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

The Beachbody Company, Inc. (NASDAQ:BODI) has been given a consensus recommendation of “Hold” by the six research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $15.6667.

BODI has been the topic of several recent analyst reports. Zacks Research cut Beachbody from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Noble Financial reaffirmed an “outperform” rating on shares of Beachbody in a research report on Wednesday, May 13th. Canaccord Genuity Group increased their price objective on Beachbody from $15.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Wall Street Zen downgraded Beachbody from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Craig Hallum began coverage on Beachbody in a research report on Monday, March 2nd. They issued a “buy” rating and a $15.00 target price on the stock.

Institutional Investors Weigh In On Beachbody

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC increased its position in shares of Beachbody by 94.9% during the 1st quarter. Renaissance Technologies LLC now owns 102,864 shares of the company’s stock valued at $1,117,000 after purchasing an additional 50,095 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Beachbody by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 32,503 shares of the company’s stock valued at $337,000 after purchasing an additional 1,125 shares during the last quarter. Evernest Financial Advisors LLC purchased a new stake in shares of Beachbody during the 1st quarter valued at about $316,000. Cruiser Capital Advisors LLC purchased a new stake in shares of Beachbody during the 3rd quarter valued at about $117,000. Finally, State Street Corp purchased a new stake in shares of Beachbody during the 4th quarter valued at about $166,000. Hedge funds and other institutional investors own 74.48% of the company’s stock.

Beachbody Stock Performance

Beachbody stock opened at $10.69 on Tuesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.64. Beachbody has a one year low of $3.38 and a one year high of $16.87. The stock has a market capitalization of $76.75 million, a PE ratio of 15.96 and a beta of 1.11. The business’s fifty day moving average is $12.09 and its 200 day moving average is $10.36.

Beachbody (NASDAQ:BODI) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.40. Beachbody had a return on equity of 33.74% and a net margin of 2.21%.The company had revenue of $54.28 million for the quarter, compared to analysts’ expectations of $51.77 million. On average, sell-side analysts predict that Beachbody will post 0.37 EPS 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.