The Beachbody Company, Inc. (NASDAQ:BODI) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of The Beachbody Company, Inc. (NASDAQ:BODI) have received an average rating of “Moderate Buy” from the five research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $8.00.

Several equities analysts have recently issued reports on BODI shares. Wall Street Zen upgraded Beachbody to a “buy” rating in a research report on Saturday, December 27th. Zacks Research raised Beachbody from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. Canaccord Genuity Group lifted their price objective on shares of Beachbody from $7.00 to $9.00 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Beachbody in a report on Monday, December 29th. Finally, Noble Financial assumed coverage on shares of Beachbody in a research note on Tuesday, October 28th. They set an “outperform” rating on the stock.

Institutional Investors Weigh In On Beachbody

A hedge fund recently bought a new stake in Beachbody stock. Cruiser Capital Advisors LLC purchased a new stake in The Beachbody Company, Inc. (NASDAQ:BODI) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 19,830 shares of the company’s stock, valued at approximately $117,000. Cruiser Capital Advisors LLC owned about 0.28% of Beachbody at the end of the most recent quarter. Institutional investors and hedge funds own 74.48% of the company’s stock.

Beachbody Stock Performance

Shares of BODI opened at $10.75 on Wednesday. The firm has a fifty day moving average of $10.08 and a 200-day moving average of $6.97. The company has a market cap of $76.22 million, a price-to-earnings ratio of -1.73 and a beta of 1.12. 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 1 year low of $3.38 and a 1 year high of $12.33.

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