The Beachbody Company, Inc. (NYSE:BODI – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $12.00.
Separately, Roth Mkm restated a “buy” rating and set a $12.00 price target on shares of Beachbody in a research report on Thursday.
View Our Latest Stock Analysis on Beachbody
Beachbody Trading Up 9.6 %
Institutional Investors Weigh In On Beachbody
A number of hedge funds have recently modified their holdings of the business. Rockefeller Capital Management L.P. purchased a new stake in shares of Beachbody during the third quarter worth about $625,000. Whetstone Capital Advisors LLC bought a new position in shares of Beachbody during the third quarter worth $1,071,000. MSA Advisors LLC purchased a new position in Beachbody during the third quarter valued at $668,000. Finally, Mill Creek Capital Advisors LLC bought a new stake in Beachbody in the 3rd quarter valued at $186,000. Institutional investors own 74.48% of the company’s stock.
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.
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