The Beachbody Company, Inc. (NASDAQ:BODI) Stock Has Average Price Target of $14.33

The Beachbody Company, Inc. (NASDAQ:BODI) has earned a consensus rating of “Hold” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $14.33.

Several research analysts have recently issued reports on BODI shares. Weiss Ratings downgraded shares of Beachbody from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, October 6th. Wall Street Zen cut Beachbody from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Roth Capital restated a “neutral” rating and issued a $9.00 price objective on shares of Beachbody in a research note on Tuesday, August 11th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP bought a new stake in shares of Beachbody in the 1st quarter valued at about $111,000. NewEdge Advisors LLC bought a new position in Beachbody during the 2nd quarter worth about $145,000. North Star Investment Management Corp. acquired a new stake in Beachbody in the 1st quarter valued at approximately $163,000. Citadel Advisors LLC raised its holdings in shares of Beachbody by 104.6% in the second quarter. Citadel Advisors LLC now owns 37,531 shares of the company’s stock valued at $384,000 after purchasing an additional 19,189 shares during the last quarter. Finally, Evernest Financial Advisors LLC bought a new stake in Beachbody during the 1st quarter worth about $316,000. 74.48% of the stock is currently owned by institutional investors and hedge funds.

Beachbody Price Performance

NASDAQ BODI opened at $4.29 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.79 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $31.23 million, a PE ratio of 2.63 and a beta of 0.92. Beachbody has a 12-month low of $4.01 and a 12-month high of $16.87. The company has a 50 day moving average price of $5.05 and a two-hundred day moving average price of $9.12.

Beachbody (NASDAQ:BODI) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.11 EPS for the quarter. The company had revenue of $49.61 million for the quarter. Beachbody had a return on equity of 44.34% and a net margin of 5.68%. As a group, equities analysts predict that Beachbody will post 0.22 earnings per share for the current fiscal year.

Beachbody Company Profile

Beachbody, operating under the BODi brand, is a digital fitness and wellness company that provides at-home workout programs, nutrition guidance and related products through online and mobile platforms. Its offerings are designed to support exercise, weight management and broader healthy-lifestyle goals.

The company’s portfolio has included on-demand workout content led by professional trainers, personalized fitness and nutrition programs, meal-planning resources, supplements and other wellness products.