The Beachbody Company, Inc. (NYSE:BODI) Receives $12.00 Average PT from Brokerages

Shares of The Beachbody Company, Inc. (NYSE:BODI) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Two 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 brokerages that have issued ratings on the stock in the last year is $12.00.

Separately, Roth Mkm restated a “buy” rating and issued a $12.00 target price on shares of Beachbody in a research note on Thursday, November 14th.

Hedge Funds Weigh In On Beachbody

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

Beachbody Trading Up 3.0 %

NYSE BODI opened at $6.60 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 0.64. Beachbody has a one year low of $5.14 and a one year high of $13.45. The company has a 50-day simple moving average of $6.32 and a 200-day simple moving average of $6.81. The firm has a market capitalization of $45.70 million, a PE ratio of -0.42 and a beta of 1.13.

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.