16,954 Shares in The Beachbody Company, Inc. (NYSE:BODI) Acquired by Summit Financial LLC

Summit Financial LLC purchased a new position in shares of The Beachbody Company, Inc. (NYSE:BODI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 16,954 shares of the company’s stock, valued at approximately $104,000.

Separately, Rockefeller Capital Management L.P. acquired a new stake in shares of Beachbody during the 3rd quarter worth about $625,000. 74.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on BODI. Canaccord Genuity Group reiterated a “buy” rating and issued a $13.00 price target on shares of Beachbody in a research note on Friday, March 28th. Roth Capital cut shares of Beachbody from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, Roth Mkm reiterated a “neutral” rating and set a $7.00 price target (down from $12.00) on shares of Beachbody in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Beachbody presently has a consensus rating of “Hold” and a consensus price target of $11.00.

Beachbody Price Performance

BODI stock opened at $5.33 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $36.90 million, a P/E ratio of -0.34 and a beta of 1.07. The business has a 50 day simple moving average of $7.28 and a 200-day simple moving average of $6.70. The Beachbody Company, Inc. has a twelve month low of $5.03 and a twelve month high of $10.80.

Beachbody (NYSE:BODI) last issued its quarterly earnings results on Thursday, March 27th. The company reported ($1.89) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.88) by $0.99. The firm had revenue of $86.37 million during the quarter, compared to analysts’ expectations of $81.71 million. Beachbody had a negative net margin of 22.62% and a negative return on equity of 94.29%. As a group, equities analysts anticipate that The Beachbody Company, Inc. will post -8.16 EPS for the current year.

Beachbody 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.