Beyond, Inc. (NYSE:BYON) Receives $30.36 Consensus Price Target from Brokerages

Shares of Beyond, Inc. (NYSE:BYON) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $30.36.

A number of equities research analysts have weighed in on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Beyond in a report on Monday, May 20th. Piper Sandler reduced their target price on Beyond from $26.00 to $17.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Wedbush reissued an “outperform” rating and issued a $37.00 target price on shares of Beyond in a report on Tuesday, May 14th. Barclays reduced their price objective on Beyond from $30.00 to $22.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 8th. Finally, Maxim Group reduced their price objective on Beyond from $50.00 to $36.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th.

Insider Buying and Selling at Beyond

In other Beyond news, Director Joseph J. Tabacco, Jr. bought 12,400 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was bought at an average price of $16.01 per share, for a total transaction of $198,524.00. Following the transaction, the director now owns 97,458 shares of the company’s stock, valued at approximately $1,560,302.58. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Chairman Marcus Lemonis bought 17,075 shares of the stock in a transaction on Thursday, June 6th. The stock was purchased at an average price of $14.61 per share, for a total transaction of $249,465.75. Following the acquisition, the chairman now owns 186,973 shares in the company, valued at $2,731,675.53. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Joseph J. Tabacco, Jr. bought 12,400 shares of the stock in a transaction on Wednesday, May 8th. The shares were purchased at an average price of $16.01 per share, with a total value of $198,524.00. Following the acquisition, the director now owns 97,458 shares in the company, valued at approximately $1,560,302.58. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 40,095 shares of company stock worth $596,237. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Beyond

A number of large investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new position in shares of Beyond during the 1st quarter worth about $66,000. Lazard Asset Management LLC acquired a new position in shares of Beyond during the 1st quarter worth about $70,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Beyond during the 1st quarter worth about $71,000. CANADA LIFE ASSURANCE Co acquired a new position in shares of Beyond during the 1st quarter worth about $157,000. Finally, Cetera Advisors LLC acquired a new position in shares of Beyond during the 1st quarter worth about $233,000. Institutional investors own 76.30% of the company’s stock.

Beyond Trading Down 2.9 %

Shares of BYON opened at $12.50 on Monday. Beyond has a 12-month low of $12.18 and a 12-month high of $39.27. The company has a quick ratio of 1.19, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $571.88 million, a price-to-earnings ratio of -1.53 and a beta of 3.71. The stock’s 50-day moving average price is $16.34 and its 200 day moving average price is $23.91.

Beyond (NYSE:BYON) last released its quarterly earnings data on Monday, May 6th. The company reported ($1.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.30). The company had revenue of $382.28 million for the quarter, compared to analyst estimates of $389.36 million. Beyond had a negative net margin of 23.67% and a negative return on equity of 32.05%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.10) earnings per share. As a group, research analysts predict that Beyond will post -3.1 earnings per share for the current year.

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.