Brokerages Set The Beachbody Company, Inc. (NASDAQ:BODI) PT at $15.67

Shares of The Beachbody Company, Inc. (NASDAQ:BODI) have received an average rating of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $15.6667.

Several research firms have recently commented on BODI. Noble Financial reissued an “outperform” rating on shares of Beachbody in a research report on Wednesday, May 13th. Weiss Ratings raised Beachbody from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. Roth Capital reiterated a “neutral” rating and issued a $13.00 target price on shares of Beachbody in a research note on Wednesday, May 13th. Zacks Research downgraded shares of Beachbody from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Finally, Canaccord Genuity Group boosted their target price on shares of Beachbody from $15.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th.

Beachbody Stock Performance

Shares of BODI stock opened at $10.37 on Wednesday. The firm has a market cap of $75.08 million, a price-to-earnings ratio of 15.48 and a beta of 1.01. The company’s 50 day moving average is $10.41 and its 200 day moving average is $10.64. The company has a quick ratio of 0.64, a current ratio of 0.76 and a debt-to-equity ratio of 0.64. Beachbody has a 52-week low of $3.76 and a 52-week high of $16.87.

Beachbody (NASDAQ:BODI) last posted its earnings results on Tuesday, May 12th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.40. The company had revenue of $54.28 million during the quarter, compared to analyst estimates of $51.77 million. Beachbody had a return on equity of 33.74% and a net margin of 2.21%. On average, sell-side analysts anticipate that Beachbody will post 0.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Renaissance Technologies LLC lifted its position in Beachbody by 94.9% during the first quarter. Renaissance Technologies LLC now owns 102,864 shares of the company’s stock valued at $1,117,000 after acquiring an additional 50,095 shares during the last quarter. Dimensional Fund Advisors LP purchased a new position in Beachbody in the first quarter worth $111,000. Evernest Financial Advisors LLC acquired a new position in shares of Beachbody during the first quarter worth $316,000. North Star Investment Management Corp. acquired a new position in shares of Beachbody during the first quarter worth $163,000. Finally, Bard Associates Inc. acquired a new position in shares of Beachbody during the fourth quarter worth $32,000. Institutional investors own 74.48% of the company’s stock.

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.