Beyond (NYSE:BYON) Given “Outperform” Rating at Wedbush

Wedbush reaffirmed their outperform rating on shares of Beyond (NYSE:BYON) in a research note issued to investors on Wednesday morning,RTT News reports. They currently have a $15.00 target price on the stock.

Other equities analysts also recently issued research reports about the stock. Argus downgraded shares of Beyond from a “hold” rating to a “sell” rating in a report on Wednesday, December 18th. Maxim Group decreased their price target on shares of Beyond from $33.00 to $26.00 and set a “buy” rating for the company in a report on Friday, October 25th. Barclays reduced their target price on 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 reiterated a “buy” rating and set a $13.00 price target on shares of Beyond in a research note on Wednesday, October 23rd. Finally, Bank of America cut Beyond from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $12.50 to $6.00 in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Beyond currently has a consensus rating of “Hold” and a consensus target price of $12.29.

Beyond Trading Down 4.8 %

Shares of Beyond stock opened at $9.22 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. The stock’s fifty day moving average is $6.04 and its two-hundred day moving average is $8.26. Beyond has a 52 week low of $4.45 and a 52 week high of $37.10.

Institutional Trading of Beyond

Several large investors have recently bought and sold shares of the business. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Beyond during the fourth quarter worth $30,000. R Squared Ltd purchased a new position in Beyond in the fourth quarter valued at $32,000. SG Americas Securities LLC acquired a new position in shares of Beyond during the fourth quarter worth about $67,000. Sigma Planning Corp acquired a new stake in shares of Beyond in the 4th quarter valued at $75,000. Finally, Safe Harbor Fiduciary LLC purchased a new position in shares of Beyond in the 3rd quarter valued at about $80,000. Hedge funds and other 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.