Beachbody’s (BODI) “Buy” Rating Reaffirmed at Roth Mkm

Roth Mkm restated their buy rating on shares of Beachbody (NYSE:BODI) in a research report report published on Thursday morning,Benzinga reports. Roth Mkm currently has a $12.00 price objective on the stock.

Beachbody Stock Performance

Shares of NYSE BODI traded down $0.03 during midday trading on Thursday, reaching $6.78. 53,316 shares of the stock were exchanged, compared to its average volume of 21,722. Beachbody has a twelve month low of $5.14 and a twelve month high of $13.45. The company has a quick ratio of 0.54, a current ratio of 0.64 and a debt-to-equity ratio of 0.17. The company has a 50 day simple moving average of $6.36 and a 200 day simple moving average of $7.54.

Institutional Investors Weigh In On Beachbody

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Raine Capital LLC acquired a new position in shares of Beachbody during the third quarter worth about $4,287,000. Raine Group LLC acquired a new position in Beachbody during the third quarter worth about $25,000. Rockefeller Capital Management L.P. purchased a new stake in shares of Beachbody in the third quarter valued at about $625,000. Whetstone Capital Advisors LLC purchased a new stake in shares of Beachbody in the third quarter valued at about $1,071,000. Finally, MSA Advisors LLC purchased a new stake in shares of Beachbody in the third quarter valued at about $668,000. 74.48% of the stock is owned by hedge funds and other institutional investors.

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.