The Beachbody Company, Inc. (NASDAQ:BODI) Stock Has Average Price Target of $14.33 According to Brokerages

Shares of The Beachbody Company, Inc. (NASDAQ:BODI) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are covering the company, MarketBeat Ratings reports. Three equities 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 target among brokerages that have issued ratings on the stock in the last year is $14.33.

BODI has been the subject of a number of research reports. Roth Capital reiterated a “neutral” rating and issued a $9.00 price objective on shares of Beachbody in a research report on Tuesday, August 11th. Weiss Ratings raised shares of Beachbody from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, September 22nd. Finally, Wall Street Zen lowered shares of Beachbody from a “buy” rating to a “hold” rating in a report on Saturday, August 8th.

Beachbody Stock Performance

Shares of BODI opened at $4.92 on Monday. The company has a market capitalization of $35.82 million, a PE ratio of 3.02 and a beta of 0.92. The company’s fifty day moving average price is $6.63 and its 200 day moving average price is $9.60. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.79 and a quick ratio of 0.61. Beachbody has a one year low of $4.05 and a one year high of $16.87.

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

Institutional Investors Weigh In On Beachbody

A number of institutional investors and hedge funds have recently made changes to their positions in BODI. NewEdge Advisors LLC acquired a new position in Beachbody during the second quarter worth $145,000. Citadel Advisors LLC lifted its position in shares of Beachbody by 104.6% during the 2nd quarter. Citadel Advisors LLC now owns 37,531 shares of the company’s stock valued at $384,000 after acquiring an additional 19,189 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Beachbody by 94.9% during the 1st quarter. Renaissance Technologies LLC now owns 102,864 shares of the company’s stock worth $1,117,000 after purchasing an additional 50,095 shares in the last quarter. Dimensional Fund Advisors LP bought a new stake in Beachbody during the first quarter worth about $111,000. Finally, Evernest Financial Advisors LLC bought a new stake in Beachbody during the first quarter worth about $316,000. Institutional investors own 74.48% of the company’s stock.

About Beachbody

Beachbody, Inc, formerly known as The Beachbody Company, is a digital fitness and wellness company that provides workout programs, nutrition products and related support services. The company operates through a subscription-based platform offering on-demand and live-streamed exercise content, including strength training, cardio, yoga and other fitness programs designed for home use.

Its product portfolio has included the Beachbody On Demand platform, the BODi fitness and nutrition service, and nutritional brands such as Shakeology and Beachbody Performance.