Beyond (NYSE:BYON) Given Outperform Rating at Wedbush

Beyond (NYSE:BYON - Get Free Report)'s stock had its "outperform" rating restated by equities research analysts at Wedbush in a research report issued to clients and investors on Tuesday,RTT News reports. They currently have a $15.00 price target on the stock. Wedbush's price target suggests a potential upside of 260.58% from the company's current price.

BYON has been the subject of several other research reports. Barclays cut their price target on Beyond from $8.00 to $7.00 and set an "equal weight" rating for the company in a research note on Thursday, January 9th. Jefferies Financial Group cut their price target on Beyond from $7.25 to $6.50 and set a "hold" rating for the company in a research note on Monday, March 10th. Maxim Group cut their price target on Beyond from $26.00 to $16.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Finally, Needham & Company LLC downgraded Beyond from a "buy" rating to a "hold" rating and set a $9.00 price target for the company. in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Beyond has a consensus rating of "Hold" and a consensus target price of $9.64.

Beyond Price Performance

Beyond stock traded up $0.06 during midday trading on Tuesday, reaching $4.16. The company's stock had a trading volume of 3,913,740 shares, compared to its average volume of 2,644,512. Beyond has a fifty-two week low of $3.54 and a fifty-two week high of $22.65. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.91 and a current ratio of 0.97. The stock's 50 day simple moving average is $5.08 and its 200 day simple moving average is $6.20. The firm has a market capitalization of $229.72 million, a PE ratio of -0.56 and a beta of 4.09.

Beyond (NYSE:BYON - Get Free Report) last released its earnings results on Monday, April 28th. The company reported ($0.42) EPS for the quarter, beating analysts' consensus estimates of ($0.67) by $0.25. Beyond had a negative return on equity of 69.32% and a negative net margin of 22.82%. On average, equities research analysts forecast that Beyond will post -3.75 earnings per share for the current year.

Insider Activity at Beyond

In other Beyond news, Chairman Marcus Lemonis purchased 19,193 shares of the stock in a transaction on 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 acquisition, the chairman now directly owns 456,151 shares of the company's stock, valued at $2,294,439.53. This represents a 4.39 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 1.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Beyond

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp grew its holdings in Beyond by 1.0% in 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 period. Franklin Resources Inc. grew its holdings in Beyond by 12.8% in the 3rd quarter. Franklin Resources Inc. now owns 21,299 shares of the company's stock valued at $217,000 after buying an additional 2,411 shares during the period. Skandinaviska Enskilda Banken AB publ grew its holdings 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 buying an additional 2,678 shares during the period. Dupree Financial Group LLC grew its holdings in Beyond by 4.6% in the 4th quarter. Dupree Financial Group LLC now owns 94,149 shares of the company's stock valued at $464,000 after buying an additional 4,107 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Beyond by 9.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 50,805 shares of the company's stock worth $250,000 after purchasing an additional 4,418 shares during the period. 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.