BODI

Price Target Update: The average one-year price target for Beachbody (NasdaqCM:BODI) has been revised to $10.37 per share, reflecting a 31.18% increase from the previous estimate of $7.90, although it represents a 7.08% decrease from the latest closing price of $11.16.

Fund Sentiment: There are currently 52 funds reporting positions in Beachbody, a slight decrease of 1 fund (1.89%) from the last quarter, with the average portfolio weight dedicated to BODI increasing by 175.33%.

Shareholder Activity: Raine Capital maintains a 15.39% ownership with 671K shares, while Whetstone Capital Advisors increased its holdings by 11.29% to 400K shares, representing 9.17% ownership. Other shareholders like MSA Advisors and Vanguard Total Stock Market Index Fund have not changed their positions.

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Management Achievements: Beachbody reported its first net income since going public, achieving eight consecutive quarters of positive adjusted EBITDA and generating $13.1 million in free cash flow in the first nine months of 2025. The company significantly reduced its revenue breakeven point from $900 million in 2022 to $180 million today.

Product and Subscription Launches: The company plans to launch a comprehensive retail initiative in 2026, including the introduction of Shakeology to retail channels and new P90X and Insanity-branded supplements. Additionally, new subscription models were introduced, including a $19 per month offer and a $9.99 Super Trainer subscription.

Financial Performance: In Q3 2025, total revenues were $59.9 million, a decline of 6.3% sequentially and 41.4% year-over-year, attributed to the transition from an MLM platform to an omni-channel model. However, gross margins improved to 74.6%, and operating expenses decreased by 21%.

Future Outlook and Risks: Management expressed optimism about future growth, focusing on innovation and retail expansion, while acknowledging potential near-term revenue pressures from the ongoing transition. There are concerns about slight declines in nutrition margins due to lower price points and the timing of retail rollouts.

Momentum Investing Strategy: Momentum investors focus on "buying high and selling higher," avoiding traditional strategies of buying low and waiting for recovery, which can be risky due to potential loss of momentum in trending stocks.

The Beachbody Company (BODI): BODI is highlighted as a strong candidate for investment due to its recent price increase, positive long-term returns, favorable Momentum Score, and reasonable valuation, making it a potential opportunity for investors looking for fast-paced momentum at a bargain.