Whetstone Capital Advisors LLC Acquires Shares of 187,237 The Beachbody Company, Inc. (NYSE:BODI)

Whetstone Capital Advisors LLC bought a new position in The Beachbody Company, Inc. (NYSE:BODI) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 187,237 shares of the company’s stock, valued at approximately $1,071,000. Beachbody comprises about 0.5% of Whetstone Capital Advisors LLC’s portfolio, making the stock its 26th largest position.

Separately, Mill Creek Capital Advisors LLC purchased a new stake in Beachbody during the 3rd quarter valued at about $186,000. 74.48% of the stock is currently owned by institutional investors.

Beachbody Price Performance

NYSE BODI opened at $6.16 on Monday. The Beachbody Company, Inc. has a one year low of $5.14 and a one year high of $13.45. The stock has a 50-day moving average of $6.39 and a 200 day moving average of $7.38. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 0.64. The company has a market capitalization of $42.63 million, a price-to-earnings ratio of -0.39 and a beta of 1.12.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reaffirmed a “buy” rating and issued a $12.00 target price on shares of Beachbody in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

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.