Beyond, Inc. (NYSE:BYON) Receives $27.29 Consensus Price Target from Brokerages

Beyond, Inc. (NYSE:BYON) has been assigned a consensus rating of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $27.29.

BYON has been the subject of a number of analyst reports. Piper Sandler reduced their price objective on shares of Beyond from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. Bank of America cut their price target on shares of Beyond from $15.50 to $15.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Needham & Company LLC restated a “hold” rating on shares of Beyond in a report on Monday, May 20th. Barclays cut their price target on shares of Beyond from $22.00 to $16.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. Finally, Wedbush cut their price target on shares of Beyond from $37.00 to $25.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st.

Insiders Place Their Bets

In other Beyond news, Director Barclay F. Corbus purchased 5,000 shares of the stock in a transaction dated Thursday, August 1st. The shares were bought at an average price of $10.66 per share, with a total value of $53,300.00. Following the completion of the transaction, the director now directly owns 66,668 shares in the company, valued at approximately $710,680.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director William Benjamin Nettles, Jr. sold 10,412 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $9.35, for a total transaction of $97,352.20. Following the sale, the director now owns 11,368 shares of the company’s stock, valued at approximately $106,290.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Barclay F. Corbus bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were purchased at an average cost of $10.66 per share, for a total transaction of $53,300.00. Following the acquisition, the director now directly owns 66,668 shares in the company, valued at approximately $710,680.88. The disclosure for this purchase can be found here. Insiders own 1.20% of the company’s stock.

Institutional Trading of Beyond

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Tidal Investments LLC purchased a new position in Beyond in the 1st quarter worth approximately $33,599,000. Dimensional Fund Advisors LP purchased a new position in Beyond in the 2nd quarter worth approximately $9,538,000. Refined Wealth Management purchased a new position in Beyond in the 2nd quarter worth approximately $4,201,000. ProShare Advisors LLC purchased a new position in Beyond in the 2nd quarter worth approximately $3,800,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Beyond in the 1st quarter worth approximately $8,956,000. Institutional investors own 76.30% of the company’s stock.

Beyond Price Performance

Shares of NYSE BYON opened at $10.94 on Friday. The company has a 50-day moving average price of $11.37 and a 200-day moving average price of $18.54. Beyond has a 1 year low of $9.05 and a 1 year high of $37.10. The company has a current ratio of 1.14, a quick ratio of 1.08 and a debt-to-equity ratio of 0.14.

Beyond (NYSE:BYON) last issued its quarterly earnings data on Monday, July 29th. The company reported ($0.76) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.89) by $0.13. The firm had revenue of $398.10 million during the quarter, compared to analysts’ expectations of $381.74 million. Beyond had a negative net margin of 22.03% and a negative return on equity of 49.00%. The business’s revenue was down 5.7% on a year-over-year basis. During the same period last year, the company earned ($0.02) earnings per share. On average, sell-side analysts anticipate that Beyond will post -3.54 EPS for the current year.

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.