Analysts Set The Beachbody Company, Inc. (NASDAQ:BODI) Target Price at $8.00

Shares of The Beachbody Company, Inc. (NASDAQ:BODI) have earned an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $8.00.

Several brokerages have recently weighed in on BODI. Noble Financial initiated coverage on Beachbody in a report on Tuesday, October 28th. They issued an “outperform” rating on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Beachbody in a research report on Monday, December 29th. Canaccord Genuity Group raised their price target 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. Zacks Research upgraded Beachbody from a “hold” rating to a “strong-buy” rating in a report on Friday, January 9th. Finally, Wall Street Zen upgraded Beachbody to a “buy” rating in a report on Saturday, December 27th.

Beachbody Stock Up 7.9%

Shares of BODI opened at $11.11 on Wednesday. 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 business has a fifty day moving average of $10.20 and a 200 day moving average of $7.06. The company has a market cap of $78.75 million, a PE ratio of -1.79 and a beta of 1.12. Beachbody has a 52-week low of $3.38 and a 52-week high of $12.33.

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

Institutional Trading of Beachbody

A hedge fund recently bought a new stake in Beachbody stock. Cruiser Capital Advisors LLC bought a new stake in The Beachbody Company, Inc. (NASDAQ:BODI) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 19,830 shares of the company’s stock, valued at approximately $117,000. Cruiser Capital Advisors LLC owned about 0.28% of Beachbody at the end of the most recent reporting period. Hedge funds and other institutional investors own 74.48% of the company’s stock.

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.