Beyond (NYSE:BYON) Earns "Outperform" Rating from Wedbush

Beyond (NYSE:BYON - Get Free Report)'s stock had its "outperform" rating restated by Wedbush in a note issued to investors on Wednesday,RTT News reports. They presently have a $15.00 price objective on the stock. Wedbush's price target would indicate a potential upside of 71.12% from the company's previous close. Wedbush also issued estimates for Beyond's Q4 2024 earnings at ($0.64) EPS, FY2024 earnings at ($3.57) EPS, Q1 2025 earnings at ($0.64) EPS, Q2 2025 earnings at ($0.38) EPS, Q3 2025 earnings at ($0.76) EPS, Q4 2025 earnings at ($0.36) EPS, FY2025 earnings at ($2.13) EPS and FY2026 earnings at ($1.65) EPS.

Several other equities research analysts also recently weighed in on BYON. Argus downgraded shares of Beyond from a "hold" rating to a "sell" rating in a research report on Wednesday, December 18th. Needham & Company LLC reiterated a "buy" rating and issued a $13.00 target price on shares of Beyond in a research note on Wednesday, October 23rd. Barclays reduced their price objective on Beyond from $8.00 to $7.00 and set an "equal weight" rating for the company in a research report on Thursday, January 9th. Maxim Group cut their price objective on shares of Beyond from $33.00 to $26.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. Finally, Bank of America lowered shares of Beyond from a "neutral" rating to an "underperform" rating and decreased their target price for the company from $12.50 to $6.00 in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $12.29.

Beyond Stock Down 1.9 %

BYON stock traded down $0.17 during trading on Wednesday, reaching $8.77. The stock had a trading volume of 3,104,037 shares, compared to its average volume of 3,495,578. Beyond has a 1-year low of $4.45 and a 1-year high of $37.10. The company has a market capitalization of $403.67 million, a P/E ratio of -1.19 and a beta of 3.81. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 0.17. The firm has a fifty day moving average price of $6.21 and a 200 day moving average price of $8.20.

Hedge Funds Weigh In On Beyond

Several large investors have recently made changes to their positions in the business. State Street Corp lifted its stake in Beyond by 0.9% during the third quarter. State Street Corp now owns 1,016,563 shares of the company's stock valued at $10,247,000 after purchasing an additional 8,580 shares during the last quarter. Royce & Associates LP increased its holdings in shares of Beyond by 57.8% in the third quarter. Royce & Associates LP now owns 845,977 shares of the company's stock valued at $8,527,000 after buying an additional 309,810 shares in 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 acquiring an additional 51,763 shares during the last quarter. JPMorgan Chase & Co. boosted 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 acquiring an additional 100,335 shares in the last quarter. Finally, SRN Advisors LLC grew its holdings in shares of Beyond by 164.5% in the 4th quarter. SRN Advisors LLC now owns 320,001 shares of the company's stock worth $1,578,000 after acquiring an additional 199,000 shares during the last quarter. 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.