Analysts Set The Beachbody Company, Inc. (NYSE:BODI) Target Price at $12.00

Shares of The Beachbody Company, Inc. (NYSE:BODI) have received a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $12.00.

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

Beachbody Stock Performance

Shares of BODI opened at $6.26 on Thursday. The business has a 50-day simple moving average of $6.38 and a two-hundred day simple moving average of $7.46. The company has a quick ratio of 0.54, a current ratio of 0.64 and a debt-to-equity ratio of 0.17. Beachbody has a 52 week low of $5.14 and a 52 week high of $13.45. The stock has a market cap of $43.29 million, a price-to-earnings ratio of -0.40 and a beta of 1.12.

Hedge Funds Weigh In On Beachbody

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raine Group LLC purchased a new position in shares of Beachbody in the 3rd quarter worth $25,000. Mill Creek Capital Advisors LLC bought a new position in shares of Beachbody in the 3rd quarter valued at about $186,000. Rockefeller Capital Management L.P. purchased a new position in Beachbody in the third quarter worth about $625,000. MSA Advisors LLC bought a new stake in Beachbody during the third quarter worth approximately $668,000. Finally, Whetstone Capital Advisors LLC purchased a new stake in Beachbody during the third quarter valued at approximately $1,071,000. 74.48% of the stock is owned by institutional investors.

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.