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

Shares of The Beachbody Company, Inc. (NYSE:BODI) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $12.00.

Separately, Roth Mkm reiterated a “buy” rating and set a $12.00 target price on shares of Beachbody in a report on Thursday, November 14th.

Hedge Funds Weigh In On Beachbody

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raine Group LLC acquired a new stake in shares of Beachbody in the 3rd quarter valued at about $25,000. Mill Creek Capital Advisors LLC acquired a new stake in Beachbody in the 3rd quarter valued at approximately $186,000. Rockefeller Capital Management L.P. bought a new stake in Beachbody in the 3rd quarter valued at approximately $625,000. MSA Advisors LLC acquired a new position in Beachbody during the 3rd quarter worth approximately $668,000. Finally, Whetstone Capital Advisors LLC bought a new position in shares of Beachbody during the 3rd quarter worth approximately $1,071,000. 74.48% of the stock is owned by institutional investors and hedge funds.

Beachbody Trading Up 2.5 %

Shares of NYSE BODI opened at $6.26 on Monday. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 0.17. Beachbody has a twelve month low of $5.14 and a twelve month high of $13.45. The company’s fifty day moving average is $6.46 and its 200-day moving average is $7.18. The stock has a market cap of $43.32 million, a price-to-earnings ratio of -0.40 and a beta of 1.16.

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.