high of $2.33 was reached on 01/11/23, a 52-week low of $0.50 was recorded on 01/06/23. SMA at 50 days reached $0.6215, while 200 days put it at $1.0604. A total of 2.31 million shares were traded, compared to the trading of 0.33 million shares in the previous session.

Levels Of Support And Resistance For BODY Stock

The 24-hour chart illustrates a support level at 0.6177, which if violated will result in even more drops to 0.5900. On the upside, there is a resistance level at 0.7010. A further resistance level may holdings at 0.7566. The Relative Strength Index (RSI) on the 14-day chart is 50.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0198, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.33%. Stochastics %K at 63.81% indicates the stock is a holding.

How much short interest is there in The Beachbody Company Inc.?

A steep rise in short interest was recorded in The Beachbody Company Inc. stocks on Jan 30, 2023, growing by 0.65 million shares to a total of 9.26 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 8.61 million shares. There was a rise of 7.02%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 8.36% of the overall stock float, the days-to-cover ratio (short ratio) rose to 26.58.

The Beachbody Company Inc. [BODY] – Who Are The Largest Shareholders?

In filings from Raine Capital LLC, it is revealed that the company now owns 37,469,446 shares, or roughly 21.92% of the outstanding BODY shares. In other words, the investor’s shares have fallen by -26,075 from its previous 13-F filing of 37495521.0. Additionally, BlackRock Fund Advisors decreased -5.69% of its stake after which the total value it holdings stand at $3,803,099, while The Vanguard Group, Inc. added 2.09% of its stake to hold $3.15 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 316,463 shares of The Beachbody Company Inc., while Geode Capital Management LLC bought 14,020 shares. At present, Robert W. Baird & Co., Inc. is holding 1,014,840 shares valued at $0.63 million. HighTower Advisors LLC owned 1,001,500 shares of the company at the time of its most recent 13F filing, worth $0.62 million.


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