Beyond (NYSE:BYON) Receives Outperform Rating from Wedbush

Beyond (NYSE:BYON)‘s stock had its “outperform” rating restated by Wedbush in a research report issued on Wednesday,RTT News reports. They currently have a $15.00 price objective on the stock. Wedbush’s price target would suggest a potential upside of 68.48% from the stock’s current price.

A number of other research analysts have also issued reports on the stock. Piper Sandler dropped their price objective on shares of Beyond from $14.00 to $8.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Barclays dropped their price target on shares of Beyond from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Thursday, January 9th. Needham & Company LLC reissued a “buy” rating and issued a $13.00 price objective on shares of Beyond in a research note on Wednesday, October 23rd. Argus downgraded Beyond from a “hold” rating to a “sell” rating in a report on Wednesday, December 18th. Finally, Maxim Group cut their target price on Beyond from $33.00 to $26.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Beyond currently has an average rating of “Hold” and a consensus price target of $12.29.

Beyond Price Performance

Shares of Beyond stock traded down $0.78 during midday trading on Wednesday, hitting $8.90. 3,303,998 shares of the company traded hands, compared to its average volume of 3,538,441. The firm’s fifty day moving average price is $6.04 and its 200-day moving average price is $8.26. The stock has a market cap of $409.98 million, a price-to-earnings ratio of -1.20 and a beta of 3.81. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.91 and a current ratio of 0.97. Beyond has a 12 month low of $4.45 and a 12 month high of $37.10.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BYON. R Squared Ltd acquired a new position in Beyond during the fourth quarter worth $32,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Beyond in the 3rd quarter worth about $80,000. Y Intercept Hong Kong Ltd bought a new position in Beyond in the 3rd quarter valued at about $107,000. Tobam boosted its stake in Beyond by 78.8% during the 3rd quarter. Tobam now owns 10,648 shares of the company’s stock valued at $107,000 after purchasing an additional 4,693 shares during the last quarter. Finally, OneDigital Investment Advisors LLC bought a new stake in Beyond during the 3rd quarter worth approximately $116,000. 76.30% of the stock is owned by institutional investors.

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.