Brokerages Set The Beachbody Company, Inc. (NASDAQ:BODI) Price Target at $11.33

Shares of The Beachbody Company, Inc. (NASDAQ:BODI) have been given an average rating of “Hold” by the six research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $11.3333.

BODI has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Beachbody from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 14th. Zacks Research cut Beachbody from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Craig Hallum started coverage on Beachbody in a research note on Monday, March 2nd. They set a “buy” rating and a $15.00 price target on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Beachbody in a report on Monday, December 29th. Finally, Canaccord Genuity Group lifted their price objective on Beachbody from $9.00 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, March 10th.

Institutional Investors Weigh In On Beachbody

Several institutional investors have recently modified their holdings of BODI. Bard Associates Inc. bought a new stake in shares of Beachbody during the fourth quarter worth approximately $32,000. Cruiser Capital Advisors LLC bought a new position in Beachbody in the third quarter valued at approximately $117,000. Jane Street Group LLC acquired a new stake in Beachbody during the 4th quarter worth $140,000. State Street Corp acquired a new stake in Beachbody during the 4th quarter worth $166,000. Finally, Geode Capital Management LLC raised its position in shares of Beachbody by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 32,503 shares of the company’s stock valued at $337,000 after acquiring an additional 1,125 shares during the last quarter. Institutional investors and hedge funds own 74.48% of the company’s stock.

Beachbody Price Performance

Shares of BODI stock opened at $11.70 on Thursday. Beachbody has a 1 year low of $3.38 and a 1 year high of $12.66. The company has a current ratio of 0.74, a quick ratio of 0.63 and a debt-to-equity ratio of 0.72. The firm’s 50 day moving average is $9.71 and its 200-day moving average is $8.26. The firm has a market capitalization of $82.95 million, a price-to-earnings ratio of -24.89 and a beta of 1.15.

About Beachbody

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.