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

The Beachbody Company, Inc. (NYSE:BODI) has received an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $12.00.

Separately, Canaccord Genuity Group restated a “buy” rating and issued a $13.00 price objective on shares of Beachbody in a report on Friday.

Beachbody Price Performance

Shares of NYSE BODI traded down $0.46 during trading on Friday, hitting $7.55. The company had a trading volume of 11,097 shares, compared to its average volume of 17,513. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 0.17. The stock has a fifty day simple moving average of $7.29 and a two-hundred day simple moving average of $6.67. Beachbody has a fifty-two week low of $5.14 and a fifty-two week high of $10.80. The firm has a market capitalization of $52.24 million, a price-to-earnings ratio of -0.48 and a beta of 1.13.

Institutional Trading of Beachbody

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rockefeller Capital Management L.P. acquired a new stake in shares of Beachbody in the 3rd quarter valued at about $625,000. Raine Capital LLC acquired a new position in Beachbody during the 3rd quarter worth approximately $4,287,000. Summit Financial LLC purchased a new position in Beachbody in the fourth quarter worth $104,000. Finally, Raine Group LLC purchased a new position in shares of Beachbody in the 3rd quarter valued at about $25,000. 74.48% of the stock is currently owned by institutional investors and hedge funds.

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.