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

Beyond, Inc. (NYSE:BYON) has earned an average rating of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $30.36.

Several equities research analysts recently commented on BYON shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Beyond in a research report on Monday, May 20th. Wedbush reaffirmed an “outperform” rating and set a $37.00 price objective on shares of Beyond in a research report on Tuesday, May 14th. Piper Sandler dropped their price objective on Beyond from $26.00 to $17.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Bank of America dropped their price objective on Beyond from $19.00 to $15.50 and set a “neutral” rating on the stock in a research report on Tuesday, June 18th. Finally, Barclays dropped their price objective on Beyond from $30.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 8th.

Beyond Trading Down 2.9 %

NYSE BYON opened at $12.50 on Monday. Beyond has a 12 month low of $12.18 and a 12 month high of $39.27. The stock has a market cap of $571.88 million, a P/E ratio of -1.53 and a beta of 3.71. The stock’s fifty day moving average price is $16.34 and its 200-day moving average price is $23.91. The company has a current ratio of 1.24, a quick ratio of 1.19 and a debt-to-equity ratio of 0.12.

Beyond (NYSE:BYON) last released its earnings results on Monday, May 6th. The company reported ($1.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.30). Beyond had a negative return on equity of 32.05% and a negative net margin of 23.67%. The company had revenue of $382.28 million during the quarter, compared to analysts’ expectations of $389.36 million. During the same period in the prior year, the company posted ($0.10) earnings per share. The company’s revenue was up .3% on a year-over-year basis. As a group, equities analysts forecast that Beyond will post -3.1 EPS for the current fiscal year.

Insider Buying and Selling at Beyond

In other news, Director Joseph J. Tabacco, Jr. bought 12,400 shares of the stock in a transaction on Wednesday, May 8th. The shares were bought at an average price of $16.01 per share, with a total value of $198,524.00. Following the completion of the acquisition, the director now owns 97,458 shares in the company, valued at $1,560,302.58. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Joseph J. Tabacco, Jr. acquired 12,400 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were purchased 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 $1,560,302.58. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Marcus Lemonis acquired 6,920 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was bought at an average cost of $14.13 per share, for a total transaction of $97,779.60. Following the purchase, the chairman now directly owns 193,893 shares of the company’s stock, valued at $2,739,708.09. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 40,095 shares of company stock valued at $596,237. 1.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BYON. American International Group Inc. bought a new position in shares of Beyond in the first quarter worth about $799,000. CANADA LIFE ASSURANCE Co bought a new stake in Beyond during the 1st quarter valued at approximately $157,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Beyond during the 1st quarter valued at approximately $8,956,000. Shell Asset Management Co. bought a new stake in Beyond during the 1st quarter valued at approximately $2,271,000. Finally, Lazard Asset Management LLC bought a new stake in Beyond during the 1st quarter valued at approximately $70,000. 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.