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

Shares of Beyond, Inc. (NYSE:BYON) have been assigned an average recommendation of “Hold” from the eight analysts that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $9.14.

A number of analysts have recently issued reports on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Beyond in a report on Wednesday, April 30th. Jefferies Financial Group reduced their price objective on Beyond from $6.50 to $5.00 and set a “hold” rating on the stock in a research report on Tuesday, April 29th. Wedbush restated an “outperform” rating and issued a $15.00 target price on shares of Beyond in a research report on Tuesday, April 22nd. Barclays reduced 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 report on Wednesday, April 30th. Finally, Maxim Group lowered their price objective on shares of Beyond from $26.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday, February 26th.

Institutional Investors Weigh In On Beyond

A number of large investors have recently added to or reduced their stakes in the company. Tidal Investments LLC increased its stake in shares of 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 buying an additional 1,405,770 shares during the period. Two Sigma Investments LP increased its position in Beyond by 75.1% during the 4th quarter. Two Sigma Investments LP now owns 916,178 shares of the company’s stock valued at $4,517,000 after purchasing an additional 392,977 shares during the period. Two Sigma Advisers LP increased its position in Beyond by 362.8% during the 4th quarter. Two Sigma Advisers LP now owns 901,500 shares of the company’s stock valued at $4,444,000 after purchasing an additional 706,700 shares during the period. Invesco Ltd. raised its holdings in Beyond by 26.4% in the 4th quarter. Invesco Ltd. now owns 796,445 shares of the company’s stock worth $3,926,000 after purchasing an additional 166,411 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of Beyond by 390.0% in the 4th quarter. Federated Hermes Inc. now owns 728,158 shares of the company’s stock worth $3,590,000 after purchasing an additional 579,565 shares during the period. Institutional investors own 76.30% of the company’s stock.

Beyond Trading Down 1.0%

Shares of NYSE:BYON opened at $6.15 on Monday. Beyond has a 12 month low of $3.54 and a 12 month high of $15.44. The stock has a market cap of $354.44 million, a P/E ratio of -1.32 and a beta of 3.29. The company has a 50 day moving average of $5.29 and a 200 day moving average of $5.84.

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

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.