Whetstone Capital Advisors LLC decreased its position in shares of The Beachbody Company, Inc. (NASDAQ:BODI – Free Report) by 25.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 297,627 shares of the company’s stock after selling 101,940 shares during the period. Beachbody makes up approximately 1.0% of Whetstone Capital Advisors LLC’s investment portfolio, making the stock its 21st biggest position. Whetstone Capital Advisors LLC’s holdings in Beachbody were worth $3,083,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of BODI. Cruiser Capital Advisors LLC purchased a new position in shares of Beachbody during the 3rd quarter valued at $117,000. Geode Capital Management LLC lifted its stake in shares of Beachbody by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 32,503 shares of the company’s stock valued at $337,000 after buying an additional 1,125 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Beachbody by 54.0% during the 4th quarter. Renaissance Technologies LLC now owns 52,769 shares of the company’s stock valued at $547,000 after buying an additional 18,505 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Beachbody during the 4th quarter valued at $140,000. Finally, State Street Corp purchased a new position in shares of Beachbody during the 4th quarter valued at $166,000. Hedge funds and other institutional investors own 74.48% of the company’s stock.
Beachbody Price Performance
Shares of BODI stock opened at $9.44 on Monday. The stock has a market cap of $68.35 million, a P/E ratio of 14.09 and a beta of 1.02. The Beachbody Company, Inc. has a 52 week low of $3.51 and a 52 week high of $16.87. The company has a quick ratio of 0.64, a current ratio of 0.76 and a debt-to-equity ratio of 0.64. The company’s fifty day simple moving average is $11.82 and its two-hundred day simple moving average is $10.72.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on BODI shares. Weiss Ratings upgraded shares of Beachbody from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Thursday. Craig Hallum started coverage on shares of Beachbody in a research note on Monday, March 2nd. They set a “buy” rating and a $15.00 target price on the stock. Zacks Research cut shares of Beachbody from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Wall Street Zen cut shares of Beachbody from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Roth Mkm reiterated a “neutral” rating and issued a $13.00 price target on shares of Beachbody in a research note on Wednesday, May 13th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Beachbody has a consensus rating of “Moderate Buy” and an average target price of $15.67.
Read Our Latest Stock Analysis on Beachbody
Beachbody 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.
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