The Beachbody Company, Inc. (NYSE:BODI) Receives $12.40 Average Target Price from Brokerages

Shares of The Beachbody Company, Inc. (NYSE:BODI) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $12.40.

Separately, ThinkEquity assumed coverage on shares of Beachbody in a research report on Monday, July 15th. They issued a “buy” rating and a $12.00 price target for the company.

Beachbody Trading Down 0.5 %

Shares of NYSE BODI opened at $5.72 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.71 and a debt-to-equity ratio of 0.29. Beachbody has a 12 month low of $5.45 and a 12 month high of $20.00. The company has a market cap of $39.31 million, a price-to-earnings ratio of -0.26 and a beta of 1.17. The business has a fifty day simple moving average of $6.69 and a 200-day simple moving average of $8.15.

Beachbody (NYSE:BODI) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($1.59) EPS for the quarter, beating analysts’ consensus estimates of ($2.30) by $0.71. Beachbody had a negative net margin of 25.72% and a negative return on equity of 92.82%. The company had revenue of $110.18 million during the quarter, compared to analyst estimates of $110.70 million. Sell-side analysts predict that Beachbody will post -6.84 EPS for the current year.

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.