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

Shares of The Beachbody Company, Inc. (NYSE:BODI) have earned an average rating of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $12.40.

A number of brokerages have commented on BODI. Canaccord Genuity Group assumed coverage on Beachbody in a research report on Friday, May 17th. They issued a “buy” rating and a $13.00 price target for the company. ThinkEquity started coverage on shares of Beachbody in a research note on Monday, July 15th. They set a “buy” rating and a $12.00 target price on the stock. Baird R W raised shares of Beachbody to a “hold” rating in a report on Tuesday, May 7th. Canaccord Genuity Group began coverage on shares of Beachbody in a research report on Friday, May 17th. They set a “buy” rating and a $13.00 price objective on the stock. Finally, Robert W. Baird dropped their target price on shares of Beachbody from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, May 7th.

Beachbody Price Performance

Shares of Beachbody stock opened at $7.00 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 0.26. The stock has a market cap of $48.10 million, a PE ratio of -0.32 and a beta of 1.17. Beachbody has a 1-year low of $6.00 and a 1-year high of $26.05. The stock’s fifty day simple moving average is $8.06.

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.