Jefferies Financial Group Cuts Beyond (NYSE:BYON) Price Target to $6.50

Beyond (NYSE:BYON) had its target price reduced by Jefferies Financial Group from $7.25 to $6.50 in a research note released on Monday,Benzinga reports. They currently have a hold rating on the stock.

BYON has been the topic of a number of other reports. Argus cut shares of Beyond from a “hold” rating to a “sell” rating in a research report on Wednesday, December 18th. Wedbush reissued an “outperform” rating and set a $15.00 target price on shares of Beyond in a research report on Wednesday, February 5th. Maxim Group reduced their target price on shares of Beyond from $26.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Needham & Company LLC cut shares of Beyond from a “buy” rating to a “hold” rating and set a $9.00 target price on the stock. in a research report on Wednesday, March 5th. Finally, Barclays reduced their target price on shares of Beyond from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $9.64.

Beyond Trading Down 0.3 %

Shares of BYON stock opened at $5.35 on Monday. The stock has a market cap of $284.06 million, a price-to-earnings ratio of -0.72 and a beta of 3.91. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. Beyond has a fifty-two week low of $4.45 and a fifty-two week high of $37.10. The firm’s 50 day moving average price is $7.05 and its two-hundred day moving average price is $7.60.

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

Institutional Trading of Beyond

Several institutional investors have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Beyond by 18.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 116,431 shares of the company’s stock valued at $574,000 after acquiring an additional 17,810 shares in the last quarter. Two Sigma Advisers LP raised its holdings in Beyond by 362.8% in the fourth quarter. Two Sigma Advisers LP now owns 901,500 shares of the company’s stock valued at $4,444,000 after acquiring an additional 706,700 shares in the last quarter. Two Sigma Investments LP raised its holdings in Beyond by 75.1% in the fourth quarter. Two Sigma Investments LP now owns 916,178 shares of the company’s stock valued at $4,517,000 after acquiring an additional 392,977 shares in the last quarter. Tidal Investments LLC increased its stake in Beyond by 140.4% during the fourth quarter. Tidal Investments LLC now owns 2,406,746 shares of the company’s stock valued at $11,865,000 after purchasing an additional 1,405,770 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC bought a new stake in Beyond during the fourth quarter valued at $179,000. 76.30% of the stock is owned by institutional investors and hedge funds.

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.