Beachbody (NYSE:BODI) Shares Up 5.4% – Still a Buy?

Posted by John Adams on Jan 26th, 2025

The Beachbody Company, Inc. (NYSE:BODI – Get Free Report)’s share price shot up 5.4% during trading on Friday . The stock traded as high as $7.57 and last traded at $7.33. 8,666 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 18,938 shares. The stock had previously closed at $6.95.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reaffirmed a “buy” rating and set a $12.00 price objective on shares of Beachbody in a research note on Thursday, November 14th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $12.00.

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Beachbody Trading Up 5.4 %

The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 0.64. The company has a 50-day simple moving average of $6.36 and a two-hundred day simple moving average of $6.63.

Hedge Funds Weigh In On Beachbody

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

Beachbody Company Profile

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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.