Brokerages Set The Beachbody Company, Inc. (NYSE:BODI) PT at $12.40

Shares of The Beachbody Company, Inc. (NYSE:BODI) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $12.40.

BODI has been the subject of a number of recent research reports. Canaccord Genuity Group initiated coverage on Beachbody in a research note on Friday, May 17th. They issued a “buy” rating and a $13.00 target price for the company. Canaccord Genuity Group initiated coverage on Beachbody in a research note on Friday, May 17th. They issued a “buy” rating and a $13.00 target price for the company. Finally, ThinkEquity initiated coverage on Beachbody in a research note on Monday, July 15th. They issued a “buy” rating and a $12.00 target price for the company.

Beachbody Stock Up 5.8 %

Shares of BODI stock opened at $6.18 on Tuesday. Beachbody has a 12 month low of $5.71 and a 12 month high of $20.00. The firm has a market capitalization of $42.47 million, a price-to-earnings ratio of -0.28 and a beta of 1.17. The stock’s 50 day simple moving average is $7.37. The company has a current ratio of 0.71, a quick ratio of 0.54 and a debt-to-equity ratio of 0.29.

Beachbody (NYSE:BODI) last issued its earnings results on Tuesday, August 6th. The company reported ($1.59) EPS for the quarter, beating analysts’ consensus estimates of ($2.30) by $0.71. The business had revenue of $110.18 million during the quarter, compared to analyst estimates of $110.70 million. Beachbody had a negative return on equity of 92.82% and a negative net margin of 25.72%. As a group, equities analysts predict that Beachbody will post -6.84 EPS for the current fiscal year.

About Beachbody

The Beachbody Company, Inc operates as a subscription health and wellness company 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.