The Beachbody Company, Inc. (NASDAQ:BODI) Stock Has Consensus Target Price of $14.33

Shares of The Beachbody Company, Inc. (NASDAQ:BODI) have been assigned an average recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $14.33.

A number of equities research analysts recently commented on BODI shares. Weiss Ratings lowered Beachbody from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, October 6th. Roth Capital reissued a “neutral” rating and set a $9.00 price target on shares of Beachbody in a research report on Tuesday, August 11th. Finally, Wall Street Zen lowered shares of Beachbody from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th.

Beachbody Stock Performance

NASDAQ BODI opened at $4.25 on Friday. The company has a fifty day simple moving average of $5.20 and a two-hundred day simple moving average of $8.88. The stock has a market cap of $30.94 million, a P/E ratio of 2.61 and a beta of 0.92. Beachbody has a 12-month low of $4.05 and a 12-month high of $16.87. The company has a current ratio of 0.79, a quick ratio of 0.61 and a debt-to-equity ratio of 0.58.

Beachbody (NASDAQ:BODI) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.11 EPS for the quarter. The business had revenue of $49.61 million during the quarter. Beachbody had a net margin of 5.68% and a return on equity of 44.34%. On average, analysts forecast that Beachbody will post 0.22 earnings per share for the current year.

Institutional Trading of Beachbody

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its holdings in Beachbody by 94.9% in the first 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. Evernest Financial Advisors LLC acquired a new stake in Beachbody during the 1st quarter worth about $316,000. Citadel Advisors LLC grew its position in Beachbody by 104.6% during the 2nd quarter. Citadel Advisors LLC now owns 37,531 shares of the company’s stock worth $384,000 after purchasing an additional 19,189 shares during the period. North Star Investment Management Corp. purchased a new position in shares of Beachbody during the 1st quarter valued at about $163,000. Finally, NewEdge Advisors LLC purchased a new position in shares of Beachbody during the 2nd quarter valued at about $145,000. Institutional investors and hedge funds own 74.48% of the company’s stock.

About Beachbody

Beachbody, operating under the BODi brand, is a digital fitness and wellness company that provides at-home workout programs, nutrition guidance and related products through online and mobile platforms. Its offerings are designed to support exercise, weight management and broader healthy-lifestyle goals.

The company’s portfolio has included on-demand workout content led by professional trainers, personalized fitness and nutrition programs, meal-planning resources, supplements and other wellness products.