Beyond, Inc. (NYSE:BYON) Given Consensus Rating of “Hold” by Brokerages

Beyond, Inc. (NYSE:BYON) has earned an average recommendation of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $9.64.

BYON has been the topic of several research reports. Argus downgraded shares of Beyond from a “hold” rating to a “sell” rating in a research note on Wednesday, December 18th. Maxim Group decreased their target price on shares of Beyond from $26.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Wedbush restated an “outperform” rating and issued a $15.00 price target on shares of Beyond in a research report on Wednesday, March 19th. Needham & Company LLC downgraded Beyond from a “buy” rating to a “hold” rating and set a $9.00 price objective on the stock. in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group dropped their target price on Beyond from $7.25 to $6.50 and set a “hold” rating for the company in a report on Monday, March 10th.

Insider Activity

In related news, Chairman Marcus Lemonis acquired 19,193 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of $5.03 per share, with a total value of $96,540.79. Following the completion of the transaction, the chairman now 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Beyond

Several large investors have recently bought and sold shares of the stock. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Beyond during the fourth quarter worth about $30,000. Canada Pension Plan Investment Board acquired a new stake in Beyond in the fourth quarter valued at approximately $32,000. R Squared Ltd purchased a new position in Beyond in the fourth quarter worth approximately $32,000. Skandinaviska Enskilda Banken AB publ grew its holdings in Beyond by 68.4% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 6,592 shares of the company’s stock worth $32,000 after acquiring an additional 2,678 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC purchased a new stake in shares of Beyond in the 3rd quarter valued at approximately $80,000. Hedge funds and other institutional investors own 76.30% of the company’s stock.

Beyond Trading Down 13.9 %

NYSE:BYON opened at $4.99 on Wednesday. The firm has a 50 day moving average of $6.87 and a 200 day moving average of $7.08. 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 has a 52 week low of $4.45 and a 52 week high of $35.07. The stock has a market capitalization of $275.06 million, a price-to-earnings ratio of -0.68 and a beta of 3.91.

Beyond (NYSE:BYON) last posted its 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). Beyond had a negative net margin of 22.82% and a negative return on equity of 69.32%. The business had revenue of $303.15 million for the quarter, compared to analyst estimates of $337.96 million. As a group, sell-side analysts anticipate that Beyond will post -3.75 earnings per share for the current fiscal year.

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.