The Beachbody Company, Inc. (NASDAQ:BODI) Receives $15.67 Consensus Price Target from Brokerages

The Beachbody Company, Inc. (NASDAQ:BODI) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $14.3333.

A number of research firms have weighed in on BODI. Noble Financial reiterated an “outperform” rating on shares of Beachbody in a report on Wednesday, May 13th. Canaccord Genuity Group raised their target price on Beachbody from $15.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Zacks Research lowered Beachbody from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Weiss Ratings raised Beachbody from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. Finally, Wall Street Zen cut Beachbody from a “buy” rating to a “hold” rating in a research note on Saturday.

Institutional Trading of Beachbody

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bard Associates Inc. bought a new position in shares of Beachbody in the 4th quarter worth about $32,000. Dimensional Fund Advisors LP purchased a new position in Beachbody during the 1st quarter valued at about $111,000. Jane Street Group LLC bought a new stake in Beachbody during the fourth quarter worth about $140,000. North Star Investment Management Corp. bought a new stake in Beachbody during the first quarter worth about $163,000. Finally, State Street Corp purchased a new stake in Beachbody in the fourth quarter worth about $166,000. 74.48% of the stock is owned by hedge funds and other institutional investors.

Beachbody Trading Down 38.5%

Shares of BODI opened at $6.29 on Friday. The firm’s 50-day moving average price is $10.11 and its 200-day moving average price is $10.67. The firm has a market capitalization of $45.54 million, a price-to-earnings ratio of 3.86 and a beta of 1.02. The company has a current ratio of 0.76, a quick ratio of 0.64 and a debt-to-equity ratio of 0.64. Beachbody has a 1-year low of $4.05 and a 1-year high of $16.87.

Beachbody (NASDAQ:BODI) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.40. The company had revenue of $54.28 million for the quarter, compared to analysts’ expectations of $51.77 million. Beachbody had a net margin of 5.68% and a return on equity of 46.94%. Sell-side analysts anticipate that Beachbody will post 0.37 EPS for the current 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.