Beachbody (NASDAQ:BODI) Upgraded to Buy at Wall Street Zen

Beachbody (NASDAQ:BODI) was upgraded by investment analysts at Wall Street Zen to a “buy” rating in a report released on Saturday.

Several other analysts also recently weighed in on the company. Noble Financial assumed coverage on Beachbody in a research report on Tuesday, October 28th. They issued an “outperform” rating for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Beachbody in a research note on Monday. Finally, Canaccord Genuity Group raised their target price on Beachbody from $7.00 to $9.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Beachbody currently has a consensus rating of “Hold” and a consensus target price of $8.00.

Beachbody Trading Down 7.0%

Shares of BODI stock opened at $10.05 on Friday. The business has a 50-day moving average price of $8.14 and a two-hundred day moving average price of $6.08. Beachbody has a 12-month low of $3.38 and a 12-month high of $12.33. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 0.93. The firm has a market cap of $71.25 million, a P/E ratio of -1.62 and a beta of 1.15.

Beachbody (NASDAQ:BODI) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.54) by $1.05. The company had revenue of $59.89 million during 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%. Equities analysts anticipate that Beachbody will post -8.16 EPS for the current fiscal year.

Institutional Trading of Beachbody

An institutional investor recently bought a new position in Beachbody stock. Cruiser Capital Advisors LLC acquired a new stake in shares of The Beachbody Company, Inc. (NASDAQ:BODI) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 19,830 shares of the company’s stock, valued at approximately $117,000. Cruiser Capital Advisors LLC owned approximately 0.28% of Beachbody as of its most recent SEC filing. Institutional investors own 74.48% of the company’s stock.

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.