Beyond (NYSE:BYON - Get Free Report)'s stock had its "outperform" rating reissued by equities research analysts at Wedbush in a report released on Tuesday,RTT News reports. They currently have a $15.00 price objective on the stock. Wedbush's price objective would indicate a potential upside of 265.85% from the stock's previous close.
A number of other equities research analysts also recently issued reports on BYON. Needham & Company LLC downgraded shares of Beyond from a "buy" rating to a "hold" rating and set a $9.00 price objective for the company. in a research report on Wednesday, March 5th. Barclays lowered their price objective on Beyond from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 9th. Maxim Group reduced their target price on shares of Beyond from $26.00 to $16.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Finally, Jefferies Financial Group cut their price objective on shares of Beyond from $7.25 to $6.50 and set a "hold" rating for the company in a report on Monday, March 10th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Beyond currently has a consensus rating of "Hold" and a consensus target price of $9.64.
Read Our Latest Report on Beyond
Beyond Stock Down 2.6 %
Shares of BYON traded down $0.11 during trading hours on Tuesday, reaching $4.10. The stock had a trading volume of 1,295,317 shares, compared to its average volume of 2,638,628. The company has a market capitalization of $226.41 million, a price-to-earnings ratio of -0.55 and a beta of 4.09. The firm has a 50-day simple moving average of $5.17 and a 200 day simple moving average of $6.26. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 0.17. Beyond has a 12 month low of $3.54 and a 12 month high of $22.65.
Beyond (NYSE:BYON - Get Free Report) last posted its earnings results on Monday, February 24th. The company reported ($0.91) EPS for the quarter, missing the consensus estimate of ($0.74) by ($0.17). The business had revenue of $303.15 million for the quarter, compared to the consensus estimate of $337.96 million. Beyond had a negative return on equity of 69.32% and a negative net margin of 22.82%. Equities research analysts predict that Beyond will post -3.75 earnings per share for the current fiscal year.
Insider Buying and Selling at Beyond
In other Beyond news, Chairman Marcus Lemonis purchased 19,193 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was purchased at an average price of $5.03 per share, for a total transaction of $96,540.79. Following the transaction, the chairman now owns 456,151 shares in the company, valued at $2,294,439.53. The trade was a 4.39 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.60% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of BYON. Bank of New York Mellon Corp increased its holdings in shares of Beyond by 1.0% in the 4th quarter. Bank of New York Mellon Corp now owns 136,405 shares of the company's stock worth $672,000 after buying an additional 1,292 shares during the last quarter. Franklin Resources Inc. increased its stake in Beyond by 12.8% in the third quarter. Franklin Resources Inc. now owns 21,299 shares of the company's stock valued at $217,000 after acquiring an additional 2,411 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its position 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 purchasing an additional 2,678 shares in the last quarter. Dupree Financial Group LLC lifted its stake in Beyond by 4.6% during the fourth quarter. Dupree Financial Group LLC now owns 94,149 shares of the company's stock worth $464,000 after purchasing an additional 4,107 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position 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 valued at $250,000 after purchasing an additional 4,418 shares during the last quarter. 76.30% of the stock is currently owned by institutional investors.
Beyond Company Profile
(
Get Free Report)
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.
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