The Beachbody Company, Inc. (NASDAQ:BODI) Given Average Rating of “Hold” by Brokerages

Shares of The Beachbody Company, Inc. (NASDAQ:BODI) have received an average recommendation of “Hold” from the five brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $8.00.

A number of equities research analysts have commented on the stock. Wall Street Zen raised shares of Beachbody to a “buy” rating in a research report on Saturday. Noble Financial assumed coverage on Beachbody in a research note on Tuesday, October 28th. They issued an “outperform” rating on the stock. Canaccord Genuity Group upped their price objective on Beachbody from $7.00 to $9.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Beachbody in a report on Monday.

Hedge Funds Weigh In On Beachbody

An institutional investor recently bought a new position in Beachbody stock. Cruiser Capital Advisors LLC bought a new stake in shares of The Beachbody Company, Inc. (NASDAQ:BODI) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,830 shares of the company’s stock, valued at approximately $117,000. Cruiser Capital Advisors LLC owned 0.28% of Beachbody at the end of the most recent quarter. 74.48% of the stock is currently owned by institutional investors and hedge funds.

Beachbody Price Performance

BODI opened at $10.05 on Friday. The company’s 50-day simple moving average is $8.14 and its two-hundred day simple moving average is $6.08. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.53 and a current ratio of 0.65. The stock has a market capitalization of $71.25 million, a P/E ratio of -1.62 and a beta of 1.15. Beachbody has a 52-week low of $3.38 and a 52-week high of $12.33.

Beachbody (NASDAQ:BODI) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of ($0.54) by $1.05. The firm had revenue of $59.89 million during the quarter, compared to analyst estimates of $55.15 million. Beachbody had a negative net margin of 15.09% and a negative return on equity of 78.72%. As a group, analysts predict that Beachbody will post -8.16 EPS for the current year.

Beachbody Company Profile

Beachbody is a consumer-oriented health and fitness company based in Santa Monica, California. Founded in 1998 by Carl Daikeler and Jon Congdon, the company originally gained prominence through at-home workout programs distributed on DVD. Over time, Beachbody has transitioned much of its content delivery to a subscription-based digital platform, offering on-demand streaming of exercise routines, meal plans and wellness coaching.

The company’s portfolio includes a range of branded fitness programs—such as P90X, Insanity, 21 Day Fix and Body Beast—alongside nutrition and supplement products marketed under the Beachbody Nutrition brand.