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

Shares of The Beachbody Company, Inc. (NYSE:BODI) have been assigned an average rating of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $12.00.

Separately, Roth Mkm reissued a “buy” rating and set a $12.00 target price on shares of Beachbody in a research report on Thursday.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BODI. Mill Creek Capital Advisors LLC purchased a new stake in shares of Beachbody in the 3rd quarter worth $186,000. Rockefeller Capital Management L.P. bought a new position in Beachbody during the 3rd quarter worth about $625,000. MSA Advisors LLC purchased a new position in Beachbody during the 3rd quarter valued at about $668,000. Finally, Whetstone Capital Advisors LLC bought a new stake in shares of Beachbody in the 3rd quarter valued at about $1,071,000. Hedge funds and other institutional investors own 74.48% of the company’s stock.

Beachbody Trading Up 9.6 %

BODI traded up $0.62 on Thursday, hitting $7.05. The company had a trading volume of 30,450 shares, compared to its average volume of 21,549. The business’s fifty day simple moving average is $6.35 and its 200 day simple moving average is $7.54. The company has a quick ratio of 0.54, a current ratio of 0.71 and a debt-to-equity ratio of 0.29. Beachbody has a 12-month low of $5.14 and a 12-month high of $13.45. The company has a market cap of $48.79 million, a PE ratio of -0.45 and a beta of 1.12.

Beachbody Company Profile

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.