Beyond’s (BYON) Outperform Rating Reiterated at Wedbush

Wedbush reaffirmed their outperform rating on shares of Beyond (NYSE:BYON) in a report released on Wednesday,RTT News reports. They currently have a $15.00 price target on the stock. Wedbush also issued estimates for Beyond’s Q4 2024 earnings at ($0.64) EPS, FY2024 earnings at ($3.57) EPS, Q1 2025 earnings at ($0.64) EPS, Q2 2025 earnings at ($0.38) EPS, Q3 2025 earnings at ($0.76) EPS, Q4 2025 earnings at ($0.36) EPS, FY2025 earnings at ($2.13) EPS and FY2026 earnings at ($1.65) EPS.

A number of other research firms have also issued reports on BYON. Argus lowered shares of Beyond from a “hold” rating to a “sell” rating in a research note on Wednesday, December 18th. Barclays cut their price objective 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. Needham & Company LLC reaffirmed a “buy” rating and set a $13.00 target price on shares of Beyond in a research report on Wednesday, October 23rd. Maxim Group reduced their price target on Beyond from $33.00 to $26.00 and set a “buy” rating for the company in a report on Friday, October 25th. Finally, Bank of America downgraded Beyond from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $12.50 to $6.00 in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Beyond currently has a consensus rating of “Hold” and a consensus target price of $12.29.

Beyond Stock Performance

Shares of NYSE:BYON opened at $8.77 on Wednesday. The business’s 50-day simple moving average is $6.16 and its 200 day simple moving average is $8.27. The company has a market cap of $403.67 million, a P/E ratio of -1.19 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 one year low of $4.45 and a one year high of $37.10.

Institutional Investors Weigh In On Beyond

A number of institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC bought a new position in Beyond during the second quarter worth $389,000. The Manufacturers Life Insurance Company lifted its position in shares of Beyond by 8.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,818 shares of the company’s stock worth $233,000 after buying an additional 1,348 shares during the last quarter. Algert Global LLC boosted its holdings in shares of Beyond by 84.3% in the 2nd quarter. Algert Global LLC now owns 18,912 shares of the company’s stock valued at $247,000 after buying an additional 8,652 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Beyond during the 2nd quarter valued at about $650,000. Finally, O Keefe Stevens Advisory Inc. raised its stake in Beyond by 67.9% during the third quarter. O Keefe Stevens Advisory Inc. now owns 19,504 shares of the company’s stock worth $197,000 after acquiring an additional 7,889 shares during the period. 76.30% of the stock is currently owned by institutional investors.

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.