The Beachbody Company, Inc. (BODI) – What Are Brokerages Thinking About This Stock?

The Beachbody Company, Inc. (NASDAQ:BODI) has been given a consensus recommendation of “Hold” by the six brokerages that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $14.33.

BODI has been the topic of a number of recent research reports. Weiss Ratings lowered Beachbody from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, October 6th. Wall Street Zen cut Beachbody from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Roth Capital reaffirmed a “neutral” rating and issued a $9.00 target price on shares of Beachbody in a research note on Tuesday, August 11th.

Beachbody Price Performance

BODI opened at $4.01 on Friday. The company’s 50 day simple moving average is $5.12 and its two-hundred day simple moving average is $9.18. Beachbody has a 1-year low of $4.01 and a 1-year high of $16.87.

Beachbody (NASDAQ:BODI) last issued its earnings results on Monday, August 10th. The company reported $0.11 earnings per share for the quarter. The company had revenue of $49.61 million for the quarter. Equities research analysts anticipate that Beachbody will post 0.22 EPS for the current year.

Institutional Investors Weigh In On Beachbody

Hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC raised its stake in Beachbody by 94.9% during the first quarter. Renaissance Technologies LLC now owns 102,864 shares of the company’s stock worth $1,117,000 after purchasing an additional 50,095 shares during the period. Citadel Advisors LLC grew its stake in shares of Beachbody by 104.6% in the 2nd quarter. Citadel Advisors LLC now owns 37,531 shares of the company’s stock valued at $384,000 after buying an additional 19,189 shares during the period. Evernest Financial Advisors LLC purchased a new stake in shares of Beachbody in the 1st quarter valued at approximately $316,000. North Star Investment Management Corp. purchased a new stake in shares of Beachbody in the 1st quarter valued at approximately $163,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of Beachbody during the 2nd quarter worth approximately $145,000. Hedge funds and other institutional investors own 74.48% of the company’s stock.

About Beachbody

Beachbody, operating under the BODi brand, is a digital fitness and wellness company that provides at-home workout programs, nutrition guidance and related products through online and mobile platforms. Its offerings are designed to support exercise, weight management and broader healthy-lifestyle goals.

The company’s portfolio has included on-demand workout content led by professional trainers, personalized fitness and nutrition programs, meal-planning resources, supplements and other wellness products.