Analysts Set Beyond, Inc. (NYSE:BYON) Price Target at $9.64

Beyond, Inc. (NYSE:BYON) has received an average rating of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat.com 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 1 year price objective among brokers that have updated their coverage on the stock in the last year is $9.64.

A number of analysts have commented on the stock. Barclays cut their price target 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. Maxim Group cut 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. Wedbush reissued an “outperform” rating and set a $15.00 price target on shares of Beyond in a research report on Wednesday, March 19th. Jefferies Financial Group cut their price objective on Beyond from $7.25 to $6.50 and set a “hold” rating for the company in a research report on Monday, March 10th. Finally, Needham & Company LLC lowered Beyond from a “buy” rating to a “hold” rating and set a $9.00 target price on the stock. in a report on Wednesday, March 5th.

Beyond Price Performance

Shares of BYON opened at $3.94 on Wednesday. The stock has a 50 day simple moving average of $6.69 and a 200 day simple moving average of $6.99. Beyond has a 52-week low of $3.62 and a 52-week high of $31.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.91 and a current ratio of 0.97. The firm has a market capitalization of $217.57 million, a PE ratio of -0.53 and a beta of 4.09.

Beyond (NYSE:BYON) last posted its quarterly earnings data 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). The firm had revenue of $303.15 million for the quarter, compared to analyst estimates of $337.96 million. Beyond had a negative return on equity of 69.32% and a negative net margin of 22.82%. Sell-side analysts predict that Beyond will post -3.75 EPS for the current fiscal year.

Insider Transactions at Beyond

In other news, Chairman Marcus Lemonis bought 19,193 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average cost of $5.03 per share, with a total value of $96,540.79. Following the transaction, the chairman now directly owns 456,151 shares of the company’s stock, valued at approximately $2,294,439.53. This represents a 4.39 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Beyond

A number of hedge funds have recently added to or reduced their stakes in BYON. JPMorgan Chase & Co. increased its stake in shares of Beyond by 34.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 389,694 shares of the company’s stock worth $3,928,000 after purchasing an additional 100,335 shares during the last quarter. Franklin Resources Inc. increased its position in Beyond by 12.8% in the third quarter. Franklin Resources Inc. now owns 21,299 shares of the company’s stock worth $217,000 after buying an additional 2,411 shares during the last quarter. Refined Wealth Management lifted its position in shares of Beyond by 14.8% during the 4th quarter. Refined Wealth Management now owns 401,095 shares of the company’s stock valued at $1,977,000 after buying an additional 51,763 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Beyond by 14.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 98,621 shares of the company’s stock valued at $994,000 after buying an additional 12,794 shares during the last quarter. Finally, Pamplona Capital Management LLC bought a new position in shares of Beyond during the 4th quarter worth $1,630,000. 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.