Beyond, Inc. (NYSE:BYON) Receives $10.29 Consensus Target Price from Brokerages

Beyond, Inc. (NYSE:BYON) has received an average rating of “Hold” from the eight analysts that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $9.64.

A number of equities research analysts have recently commented on BYON shares. Argus cut Beyond from a “hold” rating to a “sell” rating in a research note on Wednesday, December 18th. Jefferies Financial Group reduced their price objective on shares of Beyond from $7.25 to $6.50 and set a “hold” rating for the company in a research note on Monday. Needham & Company LLC lowered Beyond from a “buy” rating to a “hold” rating and set a $9.00 price objective for the company. in a report on Wednesday, March 5th. Wedbush reiterated an “outperform” rating and issued a $15.00 price objective on shares of Beyond in a report on Wednesday, February 5th. Finally, Barclays lowered their price target on shares of Beyond from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Thursday, January 9th.

Beyond Price Performance

Shares of BYON opened at $5.35 on Friday. 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 market cap of $284.06 million, a PE ratio of -0.72 and a beta of 3.91. The business’s 50 day moving average price is $7.05 and its two-hundred day moving average price is $7.60. Beyond has a 52-week low of $4.45 and a 52-week high of $37.10.

Beyond (NYSE:BYON) last posted its quarterly earnings results on Monday, February 24th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.74) by ($0.17). Beyond had a negative net margin of 22.82% and a negative return on equity of 69.32%. The business had revenue of $303.15 million during the quarter, compared to analyst estimates of $337.96 million. On average, equities analysts anticipate that Beyond will post -3.75 EPS for the current year.

Institutional Investors Weigh In On Beyond

Several institutional investors and hedge funds have recently modified their holdings of BYON. JPMorgan Chase & Co. grew its stake in shares of Beyond by 34.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 389,694 shares of the company’s stock worth $3,928,000 after buying an additional 100,335 shares during the last quarter. Royce & Associates LP increased its position in Beyond by 57.8% in the third quarter. Royce & Associates LP now owns 845,977 shares of the company’s stock worth $8,527,000 after buying an additional 309,810 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Beyond by 12.8% in the third quarter. Franklin Resources Inc. now owns 21,299 shares of the company’s stock worth $217,000 after purchasing an additional 2,411 shares during the period. Refined Wealth Management raised 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 acquiring an additional 51,763 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Beyond by 14.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 98,621 shares of the company’s stock worth $994,000 after purchasing an additional 12,794 shares in the last quarter. 76.30% of the stock is owned by hedge funds and other institutional investors.

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.