The Beachbody Company, Inc. (NYSE:BODI) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of The Beachbody Company, Inc. (NYSE:BODI) have been given an average rating of “Moderate Buy” by the six research firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $12.00.

Separately, Canaccord Genuity Group restated a “buy” rating and issued a $13.00 target price on shares of Beachbody in a report on Friday.

Beachbody Trading Down 5.7 %

Shares of Beachbody stock traded down $0.46 during trading hours on Friday, reaching $7.55. 11,097 shares of the company’s stock were exchanged, compared to its average volume of 17,513. The company has a fifty day moving average of $7.29 and a 200-day moving average of $6.67. Beachbody has a 52-week low of $5.14 and a 52-week high of $10.80. The firm has a market capitalization of $52.24 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 Investors Weigh In On Beachbody

Hedge funds have recently modified their holdings of the stock. Raine Group LLC acquired a new stake in Beachbody during the 3rd quarter valued at $25,000. Summit Financial LLC bought a new position in Beachbody during the 4th quarter worth approximately $104,000. Rockefeller Capital Management L.P. acquired a new position in Beachbody in the third quarter worth $625,000. Finally, Raine Capital LLC bought a new stake in Beachbody during the third quarter valued at $4,287,000. 74.48% of the stock is currently 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.