The Beachbody Company, Inc. (NASDAQ:BODI) Receives $15.67 Consensus PT from Analysts

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

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

Institutional Investors Weigh In On Beachbody

Several large investors have recently bought and sold shares of the stock. Bard Associates Inc. purchased a new position in shares of Beachbody in the 4th quarter valued at about $32,000. Dimensional Fund Advisors LP purchased a new position in shares of Beachbody in the 1st quarter valued at about $111,000. Cruiser Capital Advisors LLC purchased a new position in shares of Beachbody in the 3rd quarter valued at about $117,000. Jane Street Group LLC purchased a new position in shares of Beachbody in the 4th quarter valued at about $140,000. Finally, North Star Investment Management Corp. purchased a new position in shares of Beachbody in the 1st quarter valued at about $163,000. Hedge funds and other institutional investors own 74.48% of the company’s stock.

Beachbody Stock Performance

Shares of NASDAQ:BODI opened at $10.20 on Friday. 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 business’s 50 day moving average price is $11.47 and its 200-day moving average price is $10.69. The firm has a market capitalization of $73.88 million, a PE ratio of 15.23 and a beta of 1.01. Beachbody has a 1 year low of $3.75 and a 1 year high of $16.87.

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

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.