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

The Beachbody Company, Inc. (NASDAQ:BODI) has been assigned an average recommendation of “Hold” from the five analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $8.00.

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

Institutional Trading of Beachbody

Several institutional investors and hedge funds have recently bought and sold shares of BODI. Geode Capital Management LLC grew its holdings in Beachbody by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 32,503 shares of the company’s stock worth $337,000 after purchasing an additional 1,125 shares during the period. Jane Street Group LLC acquired a new stake in shares of Beachbody in the 4th quarter valued at about $140,000. State Street Corp acquired a new stake in shares of Beachbody in the 4th quarter valued at about $166,000. Renaissance Technologies LLC increased its position in Beachbody by 54.0% in the 4th quarter. Renaissance Technologies LLC now owns 52,769 shares of the company’s stock valued at $547,000 after buying an additional 18,505 shares in the last quarter. Finally, Cruiser Capital Advisors LLC acquired a new position in Beachbody during the 3rd quarter worth approximately $117,000. Institutional investors own 74.48% of the company’s stock.

Beachbody Stock Down 3.6%

Shares of BODI opened at $8.86 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.53 and a current ratio of 0.65. The company has a 50-day simple moving average of $10.58 and a 200-day simple moving average of $7.62. Beachbody has a 52 week low of $3.38 and a 52 week high of $12.66. The firm has a market capitalization of $62.80 million, a P/E ratio of -1.42 and a beta of 1.12.

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.