Analysts Set Beyond, Inc. (NYSE:BYON) Target Price at $30.36

Shares of Beyond, Inc. (NYSE:BYON) have received an average rating of “Hold” from the seven ratings firms that are presently covering the firm, 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 12-month target price among brokerages that have updated their coverage on the stock in the last year is $29.50.

A number of brokerages have issued reports on BYON. Maxim Group cut their price target on shares of Beyond from $50.00 to $36.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. Barclays cut their price target on shares of Beyond from $22.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Wedbush reiterated an “outperform” rating and set a $37.00 price target on shares of Beyond in a research note on Wednesday, July 24th. Bank of America cut their price target on shares of Beyond from $19.00 to $15.50 and set a “neutral” rating on the stock in a research note on Tuesday, June 18th. Finally, Needham & Company LLC restated a “hold” rating on shares of Beyond in a research note on Monday, May 20th.

Beyond Stock Down 9.9 %

Shares of BYON opened at $12.25 on Friday. The firm has a market cap of $560.44 million, a P/E ratio of -1.50 and a beta of 3.71. Beyond has a 12-month low of $11.95 and a 12-month high of $39.27. The company’s 50-day moving average price is $13.93 and its 200 day moving average price is $22.08. 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 issued its quarterly earnings data on Monday, July 29th. The company reported ($0.76) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.89) by $0.13. The firm had revenue of $398.10 million for the quarter, compared to analyst estimates of $381.74 million. Beyond had a negative net margin of 23.67% and a negative return on equity of 32.05%. Beyond’s revenue was down 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.02) EPS. On average, sell-side analysts forecast that Beyond will post -3.3 earnings per share for the current year.

Insider Buying and Selling

In other Beyond news, Chairman Marcus Lemonis purchased 3,700 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was purchased at an average cost of $13.64 per share, with a total value of $50,468.00. Following the completion of the acquisition, the chairman now directly owns 197,593 shares of the company’s stock, valued at approximately $2,695,168.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Beyond news, Director Joseph J. Tabacco, Jr. purchased 12,400 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was purchased at an average cost of $16.01 per share, with a total value of $198,524.00. Following the completion of the acquisition, the director now directly owns 97,458 shares of the company’s stock, valued at approximately $1,560,302.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Marcus Lemonis purchased 3,700 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was acquired at an average cost of $13.64 per share, with a total value of $50,468.00. Following the completion of the acquisition, the chairman now directly owns 197,593 shares of the company’s stock, valued at $2,695,168.52. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 40,095 shares of company stock worth $596,237. Company insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Beyond

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC acquired a new stake in shares of Beyond in the second quarter valued at approximately $46,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Beyond in the first quarter valued at approximately $66,000. Lazard Asset Management LLC acquired a new stake in shares of Beyond in the first quarter valued at approximately $70,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Beyond in the first quarter valued at approximately $71,000. Finally, Tobam acquired a new stake in shares of Beyond in the second quarter valued at approximately $78,000. 76.30% of the stock is owned by institutional investors and hedge funds.

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.