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

The Beachbody Company, Inc. (NASDAQ:BODI) has been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $14.33.

BODI has been the subject of several analyst reports. 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. Wall Street Zen cut Beachbody from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings upgraded Beachbody from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, September 22nd.

Beachbody Stock Performance

Shares of BODI stock opened at $4.71 on Monday. Beachbody has a one year low of $4.05 and a one year high of $16.87. The company’s 50-day moving average is $6.87 and its 200 day moving average is $9.69. The company has a market capitalization of $34.29 million, a price-to-earnings ratio of 2.89 and a beta of 0.99. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.61 and a current ratio of 0.79.

Beachbody (NASDAQ:BODI) last released its quarterly earnings data on Monday, August 10th. The company reported $0.11 earnings per share 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%. Sell-side analysts expect that Beachbody will post 0.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BODI. NewEdge Advisors LLC purchased a new stake in shares of Beachbody during the second quarter valued at $145,000. Citadel Advisors LLC raised its position in Beachbody by 104.6% in the 2nd quarter. Citadel Advisors LLC now owns 37,531 shares of the company’s stock worth $384,000 after buying an additional 19,189 shares during the last quarter. Renaissance Technologies LLC raised its position in Beachbody by 94.9% in the 1st quarter. Renaissance Technologies LLC now owns 102,864 shares of the company’s stock worth $1,117,000 after buying an additional 50,095 shares during the last quarter. Dimensional Fund Advisors LP bought a new position in Beachbody during the 1st quarter valued at about $111,000. Finally, Evernest Financial Advisors LLC bought a new position in Beachbody during the 1st quarter valued at about $316,000. 74.48% of the stock is owned by institutional investors.

About Beachbody

Beachbody, Inc, formerly known as The Beachbody Company, is a digital fitness and wellness company that provides workout programs, nutrition products and related support services. The company operates through a subscription-based platform offering on-demand and live-streamed exercise content, including strength training, cardio, yoga and other fitness programs designed for home use.

Its product portfolio has included the Beachbody On Demand platform, the BODi fitness and nutrition service, and nutritional brands such as Shakeology and Beachbody Performance.