The Beachbody Company, Inc. (NASDAQ:BODI) Receives Consensus Recommendation of “Hold” from Brokerages

The Beachbody Company, Inc. (NASDAQ:BODI) has received an average recommendation of “Hold” from the six research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $11.3333.

BODI has been the topic of a number of recent analyst reports. Zacks Research lowered Beachbody from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Canaccord Genuity Group upped their price target on shares of Beachbody from $9.00 to $12.00 and gave the stock a “buy” rating in a report on Tuesday, March 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Beachbody in a research note on Monday, December 29th. Craig Hallum assumed coverage on shares of Beachbody in a report on Monday, March 2nd. They set a “buy” rating and a $15.00 price objective for the company. Finally, Wall Street Zen raised shares of Beachbody from a “buy” rating to a “strong-buy” rating in a research report on Saturday.

Beachbody Price Performance

Shares of BODI stock opened at $11.16 on Thursday. The stock has a 50 day moving average price of $9.65 and a 200 day moving average price of $8.19. Beachbody has a 52-week low of $3.38 and a 52-week high of $12.66. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.63 and a current ratio of 0.74. The firm has a market capitalization of $79.12 million, a P/E ratio of -1.79 and a beta of 1.15.

Institutional Trading of Beachbody

Large investors have recently modified their holdings of the company. Bard Associates Inc. bought a new position in Beachbody in the fourth quarter worth approximately $32,000. Cruiser Capital Advisors LLC purchased a new stake in shares of Beachbody in the 3rd quarter worth $117,000. Jane Street Group LLC purchased a new stake in shares of Beachbody in the 4th quarter worth $140,000. State Street Corp bought a new position in shares of Beachbody during the 4th quarter worth $166,000. Finally, Geode Capital Management LLC grew its position in shares of Beachbody by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 32,503 shares of the company’s stock worth $337,000 after buying an additional 1,125 shares in the last quarter. Hedge funds and other institutional investors own 74.48% of the company’s stock.

About Beachbody

Beachbody is a consumer-oriented health and fitness company based in Santa Monica, California. Founded in 1998 by Carl Daikeler and Jon Congdon, the company originally gained prominence through at-home workout programs distributed on DVD. Over time, Beachbody has transitioned much of its content delivery to a subscription-based digital platform, offering on-demand streaming of exercise routines, meal plans and wellness coaching.

The company’s portfolio includes a range of branded fitness programs—such as P90X, Insanity, 21 Day Fix and Body Beast—alongside nutrition and supplement products marketed under the Beachbody Nutrition brand.