The Beachbody Company, Inc. (NASDAQ:BODI) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analyst consensus: Five brokerages give Beachbody an average rating of "Moderate Buy" (1 sell, 3 buy, 1 strong buy) with an average 1‑year target price of $13.50.
• Current valuation/price: BODI opened at $14.96, has a market cap of $107.41M and a negative PE of -31.83, trading in a 12‑month range of $3.38–$16.68 with 50/200‑day moving averages of $10.96/$9.57.
• Institutional interest: About 74.48% of the stock is owned by institutional investors, with recent stake increases from Renaissance Technologies and new positions by State Street and Jane Street.

Shares of The Beachbody Company, Inc. (NASDAQ:BODI - Get Free Report) have received an average recommendation of "Moderate Buy" from the five brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $13.50.

Several research analysts have commented on the company. Canaccord Genuity Group lifted their target price on Beachbody from $9.00 to $12.00 and gave the stock a "buy" rating in a report on Tuesday, March 10th. Zacks Research raised Beachbody from a "hold" rating to a "strong-buy" rating in a report on Monday, March 16th. Wall Street Zen raised Beachbody from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 14th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Beachbody in a report on Friday, March 27th. Finally, Craig Hallum assumed coverage on Beachbody in a report on Monday, March 2nd. They set a "buy" rating and a $15.00 target price on the stock.

Beachbody Stock Down 2.0%

Shares of BODI opened at $14.96 on Friday. The company has a market capitalization of $107.41 million, a PE ratio of -31.83 and a beta of 0.85. Beachbody has a 12 month low of $3.38 and a 12 month high of $16.68. The stock's 50-day moving average price is $10.96 and its two-hundred day moving average price is $9.57. The company has a current ratio of 0.74, a quick ratio of 0.63 and a debt-to-equity ratio of 0.72.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its stake in shares of Beachbody by 54.0% in the 4th quarter. Renaissance Technologies LLC now owns 52,769 shares of the company's stock valued at $547,000 after purchasing an additional 18,505 shares during the period. State Street Corp acquired a new position in shares of Beachbody in the 4th quarter valued at about $166,000. Jane Street Group LLC acquired a new position in shares of Beachbody in the 4th quarter valued at about $140,000. Geode Capital Management LLC lifted its stake in shares of Beachbody by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 32,503 shares of the company's stock valued at $337,000 after purchasing an additional 1,125 shares during the period. Finally, Cruiser Capital Advisors LLC acquired a new position in shares of Beachbody in the 3rd quarter valued at about $117,000. 74.48% of the stock is owned by institutional investors and hedge funds.

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.

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