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

Shares of The Beachbody Company, Inc. (NYSE:BODI) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $12.00.

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

Institutional Investors Weigh In On Beachbody

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

Beachbody Stock Performance

Shares of BODI stock opened at $6.53 on Monday. The company has a market capitalization of $45.21 million, a price-to-earnings ratio of -0.41 and a beta of 1.16. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 0.64. Beachbody has a one year low of $5.14 and a one year high of $13.45. The company’s 50-day moving average is $6.46 and its 200 day moving average is $7.13.

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.