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

The Beachbody Company, Inc. (NYSE:BODI) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $12.00.

Separately, Roth Mkm restated a “buy” rating and set a $12.00 price objective on shares of Beachbody in a research note on Thursday.

Beachbody Stock Performance

Shares of BODI opened at $6.61 on Thursday. Beachbody has a one year low of $5.14 and a one year high of $13.45. The company has a 50-day simple moving average of $6.38 and a two-hundred day simple moving average of $7.50. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.64 and a quick ratio of 0.54. The firm has a market capitalization of $45.74 million, a PE ratio of -0.42 and a beta of 1.12.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raine Capital LLC purchased a new stake in shares of Beachbody during the 3rd quarter worth approximately $4,287,000. Whetstone Capital Advisors LLC purchased a new position in shares of Beachbody in the 3rd quarter worth $1,071,000. MSA Advisors LLC purchased a new stake in shares of Beachbody during the 3rd quarter valued at about $668,000. Rockefeller Capital Management L.P. purchased a new stake in Beachbody during the third quarter valued at approximately $625,000. Finally, Mill Creek Capital Advisors LLC bought a new stake in shares of Beachbody in the 3rd quarter valued at approximately $186,000. 74.48% of the stock is currently owned by institutional investors.

About Beachbody

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.