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

Beyond, Inc. (NYSE:BYON - Get Free Report) has been given an average recommendation of "Hold" by the eight research firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $9.64.

Several equities research analysts have weighed in on BYON shares. Maxim Group dropped their target price on Beyond from $26.00 to $16.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Needham & Company LLC lowered shares of Beyond from a "buy" rating to a "hold" rating and set a $9.00 target price for the company. in a research note on Wednesday, March 5th. Argus cut Beyond from a "hold" rating to a "sell" rating in a report on Wednesday, December 18th. Jefferies Financial Group decreased their price objective on Beyond from $7.25 to $6.50 and set a "hold" rating for the company in a report on Monday, March 10th. Finally, Barclays cut their target price on Beyond from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 9th.

Beyond Stock Performance

Shares of NYSE BYON traded down $0.18 during midday trading on Wednesday, hitting $3.94. The company's stock had a trading volume of 3,511,753 shares, compared to its average volume of 2,599,633. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.91 and a current ratio of 0.97. Beyond has a 1-year low of $3.62 and a 1-year high of $30.59. The firm's fifty day moving average price is $6.69 and its 200-day moving average price is $6.94. The firm has a market cap of $217.57 million, a P/E ratio of -0.53 and a beta of 4.09.

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Beyond (NYSE:BYON - Get Free Report) last issued its 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). The company had revenue of $303.15 million during the quarter, compared to analyst estimates of $337.96 million. Beyond had a negative net margin of 22.82% and a negative return on equity of 69.32%. On average, sell-side analysts forecast that Beyond will post -3.75 EPS for the current fiscal year.

Insider Activity

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 price of $5.03 per share, with a total value of $96,540.79. Following the completion of the purchase, the chairman now directly owns 456,151 shares of the company's stock, valued at $2,294,439.53. This represents a 4.39 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 1.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Beyond

Hedge funds and other institutional investors have recently bought and sold shares of the business. Fire Capital Management LLC acquired a new position in shares of Beyond in the 4th quarter worth approximately $726,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Beyond by 18.1% during the fourth 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 buying an additional 17,810 shares in the last quarter. Two Sigma Advisers LP grew its position in Beyond by 362.8% in the fourth quarter. Two Sigma Advisers LP now owns 901,500 shares of the company's stock worth $4,444,000 after buying an additional 706,700 shares during the last quarter. Two Sigma Investments LP increased its holdings in shares of Beyond by 75.1% in the fourth quarter. Two Sigma Investments LP now owns 916,178 shares of the company's stock valued at $4,517,000 after buying an additional 392,977 shares in the last quarter. Finally, Tidal Investments LLC lifted its position in shares of Beyond by 140.4% during the 4th quarter. Tidal Investments LLC now owns 2,406,746 shares of the company's stock valued at $11,865,000 after acquiring an additional 1,405,770 shares during the last quarter. 76.30% of the stock is currently owned by institutional investors.

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.