The Beachbody Company, Inc. (NYSE:BODI) Receives Average Recommendation of “Moderate Buy” from Brokerages

The Beachbody Company, Inc. (NYSE:BODI) has earned an average rating of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $12.40.

Several research analysts recently weighed in on BODI shares. ThinkEquity began coverage on Beachbody in a research report on Monday, July 15th. They issued a “buy” rating and a $12.00 price objective for the company. Robert W. Baird decreased their target price on Beachbody from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, May 7th. Roth Mkm decreased their price objective on Beachbody from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Tuesday, May 7th. Baird R W raised Beachbody to a “hold” rating in a research note on Tuesday, May 7th. Finally, Canaccord Genuity Group initiated coverage on Beachbody in a research note on Friday, May 17th. They issued a “buy” rating and a $13.00 price objective for the company.

Beachbody Trading Up 2.5 %

Shares of BODI stock opened at $7.00 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.59 and a current ratio of 0.72. The firm has a market cap of $48.10 million, a PE ratio of -0.32 and a beta of 1.17. The firm’s 50-day moving average price is $8.06. Beachbody has a twelve month low of $6.00 and a twelve month high of $26.05.

About Beachbody

The Beachbody Company, Inc operates as a subscription health and wellness company that provides fitness, nutrition, and stress-reducing programs in the United States and internationally. 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 Beachbody on Demand Interactive (BODi) for live fitness and nutrition programs.