Beachbody’s (BODI) “Buy” Rating Reiterated at Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of Beachbody (NYSE:BODI) in a research report sent to investors on Thursday,Benzinga reports. Roth Mkm currently has a $12.00 target price on the stock.

Beachbody Trading Down 2.9 %

Shares of BODI opened at $6.61 on Thursday. Beachbody has a fifty-two week low of $5.14 and a fifty-two week high of $13.45. The company has a market capitalization of $45.74 million, a PE ratio of -0.42 and a beta of 1.12. The stock has a fifty day moving average of $6.38 and a two-hundred day moving average of $7.49. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.54 and a current ratio of 0.64.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BODI. Raine Group LLC purchased a new stake in Beachbody in the third quarter valued at approximately $25,000. Mill Creek Capital Advisors LLC acquired a new position in shares of Beachbody in the 3rd quarter valued at $186,000. Rockefeller Capital Management L.P. purchased a new stake in shares of Beachbody during the 3rd quarter valued at $625,000. MSA Advisors LLC acquired a new stake in shares of Beachbody during the 3rd quarter worth $668,000. Finally, Whetstone Capital Advisors LLC purchased a new position in shares of Beachbody in the 3rd quarter worth $1,071,000. Institutional investors and hedge funds own 74.48% of the company’s stock.

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.