Analysts Set Beyond, Inc. (NYSE:BYON) Price Target at $27.29

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

Several equities research analysts recently commented on the stock. Piper Sandler reduced their price target on shares of Beyond from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. Wedbush reduced their target price on Beyond from $37.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Bank of America lowered their price target on Beyond from $15.50 to $15.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Finally, Barclays reduced their price objective on Beyond from $22.00 to $16.00 and set an “equal weight” rating for the company in a research note on Friday, July 26th.

Beyond Stock Performance

Shares of NYSE:BYON opened at $10.37 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.08 and a debt-to-equity ratio of 0.14. The stock has a fifty day moving average of $11.18 and a 200-day moving average of $18.11. Beyond has a one year low of $9.05 and a one year high of $37.10.

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

Insider Transactions at Beyond

In other Beyond news, Director William Benjamin Nettles, Jr. sold 10,412 shares of the stock in a transaction 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 transaction, the director now directly owns 11,368 shares of the company’s stock, valued at $106,290.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, 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 acquired at an average cost 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 $710,680.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William Benjamin Nettles, Jr. sold 10,412 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $9.35, for a total value of $97,352.20. Following the transaction, the director now owns 11,368 shares in the company, valued at $106,290.80. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Beyond

Institutional investors and hedge funds have recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Beyond during the 2nd quarter valued at about $44,000. CWM LLC bought a new position in Beyond during the second quarter worth about $46,000. Hollencrest Capital Management acquired a new stake in Beyond during the second quarter valued at approximately $46,000. Sunbelt Securities Inc. bought a new stake in shares of Beyond in the 2nd quarter valued at approximately $47,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Beyond in the 1st quarter worth approximately $66,000. Institutional investors own 76.30% of the company’s stock.

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.