Beachbody (NYSE:BODI) Receives Neutral Rating from Roth Mkm

Roth Mkm restated their neutral rating on shares of Beachbody (NYSE:BODI) in a report published on Tuesday morning,Benzinga reports. Roth Mkm currently has a $7.00 target price on the stock, down from their prior target price of $12.00.

Separately, Canaccord Genuity Group restated a “buy” rating and issued a $13.00 price target on shares of Beachbody in a research note on Friday, March 28th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $11.00.

Beachbody Stock Down 2.0 %

Shares of Beachbody stock opened at $6.24 on Tuesday. Beachbody has a one year low of $5.14 and a one year high of $10.80. The company has a market cap of $43.23 million, a P/E ratio of -0.40 and a beta of 1.07. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 0.64. The firm has a fifty day moving average of $7.32 and a two-hundred day moving average of $6.70.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. acquired a new stake in shares of Beachbody in the 3rd quarter worth approximately $625,000. Raine Capital LLC purchased a new stake in Beachbody during the third quarter worth $4,287,000. Summit Financial LLC acquired a new stake in Beachbody in the fourth quarter valued at $104,000. Finally, Raine Group LLC purchased a new position in shares of Beachbody in the third quarter valued at $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.