Needham & Company LLC Reaffirms “Hold” Rating for Beyond (NYSE:BYON)

Beyond (NYSE:BYON)‘s stock had its “hold” rating reaffirmed by investment analysts at Needham & Company LLC in a report issued on Wednesday,Benzinga reports.

A number of other research analysts also recently commented on BYON. Jefferies Financial Group dropped their price target on Beyond from $6.50 to $5.00 and set a “hold” rating for the company in a research note on Tuesday. Wedbush reissued an “outperform” rating and issued a $15.00 target price on shares of Beyond in a report on Tuesday, April 22nd. Maxim Group cut their price target 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. Finally, Barclays decreased their price objective on shares of Beyond from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.14.

Beyond Stock Performance

Shares of NYSE:BYON opened at $3.83 on Wednesday. Beyond has a 12-month low of $3.54 and a 12-month high of $22.65. The company’s 50 day moving average price is $4.86 and its two-hundred day moving average price is $6.12. The firm has a market cap of $211.50 million, a PE ratio of -0.52 and a beta of 4.09. 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 (NYSE:BYON) last posted its quarterly earnings data on Monday, April 28th. The company reported ($0.42) EPS for the quarter, topping analysts’ consensus estimates of ($0.67) by $0.25. The firm had revenue of $231.75 million for the quarter, compared to analyst estimates of $288.13 million. Beyond had a negative return on equity of 69.32% and a negative net margin of 22.82%. The company’s revenue was down 39.4% on a year-over-year basis. During the same quarter last year, the company earned ($1.22) EPS. Equities research analysts predict that Beyond will post -3.75 earnings per share for the current year.

Insider Activity at Beyond

In other news, Chairman Marcus Lemonis bought 19,193 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was purchased at an average cost of $5.03 per share, for a total transaction of $96,540.79. Following the completion of the transaction, the chairman now owns 456,151 shares of the company’s stock, valued at $2,294,439.53. This trade represents a 4.39 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 1.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BYON. Kohmann Bosshard Financial Services LLC acquired a new stake in Beyond during the 4th quarter worth approximately $30,000. Canada Pension Plan Investment Board acquired a new position in Beyond in the 4th quarter valued at approximately $32,000. R Squared Ltd bought a new position in shares of Beyond during the fourth quarter valued at $32,000. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Beyond by 68.4% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 6,592 shares of the company’s stock worth $32,000 after purchasing an additional 2,678 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Beyond during the fourth quarter worth $39,000. Institutional investors and hedge funds own 76.30% of the company’s stock.

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.