Whetstone Capital Advisors LLC Sells 101,940 Shares of The Beachbody Company, Inc. $BODI

Whetstone Capital Advisors LLC lessened its stake in The Beachbody Company, Inc. (NASDAQ:BODI) by 25.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 297,627 shares of the company’s stock after selling 101,940 shares during the period. Beachbody makes up approximately 1.0% of Whetstone Capital Advisors LLC’s holdings, making the stock its 21st largest position. Whetstone Capital Advisors LLC owned about 4.20% of Beachbody worth $3,083,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in Beachbody by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 32,503 shares of the company’s stock worth $337,000 after purchasing an additional 1,125 shares during the period. Bard Associates Inc. bought a new stake in Beachbody in the 4th quarter worth approximately $32,000. Jane Street Group LLC bought a new stake in Beachbody in the 4th quarter worth approximately $140,000. State Street Corp bought a new stake in Beachbody in the 4th quarter worth approximately $166,000. Finally, Renaissance Technologies LLC grew its position in Beachbody by 54.0% in the 4th quarter. Renaissance Technologies LLC now owns 52,769 shares of the company’s stock worth $547,000 after purchasing an additional 18,505 shares during the period. Institutional investors own 74.48% of the company’s stock.

Beachbody Stock Performance

Shares of BODI stock opened at $9.44 on Monday. The Beachbody Company, Inc. has a 1 year low of $3.51 and a 1 year high of $16.87. The firm has a fifty day moving average price of $11.82 and a 200-day moving average price of $10.72. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.64. The company has a market cap of $68.35 million, a price-to-earnings ratio of 14.09 and a beta of 1.02.

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

Analysts Set New Price Targets

A number of research firms have commented on BODI. Wall Street Zen downgraded shares of Beachbody from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Craig Hallum began coverage on shares of Beachbody in a research report on Monday, March 2nd. They issued a “buy” rating and a $15.00 target price for the company. Canaccord Genuity Group lifted their target price on shares of Beachbody from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Roth Mkm reissued a “neutral” rating and set a $13.00 price objective on shares of Beachbody in a research report on Wednesday, May 13th. Finally, Weiss Ratings raised shares of Beachbody from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Thursday. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $15.67.

About Beachbody

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.