Beyond (NYSE:BYON) Given New $6.50 Price Target at Jefferies Financial Group

Beyond (NYSE:BYON) had its price objective cut by research analysts at Jefferies Financial Group from $7.25 to $6.50 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “hold” rating on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 19.38% from the stock’s current price.

Other research analysts also recently issued reports about the company. Maxim Group decreased 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. Barclays decreased their price target on shares of Beyond from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Thursday, January 9th. Argus downgraded Beyond from a “hold” rating to a “sell” rating in a report on Wednesday, December 18th. Wedbush reiterated an “outperform” rating and issued a $15.00 target price on shares of Beyond in a report on Wednesday, February 5th. Finally, Needham & Company LLC lowered Beyond from a “buy” rating to a “hold” rating and set a $9.00 price target for the company. in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.64.

Beyond Price Performance

Beyond stock traded down $0.70 during mid-day trading on Monday, reaching $5.45. The company had a trading volume of 2,152,318 shares, compared to its average volume of 3,410,110. The stock’s 50-day simple moving average is $7.02 and its 200-day simple moving average is $7.69. The company has a market capitalization of $289.37 million, a P/E ratio of -0.74 and a beta of 3.91. Beyond has a 1 year low of $4.45 and a 1 year high of $37.10. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.91.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Tidal Investments LLC boosted its stake in Beyond by 140.4% during the 4th quarter. Tidal Investments LLC now owns 2,406,746 shares of the company’s stock valued at $11,865,000 after acquiring an additional 1,405,770 shares during the last quarter. Two Sigma Advisers LP raised its stake in shares of Beyond by 362.8% in 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 in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Beyond by 654.5% during the fourth quarter. BNP Paribas Financial Markets now owns 668,415 shares of the company’s stock worth $3,295,000 after purchasing an additional 579,826 shares during the last quarter. Federated Hermes Inc. grew its stake in Beyond by 390.0% in the fourth 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 in the last quarter. Finally, Deutsche Bank AG increased its holdings in Beyond by 1,162.8% in the fourth quarter. Deutsche Bank AG now owns 480,424 shares of the company’s stock valued at $2,368,000 after buying an additional 442,380 shares during the last quarter. Institutional investors and hedge funds 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.