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

Beyond, Inc. (NYSE:BYON) has received an average rating of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $9.14.

BYON has been the topic of several recent research reports. Wedbush upgraded shares of Beyond to a “strong-buy” rating in a research note on Tuesday, July 1st. Barclays lowered 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 note on Wednesday, April 30th. Needham & Company LLC reissued a “hold” rating on shares of Beyond in a research report on Wednesday, April 30th. Finally, Jefferies Financial Group decreased their price objective on shares of Beyond from $6.50 to $5.00 and set a “hold” rating for the company in a research report on Tuesday, April 29th.

Beyond Trading Up 1.3%

NYSE:BYON opened at $8.04 on Friday. Beyond has a 1-year low of $3.54 and a 1-year high of $15.44. The business’s 50-day moving average price is $6.27 and its two-hundred day moving average price is $6.01. The firm has a market capitalization of $463.98 million, a price-to-earnings ratio of -1.73 and a beta of 3.25.

Beyond (NYSE:BYON) last released its earnings results on Monday, April 28th. The company reported ($0.42) earnings per share for the quarter, beating the consensus estimate 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 77.61% and a negative net margin of 18.06%. The company’s quarterly revenue was down 39.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.22) earnings per share. Sell-side analysts predict that Beyond will post -3.75 earnings per share for the current year.

Institutional Trading of Beyond

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Strs Ohio bought a new stake in Beyond in the 1st quarter valued at about $151,000. Murchinson Ltd. raised its position in shares of Beyond by 66.7% in the 1st quarter. Murchinson Ltd. now owns 100,000 shares of the company’s stock valued at $580,000 after buying an additional 40,000 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Beyond by 30.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 66,512 shares of the company’s stock valued at $386,000 after buying an additional 15,707 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Beyond by 217.4% in the 1st quarter. AQR Capital Management LLC now owns 131,501 shares of the company’s stock valued at $763,000 after buying an additional 90,076 shares in the last quarter. Finally, PDT Partners LLC acquired a new position in shares of Beyond in the 1st quarter valued at approximately $642,000. Institutional investors own 76.30% of the company’s stock.

Beyond Company Profile

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.