Brokerages Set Beyond, Inc. (NYSE:BYON) Target Price at $9.14

Shares of Beyond, Inc. (NYSE:BYON - Get Free Report) have been assigned an average recommendation of "Hold" from the eight research firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $9.14.

Several brokerages have commented on BYON. Barclays cut their target price on Beyond from $7.00 to $5.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Wedbush raised shares of Beyond to a "strong-buy" rating in a research report on Tuesday, July 1st. Needham & Company LLC reaffirmed a "hold" rating on shares of Beyond in a research report on Wednesday, April 30th. Finally, Jefferies Financial Group reduced their price objective on shares of Beyond from $6.50 to $5.00 and set a "hold" rating for the company in a research report on Tuesday, April 29th.

Beyond Price Performance

Shares of NYSE BYON traded down $0.28 during mid-day trading on Friday, hitting $7.79. 1,626,773 shares of the stock traded hands, compared to its average volume of 2,768,741. Beyond has a twelve month low of $3.54 and a twelve month high of $15.44. The company has a market cap of $449.33 million, a PE ratio of -1.67 and a beta of 3.25. The firm has a 50 day simple moving average of $6.27 and a two-hundred day simple moving average of $6.01.

Beyond (NYSE:BYON - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The company reported ($0.42) earnings per share for the quarter, beating the consensus estimate of ($0.67) by $0.25. Beyond had a negative return on equity of 77.61% and a negative net margin of 18.06%. The company had revenue of $231.75 million for the quarter, compared to the consensus estimate of $288.13 million. During the same quarter last year, the business posted ($1.22) EPS. Beyond's revenue for the quarter was down 39.4% on a year-over-year basis. On average, equities research analysts anticipate that Beyond will post -3.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Beyond

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Strs Ohio purchased a new stake in shares of Beyond in the first quarter worth $151,000. Murchinson Ltd. increased its stake in Beyond by 66.7% in the first quarter. Murchinson Ltd. now owns 100,000 shares of the company's stock valued at $580,000 after acquiring an additional 40,000 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Beyond by 30.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 66,512 shares of the company's stock valued at $386,000 after acquiring an additional 15,707 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Beyond by 217.4% during the 1st quarter. AQR Capital Management LLC now owns 131,501 shares of the company's stock valued at $763,000 after purchasing an additional 90,076 shares during the last quarter. Finally, PDT Partners LLC purchased a new position in shares of Beyond in the first quarter worth about $642,000. Hedge funds and other institutional investors own 76.30% of the company's stock.

About Beyond

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.