Beyond, Inc. (NYSE:BYON) Given Consensus Rating of “Hold” by Brokerages

Beyond, Inc. (NYSE:BYON) has earned an average recommendation of “Hold” from the seven analysts that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $27.29.

BYON has been the topic of a number of recent research reports. Piper Sandler decreased their target price on Beyond from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Barclays dropped their price target on Beyond from $22.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Bank of America decreased their target price on shares of Beyond from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. Finally, Wedbush cut their price target on shares of Beyond from $37.00 to $25.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st.

Beyond Stock Performance

NYSE:BYON opened at $10.87 on Friday. The company has a 50-day moving average of $11.30 and a 200-day moving average of $18.32. The firm has a market cap of $497.30 million, a price-to-earnings ratio of -1.33 and a beta of 3.65. The company has a current ratio of 1.14, a quick ratio of 1.08 and a debt-to-equity ratio of 0.14. Beyond has a twelve month low of $9.05 and a twelve month high of $37.10.

Beyond (NYSE:BYON) last issued 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 firm had revenue of $398.10 million during the quarter, compared to analysts’ expectations of $381.74 million. Beyond had a negative net margin of 22.03% and a negative return on equity of 49.00%. The firm’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.02) earnings per share. Analysts forecast that Beyond will post -3.54 earnings per share for the current fiscal year.

Insider Activity

In other Beyond news, Director William Benjamin Nettles, Jr. sold 10,412 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $9.35, for a total value of $97,352.20. Following the completion of the sale, the director now owns 11,368 shares in the company, valued at approximately $106,290.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Barclay F. Corbus purchased 5,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was acquired at an average price 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 approximately $710,680.88. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William Benjamin Nettles, Jr. sold 10,412 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $9.35, for a total value of $97,352.20. Following the completion of the transaction, the director now owns 11,368 shares in the company, valued at approximately $106,290.80. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Institutional Trading of Beyond

Several large investors have recently added to or reduced their stakes in BYON. Public Employees Retirement System of Ohio bought a new position in shares of Beyond during the 1st quarter valued at $66,000. DekaBank Deutsche Girozentrale bought a new stake in Beyond in the first quarter worth $71,000. Lazard Asset Management LLC acquired a new position in Beyond during the first quarter worth $70,000. Ashton Thomas Private Wealth LLC bought a new position in Beyond during the second quarter valued at about $44,000. Finally, Hollencrest Capital Management acquired a new stake in shares of Beyond in the second quarter worth about $46,000. 76.30% of the stock is owned by institutional investors.

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.