Beyond (NYSE:BYON) Price Target Lowered to $6.50 at Jefferies Financial Group

Beyond (NYSE:BYON - Get Free Report) had its price objective decreased by Jefferies Financial Group from $7.25 to $6.50 in a report issued on Monday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. Jefferies Financial Group's price target would suggest a potential upside of 29.10% from the company's current price.

BYON has been the topic of a number of other research reports. Wedbush reissued an "outperform" rating and issued a $15.00 price objective on shares of Beyond in a research note on Wednesday, February 5th. Maxim Group dropped 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. Needham & Company LLC cut shares of Beyond from a "buy" rating to a "hold" rating and set a $9.00 price target on the stock. in a research note on Wednesday, March 5th. Barclays dropped 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 report on Thursday, January 9th. Finally, Argus cut Beyond from a "hold" rating to a "sell" rating in a research note on Wednesday, December 18th. 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's stock. Based on data from MarketBeat.com, Beyond presently has a consensus rating of "Hold" and a consensus target price of $9.64.

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Beyond Stock Down 5.4 %

Shares of NYSE:BYON traded down $0.29 on Monday, reaching $5.04. The company had a trading volume of 2,879,192 shares, compared to its average volume of 3,383,398. The stock has a market capitalization of $267.59 million, a P/E ratio of -0.68 and a beta of 3.91. The stock has a 50-day moving average price of $7.05 and a 200 day moving average price of $7.60. Beyond has a twelve month low of $4.45 and a twelve month high of $37.10. 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 (NYSE:BYON - Get Free Report) last posted its earnings results on Monday, February 24th. The company reported ($0.91) earnings per share for the quarter, missing analysts' consensus estimates of ($0.74) by ($0.17). The business had revenue of $303.15 million during 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, equities analysts expect that Beyond will post -3.75 EPS for the current year.

Insider Activity at Beyond

In other Beyond news, Chairman Marcus Lemonis purchased 19,193 shares of the stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $5.03 per share, for a total transaction of $96,540.79. Following the completion of the acquisition, the chairman now directly owns 456,151 shares of the company's stock, valued at $2,294,439.53. The trade was a 4.39 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Beyond

Institutional investors and hedge funds have recently modified their holdings of the business. Kohmann Bosshard Financial Services LLC bought a new position in Beyond in the fourth quarter valued at approximately $30,000. Canada Pension Plan Investment Board acquired a new stake in shares of Beyond during the fourth quarter worth $32,000. R Squared Ltd bought a new stake in Beyond in the 4th quarter valued at $32,000. Skandinaviska Enskilda Banken AB publ boosted its stake in Beyond by 68.4% in the 4th 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 during the period. Finally, Safe Harbor Fiduciary LLC bought a new position in Beyond during the 3rd quarter worth about $80,000. 76.30% of the stock is currently owned by institutional investors and hedge funds.

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.