Beyond, Inc. (NYSE:BYON) Given Average Rating of "Hold" by Brokerages

Key Points

• Beyond, Inc. (NYSE:BYON) has received a consensus recommendation of “Hold” from eight brokerages, with two sell, four hold, and two buy ratings.
• The current average 12-month target price for Beyond shares is $8.86, following varied adjustments from brokerages.
• Despite a recent decline of 2.8% in share price, Beyond reported better-than-expected earnings per share for the last quarter, with a revenue of $282.25 million, exceeding analyst expectations.

Shares of Beyond, Inc. (NYSE:BYON - Get Free Report) have earned a consensus recommendation of "Hold" from the eight research firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $8.8571.

A number of equities analysts recently issued reports on BYON shares. Wall Street Zen upgraded shares of Beyond from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Wedbush raised their target price on shares of Beyond from $10.00 to $13.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Barclays lowered their price target on shares of Beyond from $7.00 to $5.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Jefferies Financial Group cut their price objective on Beyond from $6.50 to $5.00 and set a "hold" rating on the stock in a report on Tuesday, April 29th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Beyond in a report on Tuesday, July 29th.

Institutional Trading of Beyond

Several institutional investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC raised its holdings in Beyond by 140.4% during the 4th quarter. Tidal Investments LLC now owns 2,406,746 shares of the company's stock worth $11,865,000 after purchasing an additional 1,405,770 shares during the last quarter. Geode Capital Management LLC increased its holdings in Beyond by 20.5% in the second quarter. Geode Capital Management LLC now owns 1,241,524 shares of the company's stock worth $8,543,000 after purchasing an additional 211,446 shares in the last quarter. Two Sigma Investments LP lifted its stake in Beyond by 75.1% in the fourth 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 during the period. 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 acquiring an additional 706,700 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Beyond by 26.4% during the fourth quarter. Invesco Ltd. now owns 796,445 shares of the company's stock valued at $3,926,000 after purchasing an additional 166,411 shares during the period. 76.30% of the stock is currently owned by institutional investors.

Beyond Trading Down 3.1%

BYON stock traded down $0.26 during trading hours on Tuesday, hitting $7.99. 904,712 shares of the stock were exchanged, compared to its average volume of 3,184,563. Beyond has a 12 month low of $3.54 and a 12 month high of $12.24. The firm has a market capitalization of $458.94 million, a P/E ratio of -1.95 and a beta of 2.76. The company has a 50-day simple moving average of $7.65 and a two-hundred day simple moving average of $6.47.

Beyond (NYSE:BYON - Get Free Report) last released its earnings results on Monday, July 28th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.37) by $0.15. Beyond had a negative return on equity of 78.27% and a negative net margin of 17.86%. The company had revenue of $282.25 million for the quarter, compared to analyst estimates of $250.37 million. During the same period in the prior year, the firm posted ($0.76) EPS. Beyond's quarterly revenue was down 29.1% on a year-over-year basis. On average, equities research analysts predict that Beyond will post -3.75 earnings per share for the current 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.