Roth Mkm Reaffirms “Neutral” Rating for Beachbody (NYSE:BODI)

Roth Mkm reaffirmed their neutral rating on shares of Beachbody (NYSE:BODI) in a report released on Tuesday morning,Benzinga reports. Roth Mkm currently has a $7.00 price target on the stock, down from their prior price target of $12.00.

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a $13.00 price target on shares of Beachbody in a report on Friday, March 28th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Beachbody currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.00.

Beachbody Stock Down 0.9 %

Shares of NYSE:BODI opened at $7.42 on Tuesday. The stock has a 50-day simple moving average of $7.35 and a 200-day simple moving average of $6.71. The stock has a market capitalization of $51.38 million, a P/E ratio of -0.47 and a beta of 1.13. Beachbody has a 1 year low of $5.14 and a 1 year high of $10.80. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 0.64.

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

Institutional Inflows and Outflows

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

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.