Beyond (NYSE:BYON) Price Target Cut to $6.50 by Analysts at Jefferies Financial Group

Beyond (NYSE:BYON) had its target price cut by Jefferies Financial Group from $7.25 to $6.50 in a research report released on Monday morning,Benzinga reports. They currently have a hold rating on the stock.

Several other equities research analysts have also recently commented on BYON. Wedbush reissued an “outperform” rating and issued a $15.00 price target on shares of Beyond in a research note on Wednesday, February 5th. Needham & Company LLC lowered Beyond from a “buy” rating to a “hold” rating and set a $9.00 price target for the company. in a report on Wednesday, March 5th. Argus lowered Beyond from a “hold” rating to a “sell” rating in a report on Wednesday, December 18th. Maxim Group cut their target price on Beyond from $26.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Finally, Barclays dropped their price objective on Beyond from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Thursday, January 9th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Beyond has an average rating of “Hold” and a consensus target price of $9.64.

Beyond Price Performance

NYSE BYON opened at $5.41 on Monday. The stock’s 50-day moving average price is $7.04 and its two-hundred day moving average price is $7.65. 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 company has a market cap of $287.25 million, a PE ratio of -0.73 and a beta of 3.91. Beyond has a 1 year low of $4.45 and a 1 year high of $37.10.

Beyond (NYSE:BYON) last released its earnings results on Monday, February 24th. The company reported ($0.91) earnings per share for the quarter, missing the consensus estimate of ($0.74) by ($0.17). Beyond had a negative net margin of 22.82% and a negative return on equity of 69.32%. The business had revenue of $303.15 million for the quarter, compared to analysts’ expectations of $337.96 million. On average, analysts predict that Beyond will post -3.75 EPS for the current year.

Institutional Trading of Beyond

Several large investors have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Beyond by 18.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 116,431 shares of the company’s stock valued at $574,000 after acquiring an additional 17,810 shares during the last quarter. Two Sigma Advisers LP lifted its stake in Beyond by 362.8% in the fourth quarter. Two Sigma Advisers LP now owns 901,500 shares of the company’s stock valued at $4,444,000 after buying an additional 706,700 shares during the period. Two Sigma Investments LP raised its position in shares of Beyond by 75.1% during the fourth quarter. Two Sigma Investments LP now owns 916,178 shares of the company’s stock worth $4,517,000 after purchasing an additional 392,977 shares during the period. Tidal Investments LLC raised its position in shares of Beyond by 140.4% during the fourth quarter. Tidal Investments LLC now owns 2,406,746 shares of the company’s stock worth $11,865,000 after purchasing an additional 1,405,770 shares during the period. Finally, Sherbrooke Park Advisers LLC acquired a new stake in Beyond in the 4th quarter valued at approximately $179,000. Institutional investors own 76.30% of the company’s stock.

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.