Beachbody (NYSE:BODI) Shares Up 8.8% – Time to Buy?

The Beachbody Company, Inc. (NYSE:BODI) shares were up 8.8% during trading on Monday . The company traded as high as $7.90 and last traded at $7.74. Approximately 13,071 shares changed hands during mid-day trading, a decline of 25% from the average daily volume of 17,429 shares. The stock had previously closed at $7.11.

Beachbody Trading Down 4.3 %

The business has a 50 day simple moving average of $7.28 and a 200-day simple moving average of $6.66. The stock has a market capitalization of $52.66 million, a price-to-earnings ratio of -0.48 and a beta of 1.13. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.64 and a quick ratio of 0.52.

Institutional Trading of Beachbody

Several hedge funds and other institutional investors have recently modified their holdings of BODI. Raine Group LLC acquired a new stake in Beachbody in the 3rd quarter valued at $25,000. Summit Financial LLC acquired a new stake in shares of Beachbody during the 4th quarter worth about $104,000. Rockefeller Capital Management L.P. acquired a new stake in Beachbody during the third quarter worth approximately $625,000. Finally, Raine Capital LLC acquired a new position in Beachbody in the 3rd quarter valued at $4,287,000. Institutional investors and hedge funds own 74.48% of the company’s stock.

About Beachbody

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.