Beachbody (NYSE:BODI) Given “Buy” Rating at Roth Mkm

Beachbody (NYSE:BODI)‘s stock had its “buy” rating reaffirmed by Roth Mkm in a report released on Thursday,Benzinga reports. They currently have a $12.00 target price on the stock. Roth Mkm’s price target suggests a potential upside of 73.91% from the stock’s previous close.

Beachbody Price Performance

NYSE BODI traded up $0.47 during trading hours on Thursday, hitting $6.90. The company had a trading volume of 15,621 shares, compared to its average volume of 21,488. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.54 and a current ratio of 0.71. The firm has a market capitalization of $47.75 million, a price-to-earnings ratio of -0.44 and a beta of 1.12. Beachbody has a 52 week low of $5.14 and a 52 week high of $13.45. The firm has a 50 day simple moving average of $6.35 and a 200 day simple moving average of $7.54.

Hedge Funds Weigh In On Beachbody

Hedge funds have recently bought and sold shares of the company. Whetstone Capital Advisors LLC purchased a new stake in Beachbody in the 3rd quarter worth approximately $1,071,000. MSA Advisors LLC purchased a new position in Beachbody during the third quarter worth about $668,000. Finally, Mill Creek Capital Advisors LLC bought a new position in Beachbody in the 3rd quarter worth about $186,000. Hedge funds and other institutional investors own 74.48% of the company’s stock.

About Beachbody

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.