Analysts Set Beyond, Inc. (NYSE:BYON) Price Target at $10.29

Shares of Beyond, Inc. (NYSE:BYON - Get Free Report) have earned an average recommendation of "Hold" from the eight ratings firms that are covering the company, 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 12-month target price among brokers that have issued a report on the stock in the last year is $9.64.

BYON has been the topic of several analyst reports. 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 research note on Wednesday, March 5th. Maxim Group lowered their price target on shares of Beyond from $26.00 to $16.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Jefferies Financial Group reduced their price objective on shares of Beyond from $7.25 to $6.50 and set a "hold" rating for the company in a research note on Monday. Wedbush restated an "outperform" rating and issued a $15.00 target price on shares of Beyond in a research note on Wednesday, February 5th. Finally, Argus lowered shares of Beyond from a "hold" rating to a "sell" rating in a report on Wednesday, December 18th.

Beyond Stock Down 0.6 %

Shares of NYSE BYON traded down $0.04 during midday trading on Friday, reaching $5.37. 2,975,184 shares of the company's stock traded hands, compared to its average volume of 3,420,269. The company has a market cap of $285.12 million, a price-to-earnings ratio of -0.73 and a beta of 3.91. The stock's 50 day simple moving average is $7.04 and its 200-day simple moving average is $7.65. 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 has a one year low of $4.45 and a one year high of $37.10.

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

Institutional Investors Weigh In On Beyond

Several institutional investors and hedge funds have recently made changes to their positions in BYON. Entropy Technologies LP acquired a new position in shares of Beyond in the third quarter valued at about $289,000. Aptus Capital Advisors LLC increased its holdings in Beyond by 25.0% in the 3rd quarter. Aptus Capital Advisors LLC now owns 151,053 shares of the company's stock worth $1,523,000 after buying an additional 30,196 shares during the period. OneDigital Investment Advisors LLC purchased a new position in Beyond during the 3rd quarter worth approximately $116,000. Royce & Associates LP raised its position in Beyond by 57.8% during the 3rd quarter. Royce & Associates LP now owns 845,977 shares of the company's stock worth $8,527,000 after buying an additional 309,810 shares during the last quarter. Finally, Quest Partners LLC lifted its stake in Beyond by 183.1% during the 3rd quarter. Quest Partners LLC now owns 18,153 shares of the company's stock valued at $183,000 after acquiring an additional 11,740 shares during the period. 76.30% of the stock is currently owned by institutional investors and hedge funds.

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.