The Beachbody Company, Inc. (NASDAQ:BODI) Stock Has Consensus Price Target of $14.33

The Beachbody Company, Inc. (NASDAQ:BODI) has earned a consensus rating of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $14.33.

Several equities analysts recently weighed in on BODI shares. Wall Street Zen lowered shares of Beachbody from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings upgraded shares of Beachbody from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, September 22nd. Finally, Roth Capital restated a “neutral” rating and set a $9.00 price target on shares of Beachbody in a research note on Tuesday, August 11th.

Beachbody Stock Performance

Shares of BODI opened at $4.92 on Monday. The stock has a 50 day moving average of $6.63 and a 200 day moving average of $9.61. The company has a market capitalization of $35.84 million, a price-to-earnings ratio of 3.02 and a beta of 0.92. Beachbody has a 12 month low of $4.05 and a 12 month high of $16.87. The company has a current ratio of 0.79, a quick ratio of 0.61 and a debt-to-equity ratio of 0.58.

Beachbody (NASDAQ:BODI) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.11 earnings per share for the quarter. The business had revenue of $49.61 million for the quarter. Beachbody had a return on equity of 44.34% and a net margin of 5.68%. As a group, sell-side analysts forecast that Beachbody will post 0.22 earnings per share for the current year.

Institutional Trading of Beachbody

Large investors have recently bought and sold shares of the company. Renaissance Technologies LLC lifted its position in shares of Beachbody by 94.9% during the 1st quarter. Renaissance Technologies LLC now owns 102,864 shares of the company’s stock valued at $1,117,000 after buying an additional 50,095 shares during the last quarter. Citadel Advisors LLC raised its stake in Beachbody by 104.6% in the 2nd quarter. Citadel Advisors LLC now owns 37,531 shares of the company’s stock valued at $384,000 after acquiring an additional 19,189 shares during the period. Evernest Financial Advisors LLC bought a new stake in Beachbody in the 1st quarter valued at about $316,000. North Star Investment Management Corp. bought a new position in Beachbody during the first quarter worth about $163,000. Finally, NewEdge Advisors LLC purchased a new position in shares of Beachbody in the second quarter worth about $145,000. 74.48% of the stock is owned by hedge funds and other institutional investors.

Beachbody Company Profile

Beachbody, Inc, formerly known as The Beachbody Company, is a digital fitness and wellness company that provides workout programs, nutrition products and related support services. The company operates through a subscription-based platform offering on-demand and live-streamed exercise content, including strength training, cardio, yoga and other fitness programs designed for home use.

Its product portfolio has included the Beachbody On Demand platform, the BODi fitness and nutrition service, and nutritional brands such as Shakeology and Beachbody Performance.