Roth Mkm Reiterates Buy Rating for Beachbody (NYSE:BODI)

Beachbody (NYSE:BODI)‘s stock had its “buy” rating reissued by investment analysts at Roth Mkm in a research note issued to investors on Thursday,Benzinga reports. They currently have a $12.00 price objective on the stock. Roth Mkm’s target price would indicate a potential upside of 73.91% from the stock’s current price.

Beachbody Price Performance

BODI traded up $0.47 during trading on Thursday, reaching $6.90. The stock had a trading volume of 15,621 shares, compared to its average volume of 21,488. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.54 and a current ratio of 0.71. The business has a 50-day moving average of $6.35 and a 200-day moving average of $7.54. Beachbody has a one year low of $5.14 and a one year high of $13.45. The stock has a market cap of $47.75 million, a PE ratio of -0.44 and a beta of 1.12.

Hedge Funds Weigh In On Beachbody

A number of large investors have recently added to or reduced their stakes in BODI. Whetstone Capital Advisors LLC purchased a new stake in Beachbody during the third quarter valued at about $1,071,000. MSA Advisors LLC purchased a new stake in Beachbody during the 3rd quarter valued at about $668,000. Finally, Mill Creek Capital Advisors LLC bought a new position in Beachbody during the 3rd quarter worth approximately $186,000. Hedge funds and other institutional investors own 74.48% of the company’s stock.

Beachbody Company Profile

The Beachbody Company, Inc operates as a subscription health and wellness company that provides fitness, nutrition, and stress-reducing programs in the United States and internationally. The company operates Beachbody on Demand, a digital subscription platform that provides access to a library of live and on-demand fitness and nutrition content; and Beachbody on Demand Interactive (BODi) for live fitness and nutrition programs.