Brokerages Set Beyond, Inc. (NYSE:BYON) Target Price at $9.64

Shares of Beyond, Inc. (NYSE:BYON - Get Free Report) have been given an average rating of "Hold" by the eight research firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $9.14.

Several equities analysts recently weighed in on the stock. Jefferies Financial Group cut their price objective on shares of Beyond from $6.50 to $5.00 and set a "hold" rating on the stock in a research report on Tuesday. Barclays reduced their price objective on Beyond from $7.00 to $5.00 and set an "equal weight" rating for the company in a research report on Wednesday. Wedbush restated an "outperform" rating and issued a $15.00 price target on shares of Beyond in a research report on Tuesday, April 22nd. Maxim Group cut their price target on Beyond from $26.00 to $16.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Beyond in a research note on Wednesday.

Insider Transactions at Beyond

In other news, Chairman Marcus Lemonis bought 19,193 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $5.03 per share, for a total transaction of $96,540.79. Following the completion of the transaction, the chairman now directly owns 456,151 shares in the company, valued at $2,294,439.53. The trade was a 4.39 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.60% of the company's stock.

Institutional Trading of Beyond

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its stake in shares of Beyond by 12.8% during the third quarter. Franklin Resources Inc. now owns 21,299 shares of the company's stock worth $217,000 after buying an additional 2,411 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Beyond by 34.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 389,694 shares of the company's stock valued at $3,928,000 after acquiring an additional 100,335 shares during the last quarter. O Keefe Stevens Advisory Inc. lifted its stake in shares of Beyond by 53.9% in the 4th quarter. O Keefe Stevens Advisory Inc. now owns 30,009 shares of the company's stock valued at $148,000 after purchasing an additional 10,505 shares during the period. ARS Investment Partners LLC boosted its position in shares of Beyond by 62.2% in the 4th quarter. ARS Investment Partners LLC now owns 106,873 shares of the company's stock worth $527,000 after purchasing an additional 41,000 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Beyond during the fourth quarter worth $67,000. 76.30% of the stock is owned by institutional investors.

Beyond Stock Down 4.8 %

NYSE:BYON traded down $0.20 on Friday, hitting $3.95. 1,726,990 shares of the company's stock traded hands, compared to its average volume of 2,658,977. The firm has a 50-day moving average price of $4.99 and a 200-day moving average price of $6.18. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 0.17. The company has a market cap of $218.12 million, a PE ratio of -0.53 and a beta of 4.09. Beyond has a 1 year low of $3.54 and a 1 year high of $22.65.

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