Summit Financial LLC Invests $104,000 in The Beachbody Company, Inc. (NYSE:BODI)

Summit Financial LLC purchased a new stake in shares of The Beachbody Company, Inc. (NYSE:BODI) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 16,954 shares of the company’s stock, valued at approximately $104,000. Summit Financial LLC owned 0.25% of Beachbody as of its most recent filing with the SEC.

Separately, Rockefeller Capital Management L.P. purchased a new stake in Beachbody in the third quarter valued at $625,000. 74.48% of the stock is owned by institutional investors and hedge funds.

Beachbody Stock Down 11.3 %

Shares of NYSE:BODI opened at $5.33 on Friday. The firm has a market capitalization of $36.90 million, a PE ratio of -0.34 and a beta of 1.07. The Beachbody Company, Inc. has a 1 year low of $5.03 and a 1 year high of $10.80. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.64 and a quick ratio of 0.52. The firm’s 50-day moving average is $7.28 and its two-hundred day moving average is $6.70.

Beachbody (NYSE:BODI) last released its earnings results on Thursday, March 27th. The company reported ($1.89) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.88) by $0.99. The company had revenue of $86.37 million for the quarter, compared to analyst estimates of $81.71 million. Beachbody had a negative net margin of 22.62% and a negative return on equity of 94.29%. Analysts predict that The Beachbody Company, Inc. will post -8.16 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BODI. Roth Capital cut Beachbody from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Roth Mkm reiterated a “neutral” rating and set a $7.00 price target (down from $12.00) on shares of Beachbody in a research report on Tuesday. Finally, Canaccord Genuity Group reissued 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 given a buy rating to the company’s stock. Based on data from MarketBeat, Beachbody presently has an average rating of “Hold” and a consensus price target of $11.00.

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.