Beyond (NYSE:BYON) Price Target Lowered to $26.00 at Maxim Group

Beyond (NYSE:BYON) had its price objective decreased by Maxim Group from $33.00 to $26.00 in a research report report published on Friday, Marketbeat Ratings reports. Maxim Group currently has a buy rating on the stock.

Other analysts have also issued research reports about the company. Jefferies Financial Group cut their target price on Beyond from $14.00 to $11.00 and set a “hold” rating for the company in a research note on Monday, September 23rd. Barclays lowered their price objective on shares of Beyond from $22.00 to $16.00 and set an “equal weight” rating for the company in a report on Friday, July 26th. Piper Sandler decreased their target price on shares of Beyond from $17.00 to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. Needham & Company LLC restated a “buy” rating and set a $13.00 price target on shares of Beyond in a research report on Wednesday. Finally, Wedbush reduced their price objective on Beyond from $37.00 to $25.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $17.50.

Beyond Stock Performance

Beyond stock opened at $6.37 on Friday. Beyond has a fifty-two week low of $6.06 and a fifty-two week high of $37.10. The firm’s fifty day moving average price is $10.23 and its 200-day moving average price is $14.04. The stock has a market cap of $291.43 million, a P/E ratio of -0.86 and a beta of 3.65. 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 released its quarterly earnings results on Monday, July 29th. The company reported ($0.76) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.89) by $0.13. Beyond had a negative return on equity of 49.00% and a negative net margin of 22.03%. The business had revenue of $398.10 million for the quarter, compared to the consensus estimate of $381.74 million. During the same quarter last year, the business posted ($0.02) earnings per share. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. On average, equities research analysts expect that Beyond will post -3.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Beyond news, Director Barclay F. Corbus bought 5,000 shares of Beyond stock in a transaction dated 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 transaction, the director now directly owns 66,668 shares of the company’s stock, valued at $710,680.88. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director William Benjamin Nettles, Jr. sold 10,412 shares of Beyond stock in a transaction that occurred 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 transaction, the director now directly owns 11,368 shares in the company, valued at approximately $106,290.80. This trade represents 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 accessible through the SEC website. Also, Director Barclay F. Corbus purchased 5,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was bought at an average cost of $10.66 per share, for a total transaction of $53,300.00. Following the completion of the transaction, the director now owns 66,668 shares in the company, valued at approximately $710,680.88. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio purchased a new stake in shares of Beyond in the first quarter worth $66,000. DekaBank Deutsche Girozentrale bought a new position in Beyond in the 1st quarter worth about $71,000. Lazard Asset Management LLC purchased a new stake in Beyond during the 1st quarter valued at about $70,000. Ashton Thomas Private Wealth LLC bought a new stake in Beyond during the 2nd quarter valued at about $44,000. Finally, Hollencrest Capital Management purchased a new position in Beyond in the second quarter worth about $46,000. 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.