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

The Beachbody Company, Inc. (NYSE:BODIGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $12.00.

Separately, Roth Mkm reiterated a “buy” rating and issued a $12.00 price target on shares of Beachbody in a research report on Thursday, November 14th.

Read Our Latest Stock Analysis on BODI

Institutional Investors Weigh In On Beachbody

Institutional investors have recently bought and sold shares of the business. Raine Capital LLC acquired a new stake in shares of Beachbody during the 3rd quarter valued at $4,287,000. Raine Group LLC purchased a new stake in shares of Beachbody during the third quarter worth $25,000. Rockefeller Capital Management L.P. acquired a new stake in Beachbody during the third quarter valued at $625,000. Whetstone Capital Advisors LLC purchased a new position in Beachbody in the third quarter valued at about $1,071,000. Finally, MSA Advisors LLC acquired a new position in Beachbody in the 3rd quarter worth about $668,000. 74.48% of the stock is currently owned by institutional investors and hedge funds.

Beachbody Stock Performance

BODI opened at $7.30 on Tuesday. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 0.17. The firm has a market cap of $50.55 million, a PE ratio of -0.46 and a beta of 1.13. The business has a fifty day simple moving average of $6.45 and a 200-day simple moving average of $6.62. Beachbody has a fifty-two week low of $5.14 and a fifty-two week high of $12.13.

Beachbody Company Profile

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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.

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Analyst Recommendations for Beachbody (NYSE:BODI)

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