The Beachbody Company, Inc. (NASDAQ:BODI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

The Beachbody Company, Inc. (NASDAQ:BODI) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, 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 brokers that have updated their coverage on the stock in the last year is $15.6667.

BODI has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Beachbody from a “hold” rating to a “buy” rating in a report on Sunday, June 28th. Roth Capital restated a “neutral” rating and set a $13.00 price objective on shares of Beachbody in a report on Wednesday, May 13th. Noble Financial reaffirmed an “outperform” rating on shares of Beachbody in a research report on Wednesday, May 13th. Canaccord Genuity Group boosted their target price on shares of Beachbody from $15.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings raised shares of Beachbody from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Bard Associates Inc. purchased a new stake in Beachbody in the 4th quarter worth about $32,000. Dimensional Fund Advisors LP purchased a new stake in Beachbody during the first quarter valued at about $111,000. Cruiser Capital Advisors LLC bought a new position in Beachbody during the third quarter worth about $117,000. Jane Street Group LLC bought a new position in Beachbody during the fourth quarter worth about $140,000. Finally, North Star Investment Management Corp. purchased a new position in shares of Beachbody in the first quarter worth about $163,000. Hedge funds and other institutional investors own 74.48% of the company’s stock.

Beachbody Stock Performance

Shares of BODI opened at $11.01 on Wednesday. The stock has a 50 day moving average of $10.33 and a 200 day moving average of $10.65. The company has a market capitalization of $79.73 million, a price-to-earnings ratio of 16.43 and a beta of 1.01. Beachbody has a 12 month low of $3.76 and a 12 month high of $16.87. The company has a current ratio of 0.76, a quick ratio of 0.64 and a debt-to-equity ratio of 0.64.

Beachbody (NASDAQ:BODI) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.40. The business had revenue of $54.28 million for the quarter, compared to analysts’ expectations of $51.77 million. Beachbody had a return on equity of 33.74% and a net margin of 2.21%. As a group, sell-side analysts forecast that Beachbody will post 0.37 earnings per share for the current year.

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.