Beyond (NYSE:BYON) Receives “Outperform” Rating from Wedbush

Wedbush restated their outperform rating on shares of Beyond (NYSE:BYON) in a research report released on Wednesday,RTT News reports. They currently have a $15.00 target price on the stock.

BYON has been the subject of several other research reports. Argus downgraded shares of Beyond from a “hold” rating to a “sell” rating in a research report on Wednesday, December 18th. Maxim Group lowered their price objective on shares of Beyond from $26.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. Barclays lowered their price objective on shares of Beyond from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Thursday, January 9th. Needham & Company LLC downgraded shares of Beyond from a “buy” rating to a “hold” rating and set a $9.00 price objective for the company. in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group lowered their price objective on shares of Beyond from $7.25 to $6.50 and set a “hold” rating for the company in a research report on Monday, March 10th. 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 company’s stock. According to data from MarketBeat.com, Beyond presently has an average rating of “Hold” and an average target price of $9.64.

Beyond Price Performance

BYON opened at $5.08 on Wednesday. The company has a 50-day moving average of $6.99 and a 200-day moving average of $7.42. The company has a market capitalization of $269.71 million, a P/E ratio of -0.69 and a beta of 3.91. 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 quick ratio of 0.91 and a current ratio of 0.97.

Beyond (NYSE:BYON) last released its earnings results 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 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 expect that Beyond will post -3.75 EPS for the current fiscal year.

Insider Buying and Selling at Beyond

In other news, Chairman Marcus Lemonis bought 19,193 shares of Beyond stock in a transaction on Thursday, March 13th. The stock was purchased at an average cost of $5.03 per share, with a total value of $96,540.79. Following the purchase, the chairman now directly owns 456,151 shares of the company’s stock, valued at approximately $2,294,439.53. This trade represents a 4.39 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BYON. Kohmann Bosshard Financial Services LLC acquired a new position in Beyond during the 4th quarter valued at about $30,000. R Squared Ltd acquired a new stake in shares of Beyond in the 4th quarter worth approximately $32,000. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Beyond by 68.4% in 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 during the period. Canada Pension Plan Investment Board acquired a new stake in shares of Beyond in the 4th quarter worth approximately $32,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Beyond in the 4th quarter worth approximately $39,000. 76.30% of the stock is owned by institutional investors and hedge funds.

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.