Beyond (NYSE:BYON) Price Target Lowered to $26.00 at Maxim Group

Beyond (NYSE:BYON) had its target price lowered by research analysts at Maxim Group from $33.00 to $26.00 in a research note issued on Friday, Briefing.com reports. The firm presently has a “buy” rating on the stock. Maxim Group’s price target points to a potential upside of 288.64% from the company’s previous close.

A number of other research analysts have also issued reports on the company. Needham & Company LLC reiterated a “buy” rating and set a $13.00 price target on shares of Beyond in a research report on Wednesday. Barclays decreased their target price on shares of Beyond from $22.00 to $16.00 and set an “equal weight” rating for the company in a research report on Friday, July 26th. Wedbush decreased their price target on Beyond from $37.00 to $25.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Bank of America lowered shares of Beyond from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $12.50 to $6.00 in a research note on Friday. Finally, Jefferies Financial Group dropped their target price on shares of Beyond from $14.00 to $11.00 and set a “hold” rating on the stock in a research report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $19.50.

Beyond Price Performance

BYON opened at $6.69 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.14 and a debt-to-equity ratio of 0.14. The company’s 50-day moving average price is $10.30 and its 200 day moving average price is $14.09. Beyond has a fifty-two week low of $6.30 and a fifty-two week high of $37.10. The firm has a market cap of $306.07 million, a price-to-earnings ratio of -0.90 and a beta of 3.65.

Beyond (NYSE:BYON) last released its quarterly earnings data on Thursday, October 24th. The company reported ($0.96) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.84) by ($0.12). The company had revenue of $311.43 million for the quarter, compared to analyst estimates of $351.50 million. Beyond had a negative net margin of 22.03% and a negative return on equity of 49.00%. As a group, sell-side analysts expect that Beyond will post -3.55 earnings per share for the current year.

Insider Activity at Beyond

In other Beyond 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 price of $10.66 per share, with a total value of $53,300.00. Following the completion of the transaction, the director now owns 66,668 shares in the company, valued at $710,680.88. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Beyond news, Director Barclay F. Corbus bought 5,000 shares of the stock in a transaction on Thursday, August 1st. The shares were purchased at an average cost of $10.66 per share, with a total value of $53,300.00. Following the completion of the transaction, the director now directly owns 66,668 shares of the company’s stock, valued at $710,680.88. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William Benjamin Nettles, Jr. sold 10,412 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 11,368 shares of the company’s stock, valued at $106,290.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Beyond

A number of large investors have recently added to or reduced their stakes in BYON. Boston Partners acquired a new stake in shares of Beyond in the first quarter worth $2,152,000. Rhumbline Advisers bought a new stake in Beyond during the second quarter valued at about $1,001,000. ProShare Advisors LLC acquired a new stake in shares of Beyond in the second quarter valued at about $3,800,000. Sanctuary Advisors LLC bought a new position in shares of Beyond in the second quarter worth about $650,000. Finally, Price T Rowe Associates Inc. MD acquired a new position in shares of Beyond during the 1st quarter worth about $795,000. Institutional investors own 76.30% of the company’s stock.

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.