The Beachbody Company, Inc. (NYSE:BODI) Receives Average Rating of “Moderate Buy” from Brokerages

The Beachbody Company, Inc. (NYSE:BODI) 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.

Beachbody Trading Up 9.6 %

BODI traded up $0.62 during trading on Thursday, hitting $7.05. 30,450 shares of the stock traded hands, compared to its average volume of 21,549. The firm has a 50-day moving average of $6.35 and a 200 day moving average of $7.54. Beachbody has a 12-month low of $5.14 and a 12-month high of $13.45. The firm has a market capitalization of $48.79 million, a P/E ratio of -0.45 and a beta of 1.12. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.71 and a quick ratio of 0.54.

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.