Jefferies Financial Group Issues Pessimistic Forecast for Beyond (NYSE:BYON) Stock Price

Beyond (NYSE:BYON) had its price objective cut by Jefferies Financial Group from $6.50 to $5.00 in a research note published on Tuesday,Benzinga reports. They currently have a hold rating on the stock.

A number of other research firms have also weighed in on BYON. Maxim Group reduced their price objective 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. Barclays decreased their price objective on shares of Beyond from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Thursday, January 9th. Needham & Company LLC cut Beyond from a “buy” rating to a “hold” rating and set a $9.00 price objective on the stock. in a research report on Wednesday, March 5th. Finally, Wedbush reissued an “outperform” rating and issued a $15.00 target price on shares of Beyond in a report on Tuesday, April 22nd. Two investment 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.14.

Beyond Price Performance

BYON stock opened at $3.83 on Tuesday. 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 firm has a 50 day moving average price of $4.86 and a 200-day moving average price of $6.12. Beyond has a 52-week low of $3.54 and a 52-week high of $22.65. The firm has a market capitalization of $211.50 million, a price-to-earnings ratio of -0.52 and a beta of 4.09.

Beyond (NYSE:BYON) last announced its quarterly earnings data on Monday, April 28th. The company reported ($0.42) earnings per share (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%. The business had revenue of $231.75 million during the quarter, compared to analysts’ expectations of $288.13 million. During the same quarter in the previous year, the business earned ($1.22) earnings per share. The firm’s quarterly revenue was down 39.4% compared to the same quarter last year. Equities research analysts forecast that Beyond will post -3.75 EPS for the current fiscal year.

Insider Buying and Selling at Beyond

In other news, Chairman Marcus Lemonis purchased 19,193 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of $5.03 per share, for a total transaction of $96,540.79. Following the purchase, the chairman now directly owns 456,151 shares in the company, valued at approximately $2,294,439.53. This represents a 4.39 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of Beyond by 34.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 389,694 shares of the company’s stock valued at $3,928,000 after purchasing an additional 100,335 shares during the last quarter. Franklin Resources Inc. increased its holdings in Beyond by 12.8% during the third 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 last quarter. Refined Wealth Management increased its holdings in Beyond by 14.8% during the fourth quarter. Refined Wealth Management now owns 401,095 shares of the company’s stock valued at $1,977,000 after buying an additional 51,763 shares during the last quarter. Wedbush Securities Inc. boosted its stake in shares of Beyond by 950.1% during the 4th quarter. Wedbush Securities Inc. now owns 132,023 shares of the company’s stock worth $651,000 after acquiring an additional 119,450 shares during the last quarter. Finally, Pamplona Capital Management LLC bought a new stake in shares of Beyond during the 4th quarter valued at $1,630,000. Institutional investors own 76.30% of the company’s stock.

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.