The Beachbody Company, Inc. (NASDAQ:BODI) Given Consensus Rating of “Hold” by Analysts

Shares of The Beachbody Company, Inc. (NASDAQ:BODI) have been assigned a consensus rating of “Hold” from the five research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $8.00.

A number of research analysts have recently issued reports on BODI shares. Noble Financial initiated coverage on shares of Beachbody in a research report on Tuesday, October 28th. They issued an “outperform” rating on the stock. Wall Street Zen raised Beachbody to a “buy” rating in a report on Saturday, December 27th. Weiss Ratings restated a “sell (d-)” rating on shares of Beachbody in a report on Monday. Finally, Canaccord Genuity Group lifted their target price on shares of Beachbody from $7.00 to $9.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th.

Institutional Investors Weigh In On Beachbody

An institutional investor recently bought a new position in Beachbody stock. Cruiser Capital Advisors LLC acquired a new stake in shares of The Beachbody Company, Inc. (NASDAQ:BODI) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 19,830 shares of the company’s stock, valued at approximately $117,000. Cruiser Capital Advisors LLC owned about 0.28% of Beachbody as of its most recent filing with the SEC. Institutional investors and hedge funds own 74.48% of the company’s stock.

Beachbody Trading Down 9.1%

Shares of NASDAQ:BODI opened at $9.42 on Friday. The company has a market capitalization of $66.77 million, a PE ratio of -1.51 and a beta of 1.15. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 0.93. Beachbody has a 12-month low of $3.38 and a 12-month high of $12.33. The business’s fifty day simple moving average is $8.59 and its 200-day simple moving average is $6.29.

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

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.