Beachbody (NYSE:BODI – Get Free Report)‘s stock had its “buy” rating reaffirmed by research analysts at Canaccord Genuity Group in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $13.00 target price on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 70.16% from the stock’s previous close.
Beachbody Trading Down 4.5 %
Shares of BODI stock traded down $0.36 on Friday, reaching $7.64. 6,763 shares of the stock were exchanged, compared to its average volume of 14,902. Beachbody has a 1-year low of $5.14 and a 1-year high of $10.80. The stock has a market cap of $52.90 million, a P/E ratio of -0.49 and a beta of 1.13. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 0.17. The firm has a 50 day moving average of $7.29 and a two-hundred day moving average of $6.67.
Institutional Trading of Beachbody
Institutional investors have recently modified their holdings of the company. Rockefeller Capital Management L.P. acquired a new position in Beachbody during the third quarter valued at approximately $625,000. Raine Group LLC acquired a new position in shares of Beachbody during the 3rd quarter valued at $25,000. Raine Capital LLC purchased a new stake in Beachbody during the 3rd quarter worth $4,287,000. Finally, Summit Financial LLC purchased a new position in Beachbody in the fourth quarter valued at about $104,000. 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.
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