Beyond, Inc. (NYSE:BYON) Given Average Recommendation of "Hold" by Analysts

Beyond, Inc. (NYSE:BYON - Get Free Report) has received an average rating of "Hold" from the eight research firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $9.14.

BYON has been the subject of a number of analyst reports. Jefferies Financial Group reduced their target price on shares of Beyond from $6.50 to $5.00 and set a "hold" rating for the company in a research note on Tuesday, April 29th. Needham & Company LLC reaffirmed a "hold" rating on shares of Beyond in a research note on Wednesday, April 30th. Barclays reduced their price target on shares of Beyond from $7.00 to $5.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Finally, Wedbush raised shares of Beyond to a "strong-buy" rating in a research note on Tuesday, July 1st.

Institutional Trading of Beyond

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Beyond by 68.4% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 6,592 shares of the company's stock valued at $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 during the fourth quarter valued at approximately $32,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Beyond by 104.2% during the first quarter. Caitong International Asset Management Co. Ltd now owns 5,531 shares of the company's stock valued at $32,000 after acquiring an additional 2,823 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Beyond during the fourth quarter valued at approximately $39,000. Finally, Pingora Partners LLC acquired a new stake in shares of Beyond during the fourth quarter valued at approximately $41,000. 76.30% of the stock is owned by institutional investors and hedge funds.

Beyond Trading Down 2.5%

Beyond stock traded down $0.20 during midday trading on Friday, reaching $7.58. 2,451,553 shares of the stock traded hands, compared to its average volume of 2,760,156. The firm has a fifty day moving average price of $6.42 and a two-hundred day moving average price of $6.06. The firm has a market cap of $437.45 million, a price-to-earnings ratio of -1.63 and a beta of 3.25. Beyond has a fifty-two week low of $3.54 and a fifty-two week high of $15.44.

Beyond (NYSE:BYON - Get Free Report) last posted its earnings results on Monday, April 28th. The company reported ($0.42) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.67) by $0.25. The firm had revenue of $231.75 million during the quarter, compared to analyst estimates of $288.13 million. Beyond had a negative net margin of 18.06% and a negative return on equity of 77.61%. Beyond's revenue was down 39.4% on a year-over-year basis. During the same period in the previous year, the business posted ($1.22) EPS. Analysts anticipate 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.