Beachbody (NYSE:BODI) Shares Up 5.4% – Should You Buy?

The Beachbody Company, Inc. (NYSE:BODI)’s stock price traded up 5.4% during trading on Friday . The company traded as high as $7.57 and last traded at $7.33. 8,666 shares traded hands during trading, a decline of 54% from the average session volume of 18,938 shares. The stock had previously closed at $6.95.

Wall Street Analyst Weigh In

Separately, Roth Mkm reissued a “buy” rating and set a $12.00 target price on shares of Beachbody in a research note on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $12.00.

Beachbody Trading Up 5.4 %

The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $50.69 million, a price-to-earnings ratio of -0.47 and a beta of 1.13. The company’s fifty day simple moving average is $6.36 and its two-hundred day simple moving average is $6.65.

Institutional Investors Weigh In On Beachbody

Several institutional investors and hedge funds have recently added to or reduced their stakes in BODI. Raine Capital LLC acquired a new stake in shares of Beachbody in the third quarter valued at approximately $4,287,000. Whetstone Capital Advisors LLC bought a new position in shares of Beachbody during the third quarter worth approximately $1,071,000. MSA Advisors LLC acquired a new position in Beachbody in the 3rd quarter valued at $668,000. Rockefeller Capital Management L.P. bought a new stake in Beachbody during the third quarter worth about $625,000. Finally, Mill Creek Capital Advisors LLC acquired a new stake in shares of Beachbody during the 3rd quarter worth approximately $186,000. 74.48% of the stock is owned by institutional investors.

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.