Analysts Set The Beachbody Company, Inc. (NYSE:BODI) PT at $12.00

The Beachbody Company, Inc. (NYSE:BODI) has been given an average rating of “Moderate Buy” by the six research firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $12.00.

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

Beachbody Price Performance

Beachbody stock opened at $7.52 on Tuesday. The business’s 50 day simple moving average is $6.50 and its 200 day simple moving average is $6.59. Beachbody has a 12 month low of $5.14 and a 12 month high of $11.33. The company has a market cap of $52.07 million, a price-to-earnings ratio of -0.48 and a beta of 1.13. The company has a current ratio of 0.64, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BODI. Raine Capital LLC bought a new stake in shares of Beachbody in the third quarter worth about $4,287,000. Whetstone Capital Advisors LLC bought a new position in shares of Beachbody in the 3rd quarter worth about $1,071,000. MSA Advisors LLC purchased a new position in shares of Beachbody during the third quarter valued at approximately $668,000. Rockefeller Capital Management L.P. purchased a new stake in shares of Beachbody in the third quarter worth $625,000. Finally, Mill Creek Capital Advisors LLC bought a new position in shares of Beachbody in the third quarter worth approximately $186,000. 74.48% of the stock is currently owned by institutional investors.

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.