The Beachbody Company, Inc. (NASDAQ:BODI) Receives Consensus Rating of “Moderate Buy” from Brokerages

The Beachbody Company, Inc. (NASDAQ:BODI) has been given a consensus rating of “Moderate Buy” by the six brokerages that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $15.6667.

BODI has been the topic of several research analyst reports. Noble Financial restated an “outperform” rating on shares of Beachbody in a report on Wednesday, May 13th. Canaccord Genuity Group lifted their target price on shares of Beachbody from $15.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Roth Capital restated a “neutral” rating and set a $13.00 price target on shares of Beachbody in a research note on Wednesday, May 13th. Zacks Research lowered Beachbody from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Finally, Weiss Ratings raised Beachbody from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th.

Institutional Trading of Beachbody

A number of large investors have recently modified their holdings of BODI. Bard Associates Inc. acquired a new stake in shares of Beachbody in the fourth quarter valued at $32,000. Dimensional Fund Advisors LP purchased a new stake in Beachbody during the 1st quarter worth about $111,000. Jane Street Group LLC acquired a new stake in Beachbody in the 4th quarter valued at about $140,000. North Star Investment Management Corp. acquired a new stake in Beachbody in the 1st quarter valued at about $163,000. Finally, State Street Corp purchased a new position in shares of Beachbody in the 4th quarter valued at about $166,000. Hedge funds and other institutional investors own 74.48% of the company’s stock.

Beachbody Price Performance

Shares of BODI opened at $10.37 on Wednesday. Beachbody has a 52-week low of $3.76 and a 52-week high of $16.87. The company has a market capitalization of $75.08 million, a PE ratio of 15.48 and a beta of 1.01. The stock has a fifty day simple moving average of $10.41 and a two-hundred day simple moving average of $10.64. The company has a quick ratio of 0.64, a current ratio of 0.76 and a debt-to-equity ratio of 0.64.

Beachbody (NASDAQ:BODI) last issued its earnings results on Tuesday, May 12th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.40. The company had revenue of $54.28 million for the quarter, compared to the consensus estimate of $51.77 million. Beachbody had a net margin of 2.21% and a return on equity of 33.74%. As a group, equities analysts forecast that Beachbody will post 0.37 EPS for the current year.

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.