Beyond, Inc. (NYSE:BYON) Receives Consensus Rating of “Hold” from Brokerages

Beyond, Inc. (NYSE:BYON) has received a consensus recommendation of “Hold” from the eight analysts that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $9.14.

A number of research firms recently weighed in on BYON. Wedbush restated an “outperform” rating and issued a $15.00 price objective on shares of Beyond in a report on Tuesday, April 22nd. Needham & Company LLC reiterated a “hold” rating on shares of Beyond in a research report on Wednesday, April 30th. Barclays lowered their price objective on Beyond from $7.00 to $5.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 30th. Jefferies Financial Group reduced their target price on Beyond from $6.50 to $5.00 and set a “hold” rating on the stock in a report on Tuesday, April 29th. Finally, Maxim Group decreased their target price on shares of Beyond from $26.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th.

Institutional Investors Weigh In On Beyond

Hedge funds have recently added to or reduced their stakes in the business. Sigma Planning Corp acquired a new stake in shares of Beyond during the 4th quarter worth approximately $75,000. Bank of New York Mellon Corp boosted its stake in Beyond by 1.0% during the fourth quarter. Bank of New York Mellon Corp now owns 136,405 shares of the company’s stock worth $672,000 after acquiring an additional 1,292 shares in the last quarter. SRN Advisors LLC grew its holdings in Beyond by 164.5% in the fourth quarter. SRN Advisors LLC now owns 320,001 shares of the company’s stock worth $1,578,000 after purchasing an additional 199,000 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in Beyond in the fourth quarter valued at $30,000. Finally, Raymond James Financial Inc. bought a new stake in Beyond in the fourth quarter valued at $578,000. 76.30% of the stock is currently owned by institutional investors.

Beyond Stock Performance

NYSE:BYON opened at $6.51 on Monday. The stock’s 50-day moving average is $5.17 and its 200-day moving average is $5.84. The stock has a market cap of $375.72 million, a P/E ratio of -0.88 and a beta of 3.29. Beyond has a 1-year low of $3.54 and a 1-year high of $15.44. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 0.17.

Beyond (NYSE:BYON) last announced its quarterly earnings results 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. The firm had revenue of $231.75 million during the quarter, compared to analysts’ expectations of $288.13 million. Beyond had a negative net margin of 22.82% and a negative return on equity of 69.32%. The company’s revenue was down 39.4% on a year-over-year basis. During the same period in the prior year, the company posted ($1.22) EPS. Equities research analysts anticipate that Beyond will post -3.75 earnings per share for the current 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.