Beachbody’s (BODI) “Buy” Rating Reiterated at Roth Mkm

Roth Mkm reissued their buy rating on shares of Beachbody (NYSE:BODI) in a research note issued to investors on Thursday morning,Benzinga reports. Roth Mkm currently has a $12.00 price objective on the stock.

Beachbody Stock Down 2.9 %

NYSE BODI opened at $6.61 on Thursday. Beachbody has a one year low of $5.14 and a one year high of $13.45. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.54 and a current ratio of 0.64. The business has a fifty day moving average price of $6.38 and a 200 day moving average price of $7.50. The company has a market cap of $45.74 million, a P/E ratio of -0.42 and a beta of 1.12.

Hedge Funds Weigh In On Beachbody

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