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

Shares of The Beachbody Company, Inc. (NYSE:BODI) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $12.00.

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

Beachbody Price Performance

BODI opened at $6.26 on Thursday. The firm has a market cap of $43.29 million, a PE ratio of -0.40 and a beta of 1.12. The stock has a 50-day moving average price of $6.38 and a 200-day moving average price of $7.46. Beachbody has a 1 year low of $5.14 and a 1 year high of $13.45. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.64 and a quick ratio of 0.54.

Hedge Funds Weigh In On Beachbody

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Raine Group LLC purchased a new stake in Beachbody during the third quarter valued at $25,000. Mill Creek Capital Advisors LLC purchased a new stake in shares of Beachbody during the 3rd quarter valued at about $186,000. Rockefeller Capital Management L.P. bought a new position in shares of Beachbody in the 3rd quarter worth approximately $625,000. MSA Advisors LLC bought a new position in shares of Beachbody in the 3rd quarter worth approximately $668,000. Finally, Whetstone Capital Advisors LLC purchased a new position in shares of Beachbody in the third quarter worth approximately $1,071,000. 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.