Beyond, Inc. (NYSE:BYON) Receives $9.64 Average PT from Analysts

Beyond, Inc. (NYSE:BYON) has been assigned an average rating of “Hold” from the eight brokerages that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $9.64.

Several brokerages have recently weighed in on BYON. Jefferies Financial Group reduced their price target on Beyond from $7.25 to $6.50 and set a “hold” rating for the company in a report on Monday, March 10th. Barclays reduced 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 note on Thursday, January 9th. Needham & Company LLC downgraded shares of Beyond from a “buy” rating to a “hold” rating and set a $9.00 target price on the stock. in a research note on Wednesday, March 5th. Wedbush reiterated an “outperform” rating and set a $15.00 price target on shares of Beyond in a report on Wednesday, March 19th. Finally, Argus lowered shares of Beyond from a “hold” rating to a “sell” rating in a report on Wednesday, December 18th.

Beyond Trading Down 4.4 %

Shares of NYSE BYON opened at $3.94 on Wednesday. The stock has a market cap of $217.57 million, a P/E ratio of -0.53 and a beta of 4.09. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.91. Beyond has a 1 year low of $3.62 and a 1 year high of $30.59. The firm has a 50-day moving average of $6.69 and a 200 day moving average of $6.94.

Beyond (NYSE:BYON) last issued its quarterly earnings results 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 company had revenue of $303.15 million during the quarter, compared to the consensus estimate of $337.96 million. As a group, sell-side analysts expect that Beyond will post -3.75 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Chairman Marcus Lemonis purchased 19,193 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was acquired at an average cost of $5.03 per share, for a total transaction of $96,540.79. Following the purchase, the chairman now directly owns 456,151 shares in the company, valued at $2,294,439.53. This trade represents 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 insiders.

Hedge Funds Weigh In On Beyond

A number of institutional investors and hedge funds have recently made changes to their positions in BYON. Fire Capital Management LLC bought a new position in Beyond in the 4th quarter worth $726,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Beyond by 18.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 116,431 shares of the company’s stock worth $574,000 after acquiring an additional 17,810 shares in the last quarter. Two Sigma Advisers LP increased its holdings in Beyond by 362.8% in the 4th quarter. Two Sigma Advisers LP now owns 901,500 shares of the company’s stock worth $4,444,000 after acquiring an additional 706,700 shares in the last quarter. Two Sigma Investments LP raised its stake in Beyond by 75.1% during the 4th quarter. Two Sigma Investments LP now owns 916,178 shares of the company’s stock worth $4,517,000 after acquiring an additional 392,977 shares during the period. Finally, Tidal Investments LLC lifted its holdings 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 in the last quarter. Hedge funds and other institutional investors own 76.30% of the company’s stock.

About Beyond

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.