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

The Beachbody Company, Inc. (NASDAQ:BODI) has earned a consensus rating of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $8.00.

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

Hedge Funds Weigh In On Beachbody

An institutional investor recently bought a new position in Beachbody stock. Cruiser Capital Advisors LLC bought a new position in The Beachbody Company, Inc. (NASDAQ:BODI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 19,830 shares of the company’s stock, valued at approximately $117,000. Cruiser Capital Advisors LLC owned approximately 0.28% of Beachbody at the end of the most recent quarter. 74.48% of the stock is owned by institutional investors.

Beachbody Price Performance

Shares of NASDAQ BODI opened at $9.48 on Wednesday. The stock has a fifty day moving average of $9.83 and a 200-day moving average of $6.84. 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 stock has a market cap of $67.21 million, a PE ratio of -1.52 and a beta of 1.12.

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