Beyond (NYSE:BYON) Given New $6.50 Price Target at Jefferies Financial Group

Beyond (NYSE:BYON) had its target price cut by equities research analysts at Jefferies Financial Group from $7.25 to $6.50 in a report released on Monday,Benzinga reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s price objective points to a potential upside of 21.16% from the stock’s previous close.

A number of other brokerages have also issued reports on BYON. Needham & Company LLC lowered shares of Beyond from a “buy” rating to a “hold” rating and set a $9.00 price objective for the company. in a report on Wednesday, March 5th. Wedbush reaffirmed an “outperform” rating and set a $15.00 target price on shares of Beyond in a research note on Wednesday, February 5th. Maxim Group lowered their target price 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. Argus lowered shares of Beyond from a “hold” rating to a “sell” rating in a research note on Wednesday, December 18th. Finally, Barclays lowered their target price 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. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Beyond currently has a consensus rating of “Hold” and a consensus price target of $9.64.

Beyond Trading Down 0.6 %

Shares of BYON opened at $5.37 on Monday. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 0.17. Beyond has a 12-month low of $4.45 and a 12-month high of $37.10. The firm has a 50-day moving average price of $7.04 and a 200 day moving average price of $7.61. The firm has a market capitalization of $285.12 million, a P/E ratio of -0.73 and a beta of 3.91.

Beyond (NYSE:BYON) last announced 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 net margin of 22.82% and a negative return on equity of 69.32%. The firm had revenue of $303.15 million during the quarter, compared to analysts’ expectations of $337.96 million. Sell-side analysts forecast that Beyond will post -3.75 EPS for the current year.

Institutional Trading of Beyond

Several hedge funds have recently made changes to their positions in BYON. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Beyond during the fourth quarter worth about $30,000. R Squared Ltd acquired a new stake in shares of Beyond during the fourth quarter worth about $32,000. Skandinaviska Enskilda Banken AB publ lifted its position in shares of Beyond by 68.4% during 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 in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Beyond during the fourth quarter worth about $32,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Beyond during the fourth quarter worth about $39,000. Institutional investors and hedge funds 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.