Needham & Company LLC Reiterates "Hold" Rating for Beyond (NYSE:BYON)

Beyond (NYSE:BYON - Get Free Report)'s stock had its "hold" rating restated by Needham & Company LLC in a research note issued on Wednesday,Benzinga reports.

A number of other analysts also recently commented on BYON. Maxim Group dropped their price target on shares of Beyond from $26.00 to $16.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Wedbush reissued an "outperform" rating and issued a $15.00 price objective on shares of Beyond in a research note on Tuesday, April 22nd. Barclays lowered their target price on Beyond from $8.00 to $7.00 and set an "equal weight" rating on the stock in a report on Thursday, January 9th. Finally, Jefferies Financial Group cut their price target on shares of Beyond from $6.50 to $5.00 and set a "hold" rating for the company in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Beyond presently has a consensus rating of "Hold" and an average price target of $9.14.

Beyond Stock Performance

Shares of BYON traded up $0.18 during midday trading on Wednesday, hitting $4.00. 3,010,027 shares of the stock traded hands, compared to its average volume of 2,678,700. The business's 50 day moving average price is $4.79 and its two-hundred day moving average price is $6.08. The firm has a market capitalization of $220.88 million, a PE ratio of -0.54 and a beta of 4.09. 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 1-year low of $3.54 and a 1-year high of $22.65.

Beyond (NYSE:BYON - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The company reported ($0.42) EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $288.13 million. During the same quarter last year, the business earned ($1.22) earnings per share. Beyond's revenue was down 39.4% compared to the same quarter last year. Equities research analysts predict that Beyond will post -3.75 EPS for the current fiscal year.

Insider Activity

In related news, Chairman Marcus Lemonis purchased 19,193 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $5.03 per share, with a total value of $96,540.79. Following the completion of the purchase, the chairman now owns 456,151 shares of the company's stock, valued at $2,294,439.53. The trade was a 4.39 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Beyond

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC acquired a new stake in Beyond in the fourth quarter valued at approximately $30,000. Canada Pension Plan Investment Board bought a new stake in Beyond in the fourth quarter worth $32,000. R Squared Ltd acquired a new position in Beyond during the fourth quarter worth $32,000. Skandinaviska Enskilda Banken AB publ raised its holdings in 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 buying an additional 2,678 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Beyond in the fourth quarter worth about $39,000. 76.30% of the stock is owned by hedge funds and other institutional investors.

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.