Beyond, Inc. (NYSE:BYON) Receives Consensus Recommendation of “Hold” from Analysts

Beyond, Inc. (NYSE:BYON) has received an average rating of “Hold” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $27.29.

Several brokerages recently issued reports on BYON. Wedbush reduced their price target on shares of Beyond from $37.00 to $25.00 and set an “outperform” rating on the stock in a research report on Wednesday. Needham & Company LLC reiterated a “hold” rating on shares of Beyond in a research report on Monday, May 20th. Barclays reduced their price target on shares of Beyond from $22.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Friday, July 26th. Maxim Group dropped their price objective on shares of Beyond from $50.00 to $36.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. Finally, Piper Sandler dropped their price objective on shares of Beyond from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Wednesday.

Insider Buying and Selling

In other news, Chairman Marcus Lemonis bought 17,075 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were purchased at an average price of $14.61 per share, for a total transaction of $249,465.75. Following the completion of the purchase, the chairman now owns 186,973 shares in the company, valued at approximately $2,731,675.53. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Barclay F. Corbus bought 5,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were purchased at an average price of $10.66 per share, for a total transaction of $53,300.00. Following the completion of the purchase, the director now owns 66,668 shares in the company, valued at approximately $710,680.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Marcus Lemonis bought 17,075 shares of the company’s stock in a transaction dated 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 purchase, the chairman now owns 186,973 shares of the company’s stock, valued at approximately $2,731,675.53. The disclosure for this purchase can be found here. Insiders have acquired 45,095 shares of company stock valued at $649,537 over the last quarter. Corporate insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Beyond during the first quarter valued at approximately $8,956,000. Bayesian Capital Management LP purchased a new position in shares of Beyond during the first quarter valued at approximately $277,000. Tidal Investments LLC purchased a new position in shares of Beyond during the first quarter valued at approximately $33,599,000. Shell Asset Management Co. purchased a new position in shares of Beyond during the first quarter valued at approximately $2,271,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Beyond during the first quarter valued at approximately $66,000. Institutional investors own 76.30% of the company’s stock.

Beyond Price Performance

Shares of NYSE:BYON opened at $10.65 on Friday. The company’s fifty day moving average is $13.73 and its 200 day moving average is $21.92. Beyond has a 52 week low of $10.32 and a 52 week high of $39.27. The stock has a market cap of $487.24 million, a PE ratio of -1.31 and a beta of 3.70. The company has a quick ratio of 1.19, a current ratio of 1.24 and a debt-to-equity ratio of 0.12.

Beyond (NYSE:BYON) last released 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. Beyond had a negative net margin of 22.03% and a negative return on equity of 44.66%. The firm had revenue of $398.10 million for the quarter, compared to analysts’ expectations of $381.74 million. During the same quarter in the previous year, the company earned ($0.02) earnings per share. The company’s revenue for the quarter was down 5.7% compared to the same quarter last year. Research analysts anticipate that Beyond will post -3.3 earnings per share 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.