Beyond (NYSE:BYON) Rating Reiterated by Needham & Company LLC

Beyond (NYSE:BYONGet Free Report)‘s stock had its “hold” rating restated by investment analysts at Needham & Company LLC in a research report issued on Monday, Benzinga reports.

A number of other research firms have also recently weighed in on BYON. Compass Point started coverage on shares of Beyond in a report on Thursday, February 1st. They set a “buy” rating and a $45.00 price objective on the stock. Maxim Group cut their target price on shares of Beyond from $50.00 to $36.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Barclays cut their target price on shares of Beyond from $30.00 to $22.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 8th. Piper Sandler cut their target price on shares of Beyond from $26.00 to $17.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $37.00 target price on shares of Beyond in a report on Tuesday, May 14th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $32.83.

Check Out Our Latest Research Report on Beyond

Beyond Trading Down 3.1 %

BYON stock opened at $16.79 on Monday. The company has a current ratio of 1.24, a quick ratio of 1.19 and a debt-to-equity ratio of 0.12. Beyond has a twelve month low of $13.71 and a twelve month high of $39.27. The business’s 50 day moving average is $26.17. The firm has a market capitalization of $767.97 million, a PE ratio of -2.06 and a beta of 3.92.

Beyond (NYSE:BYONGet Free Report) last released its quarterly earnings data on Monday, May 6th. The company reported ($1.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.30). Beyond had a negative return on equity of 32.05% and a negative net margin of 23.67%. The company had revenue of $382.28 million for the quarter, compared to analyst estimates of $389.36 million. During the same period in the previous year, the business posted ($0.10) EPS. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. On average, equities research analysts predict that Beyond will post -2.99 earnings per share for the current year.

Insider Activity at Beyond

In other news, Director Joseph J. Tabacco, Jr. acquired 12,400 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were purchased at an average cost of $16.01 per share, for a total transaction of $198,524.00. Following the transaction, the director now directly owns 97,458 shares in the company, valued at approximately $1,560,302.58. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Beyond

A number of institutional investors and hedge funds have recently made changes to their positions in BYON. American International Group Inc. acquired a new position in shares of Beyond during the 1st quarter worth $799,000. CANADA LIFE ASSURANCE Co acquired a new position in shares of Beyond during the 1st quarter worth $157,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Beyond during the 1st quarter worth $8,956,000. Shell Asset Management Co. acquired a new position in shares of Beyond during the 1st quarter worth $2,271,000. Finally, Lazard Asset Management LLC acquired a new position in shares of Beyond during the 1st quarter worth $70,000. 76.30% of the stock is owned by institutional investors and hedge funds.

About Beyond

(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, d├ęcor, storage and organization, small appliances, home improvement, and other products under the Bed Bath & Beyond brand.

Further Reading

Analyst Recommendations for Beyond (NYSE:BYON)

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