The Beachbody Company, Inc. (NYSE:BODI) Receives Consensus Rating of “Moderate Buy” from Brokerages

The Beachbody Company, Inc. (NYSE:BODI) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $11.00.

BODI has been the subject of a number of research reports. Roth Mkm restated a “neutral” rating and set a $7.00 price objective (down from $12.00) on shares of Beachbody in a research report on Tuesday. Canaccord Genuity Group restated a “buy” rating and set a $13.00 price target on shares of Beachbody in a report on Friday, March 28th.

Beachbody Trading Down 0.9 %

Beachbody stock opened at $7.42 on Friday. Beachbody has a 52 week low of $5.14 and a 52 week high of $10.80. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 0.64. The firm has a market capitalization of $51.38 million, a price-to-earnings ratio of -0.47 and a beta of 1.13. The company has a 50 day moving average price of $7.35 and a 200 day moving average price of $6.71.

Beachbody (NYSE:BODI) last issued its earnings results on Thursday, March 27th. The company reported ($1.89) EPS for the quarter, topping the consensus estimate of ($2.88) by $0.99. Beachbody had a negative return on equity of 94.29% and a negative net margin of 22.62%. The business had revenue of $86.37 million during the quarter, compared to analysts’ expectations of $81.71 million. Research analysts forecast that Beachbody will post -8.16 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Raine Capital LLC acquired a new stake in shares of Beachbody during the 3rd quarter valued at about $4,287,000. Rockefeller Capital Management L.P. increased its holdings in Beachbody by 38.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 151,410 shares of the company’s stock worth $931,000 after buying an additional 42,079 shares during the last quarter. Summit Financial LLC bought a new position in Beachbody during the fourth quarter valued at approximately $104,000. Finally, Raine Group LLC acquired a new stake in Beachbody in the third quarter valued at approximately $25,000. Hedge funds and other institutional investors own 74.48% of the company’s stock.

Beachbody Company Profile

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.