The Beachbody Company, Inc. (NYSE:BODY – Get Free Report) shares were down 2% during mid-day trading on Tuesday . The stock traded as low as $8.04 and last traded at $8.14. Approximately 18,000 shares were traded during trading, a decline of 36% from the average daily volume of 27,964 shares. The stock had previously closed at $8.31.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the stock. Roth Mkm began coverage on shares of Beachbody in a research note on Friday, January 5th. They issued a “buy” rating on the stock. Roth Capital restated a “buy” rating on shares of Beachbody in a report on Friday, January 5th.
Beachbody Trading Down 2.0 %
Institutional Investors Weigh In On Beachbody
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BODY. Perritt Capital Management Inc. acquired a new position in Beachbody during the 4th quarter worth $33,000. Barclays PLC grew its holdings in Beachbody by 90.6% during the 1st quarter. Barclays PLC now owns 53,571 shares of the company’s stock worth $26,000 after acquiring an additional 25,468 shares in the last quarter. Bank of America Corp DE grew its holdings in Beachbody by 192.5% during the 4th quarter. Bank of America Corp DE now owns 67,007 shares of the company’s stock worth $35,000 after acquiring an additional 44,101 shares in the last quarter. Virtu Financial LLC grew its holdings in Beachbody by 120.4% during the 4th quarter. Virtu Financial LLC now owns 74,130 shares of the company’s stock worth $39,000 after acquiring an additional 40,491 shares in the last quarter. Finally, Ergoteles LLC grew its holdings in Beachbody by 68.0% during the 2nd quarter. Ergoteles LLC now owns 82,900 shares of the company’s stock worth $35,000 after acquiring an additional 33,564 shares in the last quarter. Hedge funds and other institutional investors own 59.56% of the company’s stock.
About Beachbody
The Beachbody Company, Inc operates as a health and wellness platform that provides fitness, nutrition, and stress-reducing programs in the United States and internationally. The company operates Beachbody on Demand, a digital subscription platform that provides access to a library of live and on-demand fitness and nutrition content; and Beachbody on Demand Interactive (BODi) for live fitness and nutrition programs.
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