Beyond’s (BYON) Outperform Rating Reaffirmed at Wedbush

Wedbush reiterated their outperform rating on shares of Beyond (NYSE:BYON) in a report published on Wednesday morning,RTT News reports. They currently have a $15.00 target price on the stock.

Several other equities research analysts have also commented on the company. Piper Sandler dropped their price target on Beyond from $14.00 to $8.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Needham & Company LLC restated a “buy” rating and set a $13.00 price objective on shares of Beyond in a research note on Wednesday, October 23rd. Bank of America lowered Beyond from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $12.50 to $6.00 in a research note on Friday, October 25th. Argus downgraded shares of Beyond from a “hold” rating to a “sell” rating in a research note on Wednesday, December 18th. Finally, Maxim Group decreased their target price on Beyond from $33.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $12.29.

Beyond Trading Down 4.8 %

BYON opened at $9.22 on Wednesday. Beyond has a 52 week low of $4.45 and a 52 week high of $37.10. The business’s fifty day simple moving average is $6.04 and its 200 day simple moving average is $8.26. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 0.17.

Hedge Funds Weigh In On Beyond

Hedge funds have recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of Beyond by 0.9% during the 3rd quarter. State Street Corp now owns 1,016,563 shares of the company’s stock worth $10,247,000 after purchasing an additional 8,580 shares during the last quarter. Royce & Associates LP increased its holdings in shares of Beyond by 57.8% during the 3rd quarter. Royce & Associates LP now owns 845,977 shares of the company’s stock valued at $8,527,000 after acquiring an additional 309,810 shares during the last quarter. Refined Wealth Management lifted its holdings in Beyond by 14.8% in the 4th quarter. Refined Wealth Management now owns 401,095 shares of the company’s stock worth $1,977,000 after purchasing an additional 51,763 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Beyond by 34.7% during the third quarter. JPMorgan Chase & Co. now owns 389,694 shares of the company’s stock worth $3,928,000 after purchasing an additional 100,335 shares during the period. Finally, SRN Advisors LLC grew its holdings in Beyond by 164.5% during the fourth quarter. SRN Advisors LLC now owns 320,001 shares of the company’s stock valued at $1,578,000 after purchasing an additional 199,000 shares during the last quarter. Institutional investors and hedge funds 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.