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

The Beachbody Company, Inc. (NASDAQ:BODI) has earned a consensus recommendation of “Hold” from the five brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $8.00.

Several equities analysts have weighed in on BODI shares. Wall Street Zen raised Beachbody to a “buy” rating in a research report on Saturday, December 27th. Canaccord Genuity Group lifted their price target on shares of Beachbody from $7.00 to $9.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Zacks Research cut Beachbody from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Noble Financial began coverage on shares of Beachbody in a report on Tuesday, October 28th. They issued an “outperform” rating on the stock. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Beachbody in a research report on Monday, December 29th.

Beachbody Trading Down 3.6%

NASDAQ:BODI opened at $8.86 on Friday. Beachbody has a 52-week low of $3.38 and a 52-week high of $12.66. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $62.80 million, a PE ratio of -1.42 and a beta of 1.12. The stock’s 50 day moving average price is $10.58 and its 200 day moving average price is $7.62.

Institutional Trading of Beachbody

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC grew its holdings in Beachbody by 54.0% during the fourth quarter. Renaissance Technologies LLC now owns 52,769 shares of the company’s stock valued at $547,000 after purchasing an additional 18,505 shares during the last quarter. Geode Capital Management LLC grew its stake in Beachbody by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 32,503 shares of the company’s stock valued at $337,000 after buying an additional 1,125 shares during the last quarter. State Street Corp bought a new position in Beachbody in the 4th quarter worth $166,000. Jane Street Group LLC acquired a new position in Beachbody during the 4th quarter worth $140,000. Finally, Cruiser Capital Advisors LLC bought a new stake in Beachbody during the third quarter valued at about $117,000. 74.48% of the stock is currently owned by institutional investors and hedge funds.

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.