Beyond's (BYON) Outperform Rating Reiterated at Wedbush

Wedbush reiterated their outperform rating on shares of Beyond (NYSE:BYON - Free Report) in a research note published on Tuesday,RTT News reports. Wedbush currently has a $15.00 price objective on the stock.

Other equities research analysts also recently issued research reports about the company. Jefferies Financial Group cut their price objective on Beyond from $7.25 to $6.50 and set a "hold" rating on the stock in a report on Monday, March 10th. Barclays reduced their price target on Beyond from $8.00 to $7.00 and set an "equal weight" rating on the stock in a report on Thursday, January 9th. 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. Finally, Maxim Group reduced their target price 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. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $9.64.

Beyond Trading Up 2.8 %

Shares of BYON stock opened at $4.01 on Tuesday. 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 fifty-two week low of $3.54 and a fifty-two week high of $24.25. The company has a market cap of $221.44 million, a PE ratio of -0.54 and a beta of 4.09. The stock's fifty day moving average price is $5.46 and its two-hundred day moving average price is $6.39.

Beyond (NYSE:BYON - Get Free Report) last posted 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 the consensus estimate of $337.96 million. Beyond had a negative return on equity of 69.32% and a negative net margin of 22.82%. Equities analysts predict that Beyond will post -3.75 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Chairman Marcus Lemonis acquired 19,193 shares of Beyond stock in a transaction dated Thursday, March 13th. The shares were bought at an average cost of $5.03 per share, with a total value of $96,540.79. Following the purchase, the chairman now owns 456,151 shares in the company, valued at $2,294,439.53. This trade represents a 4.39 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.60% of the company's stock.

Hedge Funds Weigh In On Beyond

A number of hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in Beyond by 1.0% during the 4th quarter. Bank of New York Mellon Corp now owns 136,405 shares of the company's stock worth $672,000 after acquiring an additional 1,292 shares during the period. Franklin Resources Inc. boosted its position in shares of Beyond by 12.8% during the 3rd quarter. Franklin Resources Inc. now owns 21,299 shares of the company's stock valued at $217,000 after purchasing an additional 2,411 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its stake in 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 during the period. Dupree Financial Group LLC grew its stake in Beyond by 4.6% during the fourth quarter. Dupree Financial Group LLC now owns 94,149 shares of the company's stock worth $464,000 after purchasing an additional 4,107 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Beyond by 9.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 50,805 shares of the company's stock valued at $250,000 after buying an additional 4,418 shares during the period. Institutional investors own 76.30% of the company's stock.

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.

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