Brokerages Set Beyond, Inc. (NYSE:BYON) Price Target at $25.25

Shares of Beyond, Inc. (NYSE:BYON) have been given a consensus rating of “Hold” by the eight research firms that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $25.25.

Several equities analysts recently issued reports on the stock. Barclays cut their price objective 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. Bank of America lowered their target price on shares of Beyond from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. Wedbush lowered their target price on shares of Beyond from $37.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Jefferies Financial Group lowered their target price on shares of Beyond from $14.00 to $11.00 and set a “hold” rating for the company in a research note on Monday, September 23rd. Finally, Piper Sandler lowered their target price on shares of Beyond from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st.

Beyond Stock Performance

Shares of NYSE:BYON opened at $10.35 on Wednesday. The firm has a market cap of $473.51 million, a PE ratio of -1.27 and a beta of 3.65. The firm’s 50 day simple moving average is $10.26 and its 200-day simple moving average is $15.28. Beyond has a one year low of $8.91 and a one year high of $37.10. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.08 and a current ratio of 1.14.

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 the consensus estimate of ($0.89) by $0.13. The company had revenue of $398.10 million for the quarter, compared to analyst estimates of $381.74 million. Beyond had a negative net margin of 22.03% and a negative return on equity of 49.00%. Beyond’s revenue was down 5.7% compared to the same quarter last year. During the same period last year, the company posted ($0.02) earnings per share. As a group, equities analysts predict that Beyond will post -3.55 EPS for the current year.

Insider Transactions at Beyond

In other news, Director William Benjamin Nettles, Jr. sold 10,412 shares of Beyond 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 completion of the sale, the director now directly owns 11,368 shares in the company, valued at approximately $106,290.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, 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 transaction of $97,352.20. Following the completion of the sale, the director now owns 11,368 shares of the company’s stock, valued at $106,290.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Barclay F. Corbus purchased 5,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were acquired at an average price of $10.66 per share, for a total transaction of $53,300.00. Following the completion of the transaction, the director now directly owns 66,668 shares of the company’s stock, valued at $710,680.88. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.20% of the company’s stock.

Institutional Trading of Beyond

Several hedge funds and other institutional investors have recently made changes to their positions in BYON. Tidal Investments LLC acquired a new position in Beyond during the first quarter worth about $33,599,000. Dimensional Fund Advisors LP acquired a new position in Beyond during the second quarter worth about $9,538,000. Refined Wealth Management acquired a new position in Beyond during the second quarter worth about $4,201,000. ProShare Advisors LLC acquired a new position in Beyond during the second quarter worth about $3,800,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Beyond in the first quarter valued at approximately $8,956,000. 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.