The Beachbody Company, Inc. (NYSE:BODI) Shares Sold by Raine Capital LLC

Raine Capital LLC cut its position in The Beachbody Company, Inc. (NYSE:BODI) by 10.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 671,067 shares of the company’s stock after selling 78,321 shares during the quarter. Beachbody comprises 1.4% of Raine Capital LLC’s holdings, making the stock its 3rd biggest position. Raine Capital LLC owned approximately 9.70% of Beachbody worth $4,127,000 at the end of the most recent quarter.

Separately, Rockefeller Capital Management L.P. lifted its stake in shares of Beachbody by 38.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 151,410 shares of the company’s stock worth $931,000 after acquiring an additional 42,079 shares during the period. Hedge funds and other institutional investors own 74.48% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Roth Mkm reissued a “neutral” rating and set a $7.00 target price (down previously from $12.00) on shares of Beachbody in a report on Tuesday, April 1st. Roth Capital lowered Beachbody from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 1st. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $13.00 target price on shares of Beachbody in a report on Friday, March 28th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $11.25.

Beachbody Price Performance

BODI opened at $4.75 on Thursday. The firm has a market capitalization of $33.19 million, a P/E ratio of -0.30 and a beta of 1.14. The stock has a fifty day moving average of $5.60 and a 200-day moving average of $6.30. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 0.17. The Beachbody Company, Inc. has a 12-month low of $3.70 and a 12-month high of $9.50.

Beachbody (NYSE:BODI) last issued its earnings results on Wednesday, May 14th. The company reported ($0.84) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.33) by $0.49. Beachbody had a negative return on equity of 94.29% and a negative net margin of 22.62%. Equities analysts forecast that The Beachbody Company, Inc. will post -8.16 EPS for the current fiscal year.

Beachbody Profile

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.