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

The Beachbody Company, Inc. (NASDAQ:BODI) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $14.3333.

BODI has been the topic of several research reports. Zacks Research lowered shares of 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 Tuesday, August 25th. Roth Capital reiterated a “neutral” rating and set a $9.00 target price on shares of Beachbody in a report on Tuesday, August 11th. Wall Street Zen downgraded Beachbody from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Noble Financial reissued an “outperform” rating on shares of Beachbody in a report on Wednesday, May 13th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BODI. Bard Associates Inc. purchased a new position in Beachbody in the 4th quarter valued at about $32,000. Renaissance Technologies LLC grew its holdings in shares of Beachbody by 94.9% during the first quarter. Renaissance Technologies LLC now owns 102,864 shares of the company’s stock worth $1,117,000 after buying an additional 50,095 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of Beachbody during the first quarter worth about $111,000. Cruiser Capital Advisors LLC acquired a new position in shares of Beachbody in the third quarter valued at approximately $117,000. Finally, Jane Street Group LLC acquired a new position in shares of Beachbody in the fourth quarter valued at approximately $140,000. Institutional investors and hedge funds own 74.48% of the company’s stock.

Beachbody Stock Performance

NASDAQ BODI opened at $5.74 on Thursday. The business has a 50 day moving average price of $8.81 and a 200 day moving average price of $10.09. The company has a market capitalization of $41.79 million, a P/E ratio of 3.52 and a beta of 0.99. Beachbody has a 1-year low of $4.05 and a 1-year high of $16.87. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.79 and a quick ratio of 0.61.

Beachbody (NASDAQ:BODI) last posted its earnings results on Monday, August 10th. The company reported $0.11 earnings per share for the quarter. The company had revenue of $49.61 million for the quarter. Beachbody had a return on equity of 44.34% and a net margin of 5.68%. Sell-side analysts expect that Beachbody will post 0.22 EPS for the current fiscal year.

Beachbody Company Profile

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.