The Beachbody Company, Inc. (NASDAQ:BODI) Given Average Rating of “Moderate Buy” by Analysts

The Beachbody Company, Inc. (NASDAQ:BODI – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $14.3333.

Several equities research analysts have issued reports on the stock. Weiss Ratings downgraded shares of Beachbody from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday. Noble Financial restated an “outperform” rating on shares of Beachbody in a research note on Wednesday, May 13th. Roth Capital reiterated a “neutral” rating and set a $9.00 price objective on shares of Beachbody in a research report on Tuesday, August 11th. Finally, Wall Street Zen downgraded Beachbody from a “buy” rating to a “hold” rating in a report on Saturday, August 8th.

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Beachbody Trading Down 2.3%

NASDAQ BODI opened at $5.57 on Thursday. Beachbody has a 52 week low of $4.05 and a 52 week high of $16.87. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.61 and a current ratio of 0.79. The stock’s 50 day moving average price is $8.62 and its two-hundred day moving average price is $10.05. The stock has a market capitalization of $40.55 million, a price-to-earnings ratio of 3.42 and a beta of 0.99.

Beachbody (NASDAQ:BODI – Get Free Report) last released its earnings results on Monday, August 10th. The company reported $0.11 earnings per share (EPS) for the quarter. Beachbody had a return on equity of 44.34% and a net margin of 5.68%.The business had revenue of $49.61 million for the quarter. As a group, analysts anticipate that Beachbody will post 0.22 earnings per share for the current fiscal year.

Institutional Trading of Beachbody

Several large investors have recently made changes to their positions in the company. Bard Associates Inc. bought a new stake in Beachbody during the fourth quarter worth $32,000. Dimensional Fund Advisors LP acquired a new position in shares of Beachbody during the 1st quarter worth $111,000. Cruiser Capital Advisors LLC bought a new stake in shares of Beachbody during the 3rd quarter worth $117,000. Jane Street Group LLC acquired a new stake in Beachbody in the fourth quarter valued at about $140,000. Finally, NewEdge Advisors LLC acquired a new stake in Beachbody in the second quarter valued at about $145,000. Institutional investors and hedge funds own 74.48% of the company’s stock.

About Beachbody

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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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