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

Roth Mkm reissued their buy rating on shares of Beachbody (NYSE:BODI) in a research note released on Thursday,Benzinga reports. They currently have a $12.00 target price on the stock.

Beachbody Price Performance

Beachbody stock opened at $6.61 on Thursday. The company has a quick ratio of 0.54, a current ratio of 0.64 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $45.74 million, a P/E ratio of -0.42 and a beta of 1.12. The firm has a fifty day moving average of $6.38 and a 200-day moving average of $7.49. Beachbody has a 52-week low of $5.14 and a 52-week high of $13.45.

Institutional Investors Weigh In On Beachbody

Hedge funds have recently modified their holdings of the stock. Raine Group LLC purchased a new position in Beachbody in the 3rd quarter worth approximately $25,000. Mill Creek Capital Advisors LLC purchased a new stake in shares of Beachbody during the third quarter valued at approximately $186,000. Rockefeller Capital Management L.P. acquired a new position in shares of Beachbody during the third quarter worth $625,000. MSA Advisors LLC purchased a new position in shares of Beachbody in the third quarter valued at $668,000. Finally, Whetstone Capital Advisors LLC acquired a new stake in Beachbody during the 3rd quarter valued at $1,071,000. 74.48% of the stock is currently owned by hedge funds and other institutional investors.

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.