Shares of The Beachbody Company, Inc. (NYSE:BODY – Get Free Report) were down 2% during mid-day trading on Monday . The company traded as low as $8.04 and last traded at $8.14. Approximately 18,000 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 27,964 shares. The stock had previously closed at $8.31.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on BODY shares. Roth Capital reiterated a “buy” rating on shares of Beachbody in a research note on Friday, January 5th. Roth Mkm started coverage on Beachbody in a research note on Friday, January 5th. They issued a “buy” rating on the stock.
Get Our Latest Stock Analysis on Beachbody
Beachbody Trading Down 2.0 %
Hedge Funds Weigh In On Beachbody
A number of institutional investors have recently bought and sold shares of the stock. Raine Group LLC increased its holdings in shares of Beachbody by 730.5% in the 2nd quarter. Raine Group LLC now owns 216,551 shares of the company’s stock valued at $91,000 after purchasing an additional 190,476 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Beachbody by 19.2% in the 1st quarter. Renaissance Technologies LLC now owns 450,600 shares of the company’s stock valued at $217,000 after purchasing an additional 72,600 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Beachbody by 209.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 359,285 shares of the company’s stock valued at $150,000 after purchasing an additional 243,333 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Beachbody by 26.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 290,560 shares of the company’s stock valued at $140,000 after purchasing an additional 60,569 shares during the period. Finally, Y Intercept Hong Kong Ltd increased its holdings in shares of Beachbody by 642.0% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 237,002 shares of the company’s stock valued at $99,000 after purchasing an additional 205,060 shares during the period. Hedge funds and other institutional investors own 59.56% of the company’s stock.
About Beachbody
The Beachbody Company, Inc operates as a health and wellness platform 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.
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