Brokerages Set Beyond, Inc. (NYSE:BYON) Target Price at $10.29

Shares of Beyond, Inc. (NYSE:BYON) have earned a consensus rating of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $9.64.

A number of research firms have recently commented on BYON. Wedbush reissued an “outperform” rating and issued a $15.00 target price on shares of Beyond in a report on Wednesday, February 5th. Argus downgraded shares of Beyond from a “hold” rating to a “sell” rating in a research note on Wednesday, December 18th. Needham & Company LLC cut shares of Beyond from a “buy” rating to a “hold” rating and set a $9.00 target price on the stock. in a research note on Wednesday, March 5th. Jefferies Financial Group lowered their price target on shares of Beyond from $7.25 to $6.50 and set a “hold” rating for the company in a report on Monday, March 10th. Finally, Maxim Group reduced their price objective on Beyond from $26.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th.

Insiders Place Their Bets

In other Beyond news, Chairman Marcus Lemonis purchased 19,193 shares of the company’s stock in a transaction that occurred on 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 transaction, the chairman now owns 456,151 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Beyond

Several institutional investors have recently modified their holdings of BYON. Bank of New York Mellon Corp increased its holdings in Beyond by 1.0% during the fourth quarter. Bank of New York Mellon Corp now owns 136,405 shares of the company’s stock worth $672,000 after buying an additional 1,292 shares during the last quarter. Franklin Resources Inc. grew 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 acquiring an additional 2,411 shares during the period. Skandinaviska Enskilda Banken AB publ increased its stake in shares of 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 purchasing an additional 2,678 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Beyond by 25.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,127 shares of the company’s stock worth $152,000 after purchasing an additional 3,059 shares during the period. Finally, Dupree Financial Group LLC lifted its stake in Beyond by 4.6% in the fourth quarter. Dupree Financial Group LLC now owns 94,149 shares of the company’s stock valued at $464,000 after purchasing an additional 4,107 shares during the last quarter. 76.30% of the stock is owned by institutional investors.

Beyond Trading Up 11.8 %

Shares of NYSE:BYON opened at $5.64 on Friday. The business’s 50 day simple moving average is $7.04 and its 200 day simple moving average is $7.54. Beyond has a 1 year low of $4.45 and a 1 year high of $37.10. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.91. The company has a market capitalization of $299.47 million, a P/E ratio of -0.76 and a beta of 3.91.

Beyond (NYSE:BYON) last posted its quarterly earnings data on Monday, February 24th. The company reported ($0.91) earnings per share for the quarter, missing the consensus estimate of ($0.74) by ($0.17). The firm had revenue of $303.15 million for 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%. On average, research analysts anticipate that Beyond will post -3.75 EPS 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.