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

Shares of The Beachbody Company, Inc. (NASDAQ:BODI) have been assigned an average recommendation of “Moderate Buy” from the five research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $13.50.

BODI has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Beachbody in a research note on Friday, March 27th. Canaccord Genuity Group lifted their target price on shares of Beachbody from $9.00 to $12.00 and gave the company a “buy” rating in a report on Tuesday, March 10th. Craig Hallum began coverage on Beachbody in a research report on Monday, March 2nd. They issued a “buy” rating and a $15.00 price objective on the stock. Zacks Research upgraded Beachbody from a “hold” rating to a “strong-buy” rating in a report on Monday, March 16th. Finally, Wall Street Zen upgraded shares of Beachbody from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 14th.

Institutional Investors Weigh In On Beachbody

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bard Associates Inc. acquired a new stake in Beachbody during the fourth quarter valued at approximately $32,000. Cruiser Capital Advisors LLC bought a new position in Beachbody in the third quarter worth about $117,000. Jane Street Group LLC bought a new position in shares of Beachbody during the fourth quarter valued at approximately $140,000. State Street Corp bought a new stake in shares of Beachbody in the 4th quarter worth approximately $166,000. Finally, Geode Capital Management LLC increased its position in Beachbody by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 32,503 shares of the company’s stock worth $337,000 after buying an additional 1,125 shares during the period. Institutional investors own 74.48% of the company’s stock.

Beachbody Price Performance

Shares of NASDAQ BODI opened at $11.90 on Monday. The stock has a market capitalization of $85.44 million, a PE ratio of -25.32 and a beta of 0.85. The company has a quick ratio of 0.63, a current ratio of 0.74 and a debt-to-equity ratio of 0.72. The firm has a fifty day moving average of $10.01 and a 200-day moving average of $8.73. Beachbody has a 52-week low of $3.38 and a 52-week high of $12.66.

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.