Brokerages Set The Beachbody Company, Inc. (NYSE:BODI) PT at $12.00

The Beachbody Company, Inc. (NYSE:BODI - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the six analysts that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $11.00.

BODI has been the topic of a number of analyst reports. Roth Mkm restated a "neutral" rating and issued a $7.00 price objective (down previously from $12.00) on shares of Beachbody in a research report on Tuesday. Canaccord Genuity Group restated a "buy" rating and set a $13.00 price target on shares of Beachbody in a report on Friday.

Beachbody Trading Up 0.7 %

BODI stock traded up $0.05 during trading on Friday, hitting $7.54. 2,980 shares of the company traded hands, compared to its average volume of 14,686. The company has a 50-day moving average of $7.33 and a 200-day moving average of $6.70. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 0.64. Beachbody has a 1 year low of $5.14 and a 1 year high of $10.80. The firm has a market capitalization of $52.21 million, a PE ratio of -0.48 and a beta of 1.13.

Beachbody (NYSE:BODI - Get Free Report) last released its quarterly earnings data on Thursday, March 27th. The company reported ($1.89) earnings per share for the quarter, beating analysts' consensus estimates of ($2.88) by $0.99. Beachbody had a negative return on equity of 94.29% and a negative net margin of 22.62%. The firm had revenue of $86.37 million during the quarter, compared to analyst estimates of $81.71 million. Analysts predict that Beachbody will post -8.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Beachbody

Hedge funds and other institutional investors have recently modified their holdings of the stock. Raine Group LLC bought a new stake in Beachbody during the 3rd quarter valued at approximately $25,000. Summit Financial LLC bought a new stake in shares of Beachbody during the fourth quarter valued at approximately $104,000. Rockefeller Capital Management L.P. purchased a new stake in Beachbody in the third quarter worth $625,000. Finally, Raine Capital LLC bought a new position in Beachbody in the third quarter worth $4,287,000. Hedge funds and other institutional investors own 74.48% of the company's stock.

About Beachbody

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.