The Beachbody Company, Inc. (NYSE:BODI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

The Beachbody Company, Inc. (NYSE:BODI) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $12.00.

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

Hedge Funds Weigh In On Beachbody

Several hedge funds and other institutional investors have recently made changes to their positions in BODI. Raine Group LLC bought a new stake in Beachbody during the 3rd quarter valued at $25,000. Mill Creek Capital Advisors LLC bought a new position in Beachbody in the 3rd quarter valued at about $186,000. Rockefeller Capital Management L.P. acquired a new stake in shares of Beachbody in the 3rd quarter worth approximately $625,000. MSA Advisors LLC bought a new position in shares of Beachbody in the third quarter valued at approximately $668,000. Finally, Whetstone Capital Advisors LLC bought a new position in shares of Beachbody in the third quarter valued at approximately $1,071,000. 74.48% of the stock is currently owned by institutional investors and hedge funds.

Beachbody Stock Up 0.3 %

Shares of Beachbody stock opened at $7.35 on Tuesday. The stock has a market capitalization of $50.89 million, a price-to-earnings ratio of -0.47 and a beta of 1.13. Beachbody has a twelve month low of $5.14 and a twelve month high of $12.13. The company has a current ratio of 0.64, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. The business’s 50 day simple moving average is $6.38 and its 200-day simple moving average is $6.61.

About Beachbody

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.