Beachbody (NASDAQ:BODI) Stock Rating Upgraded by Wall Street Zen

Beachbody (NASDAQ:BODI) was upgraded by equities research analysts at Wall Street Zen to a “buy” rating in a research note issued on Saturday.

BODI has been the subject of several other research reports. Noble Financial began coverage on Beachbody in a research note on Tuesday, October 28th. They set an “outperform” rating for the company. Canaccord Genuity Group upped their price objective on shares of Beachbody from $7.00 to $9.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Beachbody in a research note on Monday, December 22nd. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Beachbody has an average rating of “Hold” and a consensus target price of $8.00.

Beachbody Trading Down 7.0%

Shares of BODI stock opened at $10.05 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 0.93. The firm has a market cap of $71.25 million, a P/E ratio of -1.62 and a beta of 1.14. The company has a 50 day moving average of $8.14 and a 200-day moving average of $6.10. Beachbody has a 12-month low of $3.38 and a 12-month high of $12.33.

Beachbody (NASDAQ:BODI) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of ($0.54) by $1.05. Beachbody had a negative return on equity of 78.72% and a negative net margin of 15.09%.The business had revenue of $59.89 million for the quarter, compared to the consensus estimate of $55.15 million. Sell-side analysts anticipate that Beachbody will post -8.16 earnings per share for the current year.

Institutional Trading of Beachbody

An institutional investor recently bought a new position in Beachbody stock. Cruiser Capital Advisors LLC purchased a new stake in The Beachbody Company, Inc. (NASDAQ:BODI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 19,830 shares of the company’s stock, valued at approximately $117,000. Cruiser Capital Advisors LLC owned 0.28% of Beachbody at the end of the most recent reporting period. Institutional investors own 74.48% of the company’s stock.

Beachbody Company Profile

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.