Beyond (NYSE:BYON) PT Lowered to $15.00

Beyond (NYSE:BYON) had its price target trimmed by Bank of America from $15.50 to $15.00 in a research report sent to investors on Wednesday, Benzinga reports. The firm currently has a neutral rating on the stock.

Other equities analysts also recently issued reports about the company. Piper Sandler reduced their price target on Beyond from $26.00 to $17.00 and set a neutral rating on the stock in a research report on Wednesday, May 8th. Wedbush reaffirmed an outperform rating and set a $37.00 price target on shares of Beyond in a research report on Wednesday, July 24th. Barclays reduced their price target on Beyond from $22.00 to $16.00 and set an equal weight rating on the stock in a research report on Friday, July 26th. Needham & Company LLC reaffirmed a hold rating on shares of Beyond in a research report on Monday, May 20th. Finally, Maxim Group reduced their price target on Beyond from $50.00 to $36.00 and set a buy rating on the stock in a research report on Wednesday, May 8th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $27.29.

Beyond Stock Down 2.6 %

Beyond stock opened at $10.38 on Wednesday. The business has a fifty day moving average of $13.62 and a two-hundred day moving average of $21.82. The company has a quick ratio of 1.19, a current ratio of 1.14 and a debt-to-equity ratio of 0.14. The firm has a market cap of $474.89 million, a P/E ratio of -1.27 and a beta of 3.70. Beyond has a twelve month low of $9.91 and a twelve month high of $38.73.

Beyond (NYSE:BYON) last posted its earnings results on Monday, July 29th. The company reported ($0.76) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.89) by $0.13. The company 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 was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.02) earnings per share. On average, analysts forecast that Beyond will post -3.54 earnings per share for the current fiscal year.

Insider Activity

In other Beyond 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 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 $710,680.88. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Chairman Marcus Lemonis acquired 3,700 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were bought at an average cost of $13.64 per share, for a total transaction of $50,468.00. Following the acquisition, the chairman now owns 197,593 shares in the company, valued at approximately $2,695,168.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Barclay F. Corbus acquired 5,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was purchased at an average price of $10.66 per share, for a total transaction of $53,300.00. Following the completion of the acquisition, the director now owns 66,668 shares in the company, valued at approximately $710,680.88. The disclosure for this purchase can be found here. Insiders have acquired 45,095 shares of company stock worth $649,537 in the last ninety days. Company insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Beyond

Several institutional investors have recently bought and sold shares of BYON. Tidal Investments LLC acquired a new stake in Beyond in the 1st quarter worth about $33,599,000. Refined Wealth Management acquired a new stake in Beyond in the 2nd quarter worth about $4,201,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Beyond during the 1st quarter worth approximately $8,956,000. Bank of New York Mellon Corp acquired a new position in shares of Beyond during the 2nd quarter worth approximately $2,188,000. Finally, Lee Danner & Bass Inc. acquired a new position in shares of Beyond during the 2nd quarter worth approximately $1,693,000. 76.30% of the stock is currently owned by institutional investors and hedge funds.

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.