Beyond (NYSE:BYON) PT Lowered to $26.00

Beyond (NYSE:BYON) had its price target reduced by Maxim Group from $33.00 to $26.00 in a research note published on Friday, Marketbeat Ratings reports. They currently have a buy rating on the stock.

BYON has been the topic of several other research reports. Barclays reduced their price target on shares of Beyond from $22.00 to $16.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. Bank of America lowered shares of Beyond from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $12.50 to $6.00 in a research report on Friday. Needham & Company LLC reaffirmed a “buy” rating and set a $13.00 price target on shares of Beyond in a research report on Wednesday, October 23rd. Wedbush dropped their price target on shares of Beyond from $37.00 to $25.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Finally, Jefferies Financial Group dropped their price target on shares of Beyond from $14.00 to $11.00 and set a “hold” rating for the company in a research report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $17.50.

Beyond Trading Up 9.7 %

NYSE BYON opened at $6.99 on Friday. The firm has a market cap of $319.79 million, a PE ratio of -0.86 and a beta of 3.65. The firm’s fifty day moving average is $10.07 and its two-hundred day moving average is $13.53. 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 has a one year low of $6.06 and a one year high of $37.10.

Beyond (NYSE:BYON) last released its quarterly earnings data on Monday, July 29th. The company reported ($0.76) EPS for the quarter, topping analysts’ consensus estimates of ($0.89) by $0.13. The firm had revenue of $398.10 million for the quarter, compared to the consensus estimate of $381.74 million. Beyond had a negative net margin of 22.82% and a negative return on equity of 63.36%. The firm’s revenue was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.02) earnings per share. Analysts expect that Beyond will post -3.55 earnings per share for the current year.

Insider Transactions at Beyond

In other Beyond news, Chairman Marcus Lemonis acquired 156,985 shares of the company’s stock in a transaction dated Sunday, October 27th. The stock was bought at an average price of $6.37 per share, with a total value of $999,994.45. Following the completion of the transaction, the chairman now directly owns 365,530 shares of the company’s stock, valued at approximately $2,328,426.10. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Chairman Marcus Lemonis bought 156,985 shares of the firm’s stock in a transaction dated Sunday, October 27th. The stock was acquired at an average cost of $6.37 per share, for a total transaction of $999,994.45. Following the completion of the purchase, the chairman now owns 365,530 shares of the company’s stock, valued at $2,328,426.10. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Barclay F. Corbus bought 5,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was purchased at an average price of $10.66 per share, with a total value of $53,300.00. Following the completion of the purchase, the director now directly owns 66,668 shares of the company’s stock, valued at approximately $710,680.88. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. SRN Advisors LLC boosted its stake in shares of Beyond by 2.4% in the first quarter. SRN Advisors LLC now owns 44,631 shares of the company’s stock valued at $1,603,000 after purchasing an additional 1,061 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Beyond by 8.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,818 shares of the company’s stock valued at $233,000 after acquiring an additional 1,348 shares during the last quarter. Fortis Group Advisors LLC boosted its stake in Beyond by 14.4% during the 3rd quarter. Fortis Group Advisors LLC now owns 13,689 shares of the company’s stock valued at $138,000 after acquiring an additional 1,724 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Beyond during the 1st quarter valued at $66,000. Finally, DekaBank Deutsche Girozentrale bought a new position in Beyond during the 1st quarter valued at $71,000. 76.30% of the stock is currently owned by hedge funds and other 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.