Roth Mkm Reiterates Buy Rating for Beachbody (NYSE:BODI)

Beachbody (NYSE:BODI)‘s stock had its “buy” rating reissued by investment analysts at Roth Mkm in a note issued to investors on Thursday,Benzinga reports. They currently have a $12.00 price target on the stock. Roth Mkm’s price target would indicate a potential upside of 80.18% from the stock’s current price.

Beachbody Stock Performance

NYSE:BODI opened at $6.66 on Thursday. The company has a market capitalization of $46.09 million, a price-to-earnings ratio of -0.42 and a beta of 1.12. The business has a 50 day moving average of $6.38 and a 200 day moving average of $7.52. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.64 and a quick ratio of 0.54. Beachbody has a 1-year low of $5.14 and a 1-year high of $13.45.

Hedge Funds Weigh In On Beachbody

Several institutional investors and hedge funds have recently made changes to their positions in the business. Rockefeller Capital Management L.P. purchased a new stake in Beachbody during the third quarter valued at about $625,000. Raine Capital LLC bought a new stake in shares of Beachbody in the 3rd quarter valued at about $4,287,000. Raine Group LLC purchased a new stake in Beachbody during the 3rd quarter valued at about $25,000. Whetstone Capital Advisors LLC bought a new position in Beachbody during the 3rd quarter worth approximately $1,071,000. Finally, MSA Advisors LLC bought a new stake in Beachbody in the third quarter valued at approximately $668,000. Institutional investors own 74.48% of the company’s stock.

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.