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

The Beachbody Company, Inc. (NYSE:BODI) has received a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $12.00.

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

Beachbody Price Performance

Beachbody stock opened at $6.22 on Friday. The company’s fifty day moving average price is $6.32 and its 200 day moving average price is $6.80. Beachbody has a 1 year low of $5.14 and a 1 year high of $13.45. The stock has a market capitalization of $43.07 million, a P/E ratio of -0.39 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.

Institutional Investors Weigh In On Beachbody

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raine Group LLC acquired a new position in shares of Beachbody during the 3rd quarter valued at about $25,000. Mill Creek Capital Advisors LLC acquired a new position in shares of Beachbody during the 3rd quarter valued at about $186,000. Rockefeller Capital Management L.P. acquired a new position in shares of Beachbody during the 3rd quarter valued at about $625,000. MSA Advisors LLC acquired a new position in shares of Beachbody during the 3rd quarter valued at about $668,000. Finally, Whetstone Capital Advisors LLC acquired a new position in shares of Beachbody during the 3rd quarter valued at about $1,071,000. Institutional investors and hedge funds 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.