Beyond, Inc. (NYSE:BYON) Receives Average Rating of “Hold” from Analysts

Shares of Beyond, Inc. (NYSE:BYON) have been assigned a consensus rating of “Hold” from the eight ratings firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $10.29.

A number of brokerages have recently issued reports on BYON. Argus lowered shares of Beyond from a “hold” rating to a “sell” rating in a research note on Wednesday, December 18th. Needham & Company LLC downgraded shares of Beyond from a “buy” rating to a “hold” rating and set a $9.00 price objective for the company. in a research report on Wednesday. Barclays lowered their price objective on shares of Beyond from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Thursday, January 9th. Maxim Group lowered their price objective on shares of Beyond from $26.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. Finally, Wedbush reaffirmed an “outperform” rating and set a $15.00 price objective on shares of Beyond in a research report on Wednesday, February 5th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Tidal Investments LLC lifted its stake in Beyond by 140.4% during the fourth quarter. Tidal Investments LLC now owns 2,406,746 shares of the company’s stock valued at $11,865,000 after purchasing an additional 1,405,770 shares during the last quarter. State Street Corp lifted its stake in Beyond by 0.9% during the third quarter. State Street Corp now owns 1,016,563 shares of the company’s stock valued at $10,247,000 after purchasing an additional 8,580 shares during the last quarter. Two Sigma Investments LP lifted its stake in Beyond by 75.1% during the fourth quarter. Two Sigma Investments LP now owns 916,178 shares of the company’s stock valued at $4,517,000 after purchasing an additional 392,977 shares during the last quarter. Two Sigma Advisers LP lifted its stake in Beyond by 362.8% during the fourth quarter. Two Sigma Advisers LP now owns 901,500 shares of the company’s stock valued at $4,444,000 after purchasing an additional 706,700 shares during the last quarter. Finally, Royce & Associates LP lifted its stake in Beyond by 57.8% during the third quarter. Royce & Associates LP now owns 845,977 shares of the company’s stock valued at $8,527,000 after purchasing an additional 309,810 shares during the last quarter. 76.30% of the stock is currently owned by institutional investors.

Beyond Stock Performance

NYSE:BYON opened at $6.12 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $325.46 million, a price-to-earnings ratio of -0.83 and a beta of 3.91. The firm’s fifty day simple moving average is $7.02 and its 200 day simple moving average is $7.73. Beyond has a twelve month low of $4.45 and a twelve month high of $37.10.

Beyond (NYSE:BYON) last issued its quarterly earnings data on Monday, February 24th. The company reported ($0.91) EPS for the quarter, missing analysts’ consensus estimates of ($0.74) by ($0.17). Beyond had a negative return on equity of 69.32% and a negative net margin of 22.82%. The firm had revenue of $303.15 million during the quarter, compared to analyst estimates of $337.96 million. As a group, equities research analysts expect that Beyond will post -3.75 earnings per share for the current fiscal year.

Beyond Company Profile

Beyond, Inc operates as an online retailer of furniture and home furnishings products in the United States and Canada. The company offers furniture, bedding and bath, patio and outdoor gear, area rugs, tabletop and cookware, décor, storage and organization, small appliances, home improvement, and other products under the Bed Bath & Beyond brand.