Beyond, Inc. (NYSE:BYON) Receives $9.14 Average Price Target from Brokerages

Beyond, Inc. (NYSE:BYON) has earned a consensus rating of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $9.14.

A number of equities research analysts recently commented on the stock. Needham & Company LLC reissued a “hold” rating on shares of Beyond in a research note on Wednesday, April 30th. Barclays decreased their price target on shares of Beyond from $7.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 30th. Jefferies Financial Group decreased their price target on shares of Beyond from $6.50 to $5.00 and set a “hold” rating on the stock in a research note on Tuesday, April 29th. Finally, Wedbush raised shares of Beyond to a “strong-buy” rating in a research note on Tuesday, July 1st.

Institutional Investors Weigh In On Beyond

Several hedge funds have recently modified their holdings of BYON. Tidal Investments LLC boosted its position in shares of Beyond by 140.4% in the fourth quarter. Tidal Investments LLC now owns 2,406,746 shares of the company’s stock worth $11,865,000 after acquiring an additional 1,405,770 shares during the last quarter. Two Sigma Advisers LP boosted its position in shares of Beyond by 362.8% in the fourth quarter. Two Sigma Advisers LP now owns 901,500 shares of the company’s stock worth $4,444,000 after acquiring an additional 706,700 shares during the last quarter. Able Wealth Management LLC acquired a new stake in shares of Beyond in the first quarter worth approximately $3,913,000. BNP Paribas Financial Markets boosted its position in shares of Beyond by 654.5% in the fourth quarter. BNP Paribas Financial Markets now owns 668,415 shares of the company’s stock worth $3,295,000 after acquiring an additional 579,826 shares during the last quarter. Finally, Federated Hermes Inc. boosted its position in shares of Beyond by 390.0% in the fourth quarter. Federated Hermes Inc. now owns 728,158 shares of the company’s stock worth $3,590,000 after acquiring an additional 579,565 shares during the last quarter. 76.30% of the stock is owned by institutional investors and hedge funds.

Beyond Trading Down 7.3%

Shares of NYSE BYON opened at $7.02 on Friday. The stock has a market cap of $404.62 million, a price-to-earnings ratio of -1.51 and a beta of 3.25. Beyond has a 52 week low of $3.54 and a 52 week high of $15.44. The company’s 50-day moving average price is $6.49 and its 200 day moving average price is $6.07.

Beyond (NYSE:BYON) last issued its quarterly earnings data on Monday, April 28th. The company reported ($0.42) EPS for the quarter, beating analysts’ consensus estimates of ($0.67) by $0.25. The firm had revenue of $231.75 million for the quarter, compared to analysts’ expectations of $288.13 million. Beyond had a negative net margin of 18.06% and a negative return on equity of 77.61%. The firm’s revenue was down 39.4% on a year-over-year basis. During the same period in the prior year, the company earned ($1.22) EPS. As a group, research analysts expect that Beyond will post -3.75 earnings per share for the current year.

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.