The Beachbody Company, Inc. (NASDAQ:BODI) Given Average Rating of "Moderate Buy" by Brokerages

Shares of The Beachbody Company, Inc. (NASDAQ:BODI - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the five research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $13.50.BODI has been the topic of several research analyst reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Beachbody in a research note on Friday, March 27th. Canaccord Genuity Group lifted their target price on shares of Beachbody from $9.00 to $12.00 and gave the company a "buy" rating in a report on Tuesday, March 10th. Craig Hallum began coverage on Beachbody in a research report on Monday, March 2nd. They issued a "buy" rating and a $15.00 price objective on the stock. Zacks Research upgraded Beachbody from a "hold" rating to a "strong-buy" rating in a report on Monday, March 16th. Finally, Wall Street Zen upgraded shares of Beachbody from a "buy" rating to a "strong-buy" rating in a research note on Saturday, March 14th.Read Our Latest Analysis on BODIInstitutional Investors Weigh In On BeachbodyHedge funds and other institutional investors have recently modified their holdings of the stock. Bard Associates Inc. acquired a new stake in Beachbody during the fourth quarter valued at approximately $32,000. Cruiser Capital Advisors LLC bought a new position in Beachbody in the third quarter worth about $117,000. Jane Street Group LLC bought a new position in shares of Beachbody during the fourth quarter valued at approximately $140,000. State Street Corp bought a new stake in shares of Beachbody in the 4th quarter worth approximately $166,000. Finally, Geode Capital Management LLC increased its position in Beachbody by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 32,503 shares of the company's stock worth $337,000 after buying an additional 1,125 shares during the period. Institutional investors own 74.48% of the company's stock. Beachbody Price PerformanceShares of NASDAQ BODI opened at $11.90 on Monday. The stock has a market capitalization of $85.44 million, a PE ratio of -25.32 and a beta of 0.85. The company has a quick ratio of 0.63, a current ratio of 0.74 and a debt-to-equity ratio of 0.72. The firm has a fifty day moving average of $10.01 and a 200-day moving average of $8.73. Beachbody has a 52-week low of $3.38 and a 52-week high of $12.66. Beachbody Company Profile (Get Free Report)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.Featured ArticlesFive stocks we like better than BeachbodyThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Beachbody Right Now?Before you consider Beachbody, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Beachbody wasn't on the list.While Beachbody currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here