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

Beyond, Inc. (NYSE:BYON - Get Free Report) has been given a consensus rating of "Hold" by the eight brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $9.14.

BYON has been the topic of a number of recent research reports. Maxim Group lowered their price objective on Beyond from $26.00 to $16.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Wedbush restated an "outperform" rating and set a $15.00 price objective on shares of Beyond in a research note on Tuesday, April 22nd. Barclays lowered their price objective on Beyond from $7.00 to $5.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. Jefferies Financial Group lowered their price objective on Beyond from $6.50 to $5.00 and set a "hold" rating on the stock in a research note on Tuesday, April 29th. Finally, Needham & Company LLC restated a "hold" rating on shares of Beyond in a research note on Wednesday, April 30th.

Insider Transactions at Beyond

In related news, Chairman Marcus Lemonis bought 19,193 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average cost of $5.03 per share, for a total transaction of $96,540.79. Following the completion of the transaction, the chairman now owns 456,151 shares of the company's stock, valued at approximately $2,294,439.53. The trade was a 4.39% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.60% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kohmann Bosshard Financial Services LLC purchased a new stake in Beyond during the fourth quarter valued at about $30,000. Skandinaviska Enskilda Banken AB publ lifted its holdings in Beyond by 68.4% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 6,592 shares of the company's stock worth $32,000 after buying an additional 2,678 shares during the period. R Squared Ltd purchased a new stake in Beyond in the fourth quarter worth about $32,000. Canada Pension Plan Investment Board purchased a new stake in Beyond in the fourth quarter worth about $32,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in Beyond by 104.2% in the first quarter. Caitong International Asset Management Co. Ltd now owns 5,531 shares of the company's stock worth $32,000 after buying an additional 2,823 shares during the period. 76.30% of the stock is currently owned by hedge funds and other institutional investors.

Beyond Stock Performance

Shares of NYSE BYON traded up $0.93 during trading hours on Thursday, reaching $6.58. 3,416,018 shares of the stock were exchanged, compared to its average volume of 2,676,958. The firm has a market capitalization of $379.53 million, a price-to-earnings ratio of -0.89 and a beta of 3.23. 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 has a 52 week low of $3.54 and a 52 week high of $16.50. The stock's fifty day simple moving average is $4.71 and its 200 day simple moving average is $5.80.

Beyond (NYSE:BYON - Get Free Report) last announced its earnings results on Monday, April 28th. The company reported ($0.42) earnings per share for the quarter, topping analysts' consensus estimates of ($0.67) by $0.25. The company had revenue of $231.75 million for the quarter, compared to analyst estimates of $288.13 million. Beyond had a negative return on equity of 69.32% and a negative net margin of 22.82%. The firm's quarterly revenue was down 39.4% compared to the same quarter last year. During the same quarter last year, the company earned ($1.22) earnings per share. Sell-side analysts predict that Beyond will post -3.75 EPS for the current year.

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.