Beachbody (NYSE:BODI) Given Neutral Rating at Roth Mkm

Beachbody (NYSE:BODI)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Roth Mkm in a note issued to investors on Tuesday,Benzinga reports. They currently have a $7.00 price objective on the stock, down from their prior price objective of $12.00. Roth Mkm’s price target would suggest a potential downside of 7.22% from the stock’s previous close.

Separately, Canaccord Genuity Group restated a “buy” rating and issued a $13.00 target price on shares of Beachbody in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $11.00.

Beachbody Stock Up 0.7 %

NYSE:BODI traded up $0.06 during trading hours on Tuesday, reaching $7.55. The company’s stock had a trading volume of 2,735 shares, compared to its average volume of 17,455. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.64 and a quick ratio of 0.52. The company has a market cap of $52.24 million, a price-to-earnings ratio of -0.48 and a beta of 1.13. Beachbody has a one year low of $5.14 and a one year high of $10.80. The business’s 50-day moving average is $7.33 and its 200-day moving average is $6.70.

Beachbody (NYSE:BODI) last issued its quarterly earnings data on Thursday, March 27th. The company reported ($1.89) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.88) by $0.99. The business had revenue of $86.37 million for the quarter, compared to the consensus estimate of $81.71 million. Beachbody had a negative return on equity of 94.29% and a negative net margin of 22.62%. Equities research analysts predict that Beachbody will post -8.16 EPS for the current year.

Institutional Investors Weigh In On Beachbody

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Rockefeller Capital Management L.P. bought a new position in Beachbody in the third quarter valued at about $625,000. Raine Capital LLC bought a new position in shares of Beachbody in the 3rd quarter valued at about $4,287,000. Summit Financial LLC acquired a new stake in shares of Beachbody during the 4th quarter worth approximately $104,000. Finally, Raine Group LLC bought a new stake in shares of Beachbody during the third quarter worth approximately $25,000. 74.48% of the stock is owned by institutional investors and hedge funds.

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.