The Beachbody Company, Inc. (NYSE:BODI) Receives $12.00 Average Price Target from Brokerages

The Beachbody Company, Inc. (NYSE:BODI) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $12.00.

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a $13.00 price target on shares of Beachbody in a research report on Friday.

Beachbody Trading Down 6.2 %

Shares of Beachbody stock opened at $7.51 on Friday. The firm has a market cap of $51.96 million, a PE ratio of -0.48 and a beta of 1.13. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.64 and a quick ratio of 0.52. Beachbody has a 1 year low of $5.14 and a 1 year high of $10.80. The stock has a fifty day moving average price of $7.31 and a 200-day moving average price of $6.69.

Beachbody (NYSE:BODI) last released its earnings results on Thursday, March 27th. The company reported ($1.89) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.88) by $0.99. Beachbody had a negative return on equity of 94.29% and a negative net margin of 22.62%. The business had revenue of $86.37 million during the quarter, compared to the consensus estimate of $81.71 million. Equities research analysts anticipate that Beachbody will post -8.16 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BODI. Raine Group LLC bought a new stake in Beachbody during the third quarter valued at $25,000. Summit Financial LLC bought a new stake in shares of Beachbody during the 4th quarter worth $104,000. Rockefeller Capital Management L.P. purchased a new position in Beachbody in the third quarter worth $625,000. Finally, Raine Capital LLC purchased a new position in shares of Beachbody in the 3rd quarter worth about $4,287,000. 74.48% of the stock is currently owned by hedge funds and other institutional investors.

Beachbody Company 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.