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

Shares of Beyond, Inc. (NYSE:BYON) have been given a consensus rating of “Hold” by the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $9.64.

Several research firms have issued reports on BYON. Needham & Company LLC downgraded Beyond from a “buy” rating to a “hold” rating and set a $9.00 target price on the stock. in a research report on Wednesday, March 5th. Wedbush reissued an “outperform” rating and issued a $15.00 target price on shares of Beyond in a research note on Wednesday, March 19th. Barclays reduced their target price on shares of Beyond from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Thursday, January 9th. Argus downgraded Beyond from a “hold” rating to a “sell” rating in a research report on Wednesday, December 18th. Finally, 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 note on Wednesday, February 26th.

Insider Buying and Selling

In other Beyond news, Chairman Marcus Lemonis acquired 19,193 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was purchased at an average price of $5.03 per share, with a total value of $96,540.79. Following the transaction, the chairman now directly owns 456,151 shares in the company, valued at approximately $2,294,439.53. The trade was a 4.39 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Beyond

A number of hedge funds and other institutional investors have recently modified their holdings of BYON. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Beyond during the fourth quarter valued at approximately $30,000. Canada Pension Plan Investment Board purchased a new stake in Beyond in the 4th quarter worth $32,000. R Squared Ltd bought a new position in shares of Beyond during the 4th quarter valued at about $32,000. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Beyond by 68.4% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 6,592 shares of the company’s stock worth $32,000 after purchasing an additional 2,678 shares during the last quarter. Finally, Safe Harbor Fiduciary LLC purchased a new stake in shares of Beyond in the third quarter worth about $80,000. 76.30% of the stock is owned by hedge funds and other institutional investors.

Beyond Price Performance

Shares of NYSE BYON opened at $4.99 on Wednesday. The firm has a fifty day simple moving average of $6.87 and a 200 day simple moving average of $7.08. Beyond has a twelve month low of $4.45 and a twelve month high of $35.07. The company has a market capitalization of $275.06 million, a PE ratio of -0.68 and a beta of 3.91. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 0.17.

Beyond (NYSE:BYON) last posted its quarterly earnings data on Monday, February 24th. The company reported ($0.91) earnings per share (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 for the quarter, compared to analysts’ expectations of $337.96 million. On average, sell-side analysts forecast that Beyond will post -3.75 EPS for the current 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.