Wedbush reissued their outperform rating on shares of Beyond (NYSE:BYON - Free Report) in a research note released on Wednesday,RTT News reports. The brokerage currently has a $15.00 price target on the stock.
Several other analysts have also commented on BYON. Needham & Company LLC lowered shares of Beyond from a "buy" rating to a "hold" rating and set a $9.00 price target on the stock. in a research report on Wednesday, March 5th. Maxim Group cut their price target on Beyond from $26.00 to $16.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Jefferies Financial Group reduced their price target on Beyond from $7.25 to $6.50 and set a "hold" rating for the company in a report on Monday, March 10th. Barclays dropped their price objective on Beyond from $8.00 to $7.00 and set an "equal weight" rating on the stock in a report on Thursday, January 9th. Finally, Argus downgraded Beyond from a "hold" rating to a "sell" rating in a research note on Wednesday, December 18th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $9.64.
Check Out Our Latest Research Report on BYON
Beyond Stock Performance
Shares of BYON stock traded up $0.10 on Wednesday, hitting $5.12. The company had a trading volume of 3,088,913 shares, compared to its average volume of 2,468,109. 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. The firm has a market cap of $271.84 million, a P/E ratio of -0.69 and a beta of 3.91. The company has a 50-day moving average price of $6.95 and a 200-day moving average price of $7.34.
Beyond (NYSE:BYON - Get Free Report) last announced its quarterly earnings results on Monday, February 24th. The company reported ($0.91) earnings per share (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%. As a group, equities research analysts predict that Beyond will post -3.75 earnings per share for the current fiscal year.
Insider Transactions at Beyond
In other Beyond news, Chairman Marcus Lemonis purchased 19,193 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of $5.03 per share, with a total value of $96,540.79. Following the completion of the purchase, the chairman now owns 456,151 shares in the company, valued at approximately $2,294,439.53. This represents a 4.39 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.20% of the company's stock.
Institutional Trading of Beyond
Large investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Beyond by 18.1% in 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 valued at $574,000 after purchasing an additional 17,810 shares in the last quarter. Two Sigma Advisers LP boosted its stake in Beyond by 362.8% during 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 grew its holdings in Beyond by 75.1% in the 4th 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. Tidal Investments LLC increased its stake in shares of Beyond by 140.4% in the 4th quarter. Tidal Investments LLC now owns 2,406,746 shares of the company's stock worth $11,865,000 after acquiring an additional 1,405,770 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC purchased a new position in shares of Beyond during the 4th quarter worth $179,000. Hedge funds and other institutional investors own 76.30% of the company's stock.
Beyond Company Profile
(
Get Free Report)
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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