Beachbody (NYSE:BODI) Trading Up 8.8% – Time to Buy?

Shares of The Beachbody Company, Inc. (NYSE:BODI) traded up 8.8% on Monday . The company traded as high as $7.90 and last traded at $7.74. 13,071 shares were traded during mid-day trading, a decline of 25% from the average session volume of 17,429 shares. The stock had previously closed at $7.11.

Beachbody Stock Performance

The stock has a market capitalization of $53.56 million, a price-to-earnings ratio of -0.49 and a beta of 1.13. 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 50 day simple moving average of $7.20 and a 200-day simple moving average of $6.64.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. MSA Advisors LLC acquired a new position in Beachbody during the 3rd quarter worth approximately $668,000. Rockefeller Capital Management L.P. acquired a new stake in Beachbody in the third quarter valued at approximately $625,000. Whetstone Capital Advisors LLC bought a new stake in shares of Beachbody during the third quarter valued at approximately $1,071,000. Raine Capital LLC acquired a new position in shares of Beachbody during the third quarter worth approximately $4,287,000. Finally, Summit Financial LLC bought a new position in shares of Beachbody in the 4th quarter worth $104,000. Institutional investors and hedge funds own 74.48% of the company’s stock.

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.