Beyond, Inc. (NYSE:BYON) Receives $30.36 Average Price Target from Analysts

Beyond, Inc. (NYSE:BYON) has earned an average rating of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $29.50.

BYON has been the topic of a number of analyst reports. Maxim Group decreased their price objective on shares of Beyond from $50.00 to $36.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Wedbush restated an “outperform” rating and issued a $37.00 price objective on shares of Beyond in a research report on Wednesday, July 24th. Bank of America decreased their price objective on shares of Beyond from $19.00 to $15.50 and set a “neutral” rating on the stock in a research report on Tuesday, June 18th. Barclays cut their target price on shares of Beyond from $22.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Finally, Piper Sandler cut their target price on shares of Beyond from $26.00 to $17.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th.

Beyond Price Performance

Shares of NYSE:BYON opened at $12.25 on Friday. The stock has a market cap of $560.44 million, a PE ratio of -1.50 and a beta of 3.71. The company’s fifty day moving average is $13.93 and its 200 day moving average is $22.08. Beyond has a 52 week low of $11.95 and a 52 week 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.

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 23.67% and a negative return on equity of 32.05%. 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.

Insider Buying and Selling

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

Institutional Investors Weigh In On Beyond

Hedge funds have recently bought and sold shares of the business. CWM LLC purchased a new position in Beyond in the second quarter worth about $46,000. Public Employees Retirement System of Ohio purchased a new position in Beyond in the first quarter worth about $66,000. Lazard Asset Management LLC purchased a new position in Beyond in the first quarter worth about $70,000. DekaBank Deutsche Girozentrale purchased a new position in Beyond in the first quarter worth about $71,000. Finally, Tobam purchased a new position in Beyond in the second quarter worth about $78,000. 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.