Beachbody (NYSE:BODI) Stock Price Up 8.8% – Should You Buy?

Shares of The Beachbody Company, Inc. (NYSE:BODI) shot up 8.8% during mid-day trading on Monday . The stock traded as high as $7.90 and last traded at $7.74. 13,071 shares traded hands during mid-day trading, a decline of 25% from the average session volume of 17,429 shares. The stock had previously closed at $7.11.

Beachbody Trading Down 4.3 %

The stock has a market capitalization of $52.66 million, a P/E ratio of -0.48 and a beta of 1.13. The company has a current ratio of 0.64, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average price of $7.28 and a two-hundred day moving average price of $6.66.

Hedge Funds Weigh In On Beachbody

A number of institutional investors have recently added to or reduced their stakes in the stock. Raine Group LLC acquired a new position in Beachbody in the 3rd quarter worth about $25,000. Summit Financial LLC bought a new stake in shares of Beachbody in the 4th quarter valued at $104,000. Rockefeller Capital Management L.P. acquired a new stake in Beachbody during the 3rd quarter worth about $625,000. Finally, Raine Capital LLC acquired a new position in shares of Beachbody in the 3rd quarter valued at about $4,287,000. 74.48% of the stock is currently owned by institutional investors and hedge funds.

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.