Brokerages Set The Beachbody Company, Inc. (NASDAQ:BODI) Price Target at $8.00

The Beachbody Company, Inc. (NASDAQ:BODI) has earned an average recommendation of “Hold” from the five ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $8.00.

A number of research firms recently commented on BODI. Weiss Ratings reissued a “sell (d-)” rating on shares of Beachbody in a research report on Monday, December 22nd. Canaccord Genuity Group raised their price target on shares of Beachbody from $7.00 to $9.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Wall Street Zen upgraded shares of Beachbody to a “buy” rating in a report on Saturday. Finally, Noble Financial initiated coverage on shares of Beachbody in a research note on Tuesday, October 28th. They issued an “outperform” rating for the company.

Institutional Trading of Beachbody

A hedge fund recently bought a new stake in Beachbody stock. Cruiser Capital Advisors LLC acquired a new position in The Beachbody Company, Inc. (NASDAQ:BODI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 19,830 shares of the company’s stock, valued at approximately $117,000. Cruiser Capital Advisors LLC owned 0.28% of Beachbody as of its most recent filing with the Securities & Exchange Commission. 74.48% of the stock is owned by institutional investors and hedge funds.

Beachbody Price Performance

Shares of NASDAQ BODI opened at $9.94 on Friday. The stock has a market cap of $70.47 million, a price-to-earnings ratio of -1.60 and a beta of 1.14. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.53 and a current ratio of 0.65. Beachbody has a fifty-two week low of $3.38 and a fifty-two week high of $12.33. The firm’s 50-day simple moving average is $8.23 and its 200 day simple moving average is $6.14.

Beachbody (NASDAQ:BODI) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of ($0.54) by $1.05. Beachbody had a negative return on equity of 78.72% and a negative net margin of 15.09%.The firm had revenue of $59.89 million during the quarter, compared to analyst estimates of $55.15 million. As a group, research analysts anticipate that Beachbody will post -8.16 earnings per share for the current fiscal year.

About Beachbody

Beachbody is a consumer-oriented health and fitness company based in Santa Monica, California. Founded in 1998 by Carl Daikeler and Jon Congdon, the company originally gained prominence through at-home workout programs distributed on DVD. Over time, Beachbody has transitioned much of its content delivery to a subscription-based digital platform, offering on-demand streaming of exercise routines, meal plans and wellness coaching.

The company’s portfolio includes a range of branded fitness programs—such as P90X, Insanity, 21 Day Fix and Body Beast—alongside nutrition and supplement products marketed under the Beachbody Nutrition brand.