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

The Beachbody Company, Inc. (NYSE:BODI) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat.com reports. Two investment 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 issued a report on the stock in the last year is $12.00.

Separately, Roth Mkm reissued a “buy” rating and set a $12.00 price objective on shares of Beachbody in a report on Thursday, November 14th.

Beachbody Trading Down 1.4 %

NYSE:BODI opened at $7.33 on Tuesday. Beachbody has a 1 year low of $5.14 and a 1 year high of $12.13. The stock has a market cap of $50.69 million, a P/E ratio of -0.47 and a beta of 1.13. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 0.64. The stock has a 50-day simple moving average of $6.47 and a 200-day simple moving average of $6.60.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Raine Capital LLC purchased a new position in shares of Beachbody during the third quarter worth about $4,287,000. Whetstone Capital Advisors LLC acquired a new position in shares of Beachbody in the third quarter valued at approximately $1,071,000. MSA Advisors LLC purchased a new stake in shares of Beachbody during the third quarter worth approximately $668,000. Rockefeller Capital Management L.P. acquired a new stake in shares of Beachbody during the third quarter worth $625,000. Finally, Mill Creek Capital Advisors LLC purchased a new position in Beachbody in the 3rd quarter valued at $186,000. Institutional investors and hedge funds own 74.48% of the company’s stock.

About Beachbody

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.