Beyond (NYSE:BYON) PT Lowered to $14.00

Beyond (NYSE:BYON) had its price target reduced by Piper Sandler from $17.00 to $14.00 in a research report sent to investors on Wednesday morning, Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

BYON has been the topic of several other research reports. Bank of America dropped their target price on Beyond from $15.50 to $15.00 and set a neutral rating on the stock in a research report on Wednesday. Maxim Group dropped their price objective on Beyond from $50.00 to $36.00 and set a buy rating on the stock in a report on Wednesday, May 8th. Barclays reduced their target price on Beyond from $22.00 to $16.00 and set an equal weight rating for the company in a report on Friday, July 26th. Needham & Company LLC reaffirmed a hold rating on shares of Beyond in a research note on Monday, May 20th. Finally, Wedbush reiterated an outperform rating and issued a $37.00 price target on shares of Beyond in a report on Wednesday, July 24th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Hold and a consensus target price of $27.29.

Beyond Price Performance

Shares of NYSE BYON opened at $10.38 on Wednesday. The stock has a fifty day moving average price of $13.62 and a 200 day moving average price of $21.82. Beyond has a 1-year low of $9.91 and a 1-year high of $38.73. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.14 and a quick ratio of 1.19. The company has a market cap of $474.89 million, a PE ratio of -1.27 and a beta of 3.70.

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

Insider Transactions at Beyond

In other Beyond news, Director Barclay F. Corbus acquired 5,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were purchased at an average cost of $10.66 per share, with a total value of $53,300.00. Following the purchase, the director now owns 66,668 shares in the company, valued at $710,680.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Barclay F. Corbus acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was purchased at an average cost of $10.66 per share, for a total transaction of $53,300.00. Following the transaction, the director now directly owns 66,668 shares of the company’s stock, valued at approximately $710,680.88. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Joseph J. Tabacco, Jr. bought 12,400 shares of Beyond stock in a transaction that occurred on Wednesday, May 8th. The stock was bought at an average cost of $16.01 per share, for a total transaction of $198,524.00. Following the purchase, the director now owns 97,458 shares in the company, valued at approximately $1,560,302.58. The disclosure for this purchase can be found here. Insiders bought 45,095 shares of company stock valued at $649,537 in the last 90 days. 1.20% of the stock is currently owned by insiders.

Institutional Trading of Beyond

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BYON. Rhumbline Advisers purchased a new position in Beyond in the 2nd quarter valued at about $1,001,000. Game Plan Financial Advisors LLC acquired a new position in shares of Beyond in the second quarter valued at approximately $670,000. Aptus Capital Advisors LLC purchased a new position in shares of Beyond during the second quarter valued at approximately $1,581,000. Commonwealth Equity Services LLC acquired a new stake in Beyond during the second quarter worth approximately $829,000. Finally, Fortis Group Advisors LLC purchased a new stake in Beyond in the 2nd quarter worth approximately $157,000. Hedge funds and other 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.