Beachbody (NYSE:BODI) Given "Neutral" Rating at Roth Mkm

Beachbody (NYSE:BODI - Get Free Report)'s stock had its "neutral" rating reissued by stock analysts at Roth Mkm in a report released on Tuesday,Benzinga reports. They presently have a $7.00 price target on the stock, down from their previous price target of $12.00. Roth Mkm's price target indicates a potential upside of 31.33% from the stock's previous close.

Separately, Canaccord Genuity Group reiterated a "buy" rating and set a $13.00 price target on shares of Beachbody in a research note on Friday, March 28th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $11.00.

Beachbody Stock Down 11.3 %

NYSE:BODI traded down $0.68 during trading hours on Tuesday, hitting $5.33. The company's stock had a trading volume of 24,942 shares, compared to its average volume of 17,712. The stock has a market capitalization of $36.90 million, a P/E ratio of -0.34 and a beta of 1.07. The company has a current ratio of 0.64, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. The stock has a fifty day moving average of $7.28 and a 200-day moving average of $6.70. Beachbody has a 52-week low of $5.03 and a 52-week high of $10.80.

Beachbody (NYSE:BODI - Get Free Report) last issued its earnings results on Thursday, March 27th. The company reported ($1.89) earnings per share for the quarter, topping the consensus estimate of ($2.88) by $0.99. The business had revenue of $86.37 million for the quarter, compared to analyst estimates of $81.71 million. Beachbody had a negative return on equity of 94.29% and a negative net margin of 22.62%. On average, equities analysts forecast that Beachbody will post -8.16 earnings per share for the current year.

Institutional Investors Weigh In On Beachbody

A number of institutional investors and hedge funds have recently made changes to their positions in BODI. Raine Capital LLC purchased a new position in shares of Beachbody in the 3rd quarter valued at approximately $4,287,000. Rockefeller Capital Management L.P. acquired a new position in Beachbody in the 3rd quarter valued at $625,000. Summit Financial LLC purchased a new position in Beachbody during the 4th quarter worth $104,000. Finally, Raine Group LLC acquired a new stake in shares of Beachbody in the 3rd quarter worth $25,000. 74.48% of the stock is owned by hedge funds and other institutional investors.

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.