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

Shares of The Beachbody Company, Inc. (NASDAQ:BODI) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $15.6667.

Several research firms have recently issued reports on BODI. Craig Hallum began coverage on Beachbody in a research report on Monday, March 2nd. They issued a “buy” rating and a $15.00 price target on the stock. Wall Street Zen lowered Beachbody from a “buy” rating to a “hold” rating in a research report on Saturday. Noble Financial restated an “outperform” rating on shares of Beachbody in a research report on Wednesday, May 13th. Weiss Ratings upgraded Beachbody from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. Finally, Zacks Research lowered Beachbody from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th.

Beachbody Stock Performance

Shares of NASDAQ BODI opened at $8.76 on Friday. The company’s 50 day simple moving average is $11.59 and its 200 day simple moving average is $10.71. Beachbody has a fifty-two week low of $3.51 and a fifty-two week high of $16.87. The firm has a market capitalization of $63.42 million, a P/E ratio of 13.07 and a beta of 1.01. 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 (NASDAQ:BODI) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.40. Beachbody had a net margin of 2.21% and a return on equity of 33.74%. The business had revenue of $54.28 million for the quarter, compared to analyst estimates of $51.77 million. On average, analysts predict that Beachbody will post 0.37 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BODI. Bard Associates Inc. bought a new position in shares of Beachbody in the 4th quarter worth $32,000. Dimensional Fund Advisors LP bought a new position in shares of Beachbody in the 1st quarter worth $111,000. Cruiser Capital Advisors LLC bought a new position in shares of Beachbody in the 3rd quarter worth $117,000. Jane Street Group LLC bought a new position in shares of Beachbody in the 4th quarter worth $140,000. Finally, North Star Investment Management Corp. bought a new position in shares of Beachbody in the 1st quarter worth $163,000. 74.48% of the stock is currently owned by institutional investors.

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.