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

Shares of The Beachbody Company, Inc. (NYSE:BODI) have been given a consensus rating of “Moderate Buy” by the six analysts that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered 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

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

Beachbody Price Performance

BODI stock opened at $6.58 on Friday. The stock has a market cap of $45.53 million, a price-to-earnings ratio of -0.42 and a beta of 1.16. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.64 and a quick ratio of 0.52. The company has a 50 day simple moving average of $6.33 and a 200 day simple moving average of $6.84. Beachbody has a 1 year low of $5.14 and a 1 year high of $13.45.

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.