Beyond, Inc. (NYSE:BYON) Receives $9.14 Average PT from Brokerages

Shares of Beyond, Inc. (NYSE:BYON - Get Free Report) have been given a consensus rating of "Hold" by the eight ratings firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $9.14.

BYON has been the topic of several research analyst reports. Wedbush restated an "outperform" rating and issued a $15.00 price objective on shares of Beyond in a research report on Tuesday, April 22nd. Jefferies Financial Group decreased 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. Maxim Group dropped their target price on Beyond from $26.00 to $16.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Barclays reduced their price target on shares of Beyond from $7.00 to $5.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. Finally, Needham & Company LLC restated a "hold" rating on shares of Beyond in a report on Wednesday, April 30th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its holdings in Beyond by 1.0% during the 4th quarter. Bank of New York Mellon Corp now owns 136,405 shares of the company's stock valued at $672,000 after buying an additional 1,292 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its position in Beyond by 68.4% in the 4th 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 in the last quarter. Caitong International Asset Management Co. Ltd grew its position in Beyond by 104.2% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 5,531 shares of the company's stock worth $32,000 after purchasing an additional 2,823 shares during the period. Avantax Advisory Services Inc. lifted its stake in shares of Beyond by 21.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 18,655 shares of the company's stock worth $108,000 after purchasing an additional 3,304 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Beyond by 9.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 50,805 shares of the company's stock valued at $250,000 after buying an additional 4,418 shares during the last quarter. Institutional investors own 76.30% of the company's stock.

Beyond Trading Down 1.0%

Shares of BYON stock traded down $0.07 during trading hours on Monday, hitting $6.15. 1,590,545 shares of the company were exchanged, compared to its average volume of 2,716,768. Beyond has a 52-week low of $3.54 and a 52-week high of $15.44. The firm has a fifty day simple moving average of $5.29 and a 200 day simple moving average of $5.84. The stock has a market capitalization of $354.44 million, a price-to-earnings ratio of -1.32 and a beta of 3.29.

Beyond (NYSE:BYON - Get Free Report) last issued 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 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%. The company's quarterly revenue was down 39.4% on a year-over-year basis. During the same quarter last year, the business earned ($1.22) earnings per share. Sell-side analysts anticipate that Beyond will post -3.75 EPS 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.