The Beachbody Company, Inc. (NASDAQ:BODI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of The Beachbody Company, Inc. (NASDAQ:BODI) have earned a consensus rating of “Moderate Buy” from the five research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $13.50.

A number of research analysts have recently issued reports on BODI shares. Canaccord Genuity Group boosted their price objective on Beachbody from $9.00 to $12.00 and gave the company a “buy” rating in a research note on Tuesday, March 10th. Craig Hallum started coverage on Beachbody in a research note on Monday, March 2nd. They issued a “buy” rating and a $15.00 price objective on the stock. Wall Street Zen raised Beachbody from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 14th. Zacks Research raised Beachbody from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 16th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Beachbody in a research note on Friday, March 27th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in 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 period. Bard Associates Inc. acquired a new position in Beachbody during the 4th quarter worth approximately $32,000. Jane Street Group LLC acquired a new position in Beachbody during the 4th quarter worth approximately $140,000. North Star Investment Management Corp. acquired a new position in Beachbody during the 1st quarter worth approximately $163,000. Finally, State Street Corp acquired a new position in Beachbody during the 4th quarter worth approximately $166,000. 74.48% of the stock is owned by institutional investors and hedge funds.

Beachbody Stock Down 2.0%

Shares of NASDAQ:BODI opened at $14.96 on Friday. The company has a market capitalization of $107.41 million, a price-to-earnings ratio of -31.83 and a beta of 0.85. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.74 and a quick ratio of 0.63. The business’s 50-day moving average is $10.96 and its 200-day moving average is $9.57. Beachbody has a 1 year low of $3.38 and a 1 year high of $16.68.

About Beachbody

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.