The Beachbody Company, Inc. (NASDAQ:BODI) Receives $14.33 Average Target Price from Analysts

Shares of The Beachbody Company, Inc. (NASDAQ:BODI) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $14.3333.

BODI has been the topic of a number of research analyst reports. Zacks Research lowered Beachbody from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Wall Street Zen downgraded shares of Beachbody from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded shares of Beachbody from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 25th. Roth Capital reissued a “neutral” rating and issued a $9.00 target price on shares of Beachbody in a research report on Tuesday, August 11th. Finally, Noble Financial reissued an “outperform” rating on shares of Beachbody in a research report on Wednesday, May 13th.

Beachbody Trading Down 0.5%

Shares of Beachbody stock opened at $5.74 on Thursday. Beachbody has a fifty-two week low of $4.05 and a fifty-two week high of $16.87. The firm has a market cap of $41.79 million, a PE ratio of 3.52 and a beta of 0.99. The business’s fifty day moving average is $8.90 and its two-hundred day moving average is $10.10. The company has a quick ratio of 0.61, a current ratio of 0.79 and a debt-to-equity ratio of 0.58.

Beachbody (NASDAQ:BODI) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.11 EPS for the quarter. The business had revenue of $49.61 million during the quarter. Beachbody had a return on equity of 44.34% and a net margin of 5.68%. Analysts anticipate that Beachbody will post 0.22 earnings per share for the current year.

Hedge Funds Weigh In On Beachbody

A number of hedge funds have recently made changes to their positions in the stock. Cruiser Capital Advisors LLC purchased a new stake in shares of Beachbody during the 3rd quarter valued at $117,000. Geode Capital Management LLC increased its holdings in shares of Beachbody by 3.6% during the 4th 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 last quarter. Renaissance Technologies LLC raised its position in shares of Beachbody by 54.0% in the 4th quarter. Renaissance Technologies LLC now owns 52,769 shares of the company’s stock worth $547,000 after buying an additional 18,505 shares during the period. Jane Street Group LLC purchased a new position in shares of Beachbody in the 4th quarter worth $140,000. Finally, State Street Corp acquired a new position in Beachbody in the fourth quarter valued at $166,000. Institutional investors and hedge funds own 74.48% of the company’s stock.

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.