Beachbody’s (BODI) Buy Rating Reaffirmed at Roth Mkm

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

Beachbody Stock Performance

NYSE BODI opened at $6.61 on Thursday. The stock has a fifty day simple moving average of $6.38 and a 200-day simple moving average of $7.50. The company has a current ratio of 0.64, a quick ratio of 0.54 and a debt-to-equity ratio of 0.17. The stock has a market cap of $45.74 million, a PE ratio of -0.42 and a beta of 1.12. Beachbody has a twelve month low of $5.14 and a twelve month high of $13.45.

Institutional Investors Weigh In On Beachbody

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. purchased a new stake in Beachbody in the third quarter valued at approximately $625,000. Raine Capital LLC acquired a new position in Beachbody during the 3rd quarter worth about $4,287,000. Raine Group LLC acquired a new position in Beachbody in the 3rd quarter valued at about $25,000. Whetstone Capital Advisors LLC acquired a new position in Beachbody in the 3rd quarter valued at about $1,071,000. Finally, MSA Advisors LLC purchased a new stake in Beachbody during the third quarter worth about $668,000. 74.48% of the stock is owned by hedge funds and other 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.