The Beachbody Company, Inc. (NYSE:BODI) Receives $12.00 Average PT from Brokerages

The Beachbody Company, Inc. (NYSE:BODI) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $12.00.

Separately, Roth Mkm reiterated a “buy” rating and issued a $12.00 price target on shares of Beachbody in a research note on Thursday, November 14th.

Beachbody Price Performance

Shares of NYSE:BODI opened at $6.53 on Monday. Beachbody has a 12-month low of $5.14 and a 12-month high of $13.45. The stock has a market capitalization of $45.21 million, a price-to-earnings ratio of -0.41 and a beta of 1.16. The stock has a fifty day simple moving average of $6.46 and a two-hundred day simple moving average of $7.11. The company has a current ratio of 0.64, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17.

Hedge Funds Weigh In On Beachbody

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Raine Capital LLC purchased a new stake in Beachbody during the 3rd quarter valued at $4,287,000. Raine Group LLC purchased a new stake in Beachbody during the third quarter valued at $25,000. Rockefeller Capital Management L.P. bought a new position in Beachbody in the third quarter valued at about $625,000. Whetstone Capital Advisors LLC purchased a new position in Beachbody in the third quarter worth about $1,071,000. Finally, MSA Advisors LLC purchased a new position in Beachbody in the third quarter worth about $668,000. Institutional investors own 74.48% of the company’s stock.

Beachbody Company Profile

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.