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

Beyond, Inc. (NYSE:BYON) has been given a consensus rating of “Hold” by the seven brokerages that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $27.29.

Several brokerages recently weighed in on BYON. Wedbush lowered their price objective on Beyond from $37.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Barclays lowered their price target on 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 reduced their price objective on Beyond from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. Finally, Bank of America lowered their target price on shares of Beyond from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st.

Beyond Stock Up 2.1 %

Shares of NYSE:BYON opened at $10.87 on Friday. The firm has a market cap of $497.30 million, a PE ratio of -1.33 and a beta of 3.65. The company has a fifty day simple moving average of $11.30 and a 200 day simple moving average of $18.32. 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 12-month low of $9.05 and a 12-month high of $37.10.

Beyond (NYSE:BYON) last released its earnings results on Monday, July 29th. The company reported ($0.76) earnings per share for the quarter, topping the consensus estimate of ($0.89) by $0.13. Beyond had a negative net margin of 22.03% and a negative return on equity of 49.00%. The company had revenue of $398.10 million during the quarter, compared to the consensus estimate of $381.74 million. During the same quarter in the previous year, the firm earned ($0.02) EPS. The company’s revenue was down 5.7% on a year-over-year basis. On average, equities research analysts anticipate that Beyond will post -3.54 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Barclay F. Corbus acquired 5,000 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $710,680.88. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Beyond news, Director Barclay F. Corbus acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was acquired at an average cost of $10.66 per share, with a total value of $53,300.00. Following the acquisition, the director now directly owns 66,668 shares of the company’s stock, valued at approximately $710,680.88. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William Benjamin Nettles, Jr. sold 10,412 shares of Beyond stock in a transaction 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 sale, the director now directly owns 11,368 shares in the company, valued at approximately $106,290.80. The disclosure for this sale can be found here. 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 the stock. Tidal Investments LLC acquired a new position in Beyond during the 1st quarter valued at about $33,599,000. Dimensional Fund Advisors LP acquired a new position in shares of Beyond during the second quarter valued at approximately $9,538,000. Refined Wealth Management acquired a new position in shares of Beyond during the second quarter valued at approximately $4,201,000. ProShare Advisors LLC bought a new stake in Beyond during the second quarter worth approximately $3,800,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Beyond in the first quarter worth approximately $8,956,000. Institutional investors and hedge funds 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.