The Beachbody Company, Inc. (NYSE:BODI) Given Average Rating of “Moderate Buy” by Analysts

The Beachbody Company, Inc. (NYSE:BODI) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on 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 report on Thursday, November 14th.

Hedge Funds Weigh In On Beachbody

Hedge funds and other institutional investors have recently modified their holdings of the stock. Raine Capital LLC purchased a new position in Beachbody during the 3rd quarter valued at approximately $4,287,000. Whetstone Capital Advisors LLC purchased a new stake in shares of Beachbody during the 3rd quarter worth approximately $1,071,000. MSA Advisors LLC bought a new position in shares of Beachbody during the 3rd quarter valued at approximately $668,000. Rockefeller Capital Management L.P. purchased a new position in shares of Beachbody in the third quarter valued at $625,000. Finally, Mill Creek Capital Advisors LLC bought a new stake in Beachbody in the third quarter worth $186,000. Institutional investors own 74.48% of the company’s stock.

Beachbody Price Performance

Shares of NYSE:BODI opened at $6.53 on Monday. The company has a market capitalization of $45.21 million, a P/E ratio of -0.41 and a beta of 1.16. Beachbody has a 1-year low of $5.14 and a 1-year high of $13.45. The firm’s 50 day simple moving average is $6.46 and its two-hundred day simple moving average is $7.13. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.64 and a quick ratio of 0.52.

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.