Piper Sandler Lowers Beyond (NYSE:BYON) Price Target to $8.00

Beyond (NYSE:BYON) had its price objective lowered by research analysts at Piper Sandler from $14.00 to $8.00 in a research report issued on Friday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s target price would suggest a potential upside of 25.59% from the company’s current price.

Other analysts have also issued research reports about the company. Jefferies Financial Group lowered their target price on Beyond from $14.00 to $11.00 and set a “hold” rating on the stock in a report on Monday, September 23rd. Wedbush lowered their price objective on shares of Beyond from $25.00 to $15.00 and set an “outperform” rating on the stock in a research note on Friday. Barclays cut 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 note on Friday, July 26th. Maxim Group decreased their price target on shares of Beyond from $33.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Bank of America lowered shares of Beyond from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $12.50 to $6.00 in a research report on Friday. 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $17.50.

Beyond Trading Down 4.8 %

NYSE:BYON opened at $6.37 on Friday. The company’s 50 day moving average is $10.14 and its 200-day moving average is $13.77. The company has a quick ratio of 1.08, a current ratio of 1.14 and a debt-to-equity ratio of 0.14. Beyond has a 12 month low of $6.06 and a 12 month high of $37.10. The firm has a market cap of $291.43 million, a price-to-earnings ratio of -0.86 and a beta of 3.65.

Beyond (NYSE:BYON) last announced its earnings results on Monday, July 29th. The company reported ($0.76) EPS 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 firm had revenue of $398.10 million for the quarter, compared to the consensus estimate of $381.74 million. During the same quarter last year, the firm posted ($0.02) EPS. The business’s quarterly revenue was down 5.7% on a year-over-year basis. Equities analysts anticipate that Beyond will post -3.55 EPS for the current year.

Insider Buying and Selling

In other Beyond news, Director William Benjamin Nettles, Jr. sold 10,412 shares of Beyond stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $9.35, for a total transaction of $97,352.20. Following the sale, the director now directly owns 11,368 shares of the company’s stock, valued at approximately $106,290.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director William Benjamin Nettles, Jr. sold 10,412 shares of the business’s 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 owns 11,368 shares in the company, valued at approximately $106,290.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Barclay F. Corbus bought 5,000 shares of the stock in a transaction dated Thursday, August 1st. The stock was purchased at an average cost of $10.66 per share, for a total transaction of $53,300.00. Following the acquisition, the director now owns 66,668 shares in the company, valued at $710,680.88. The trade was 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

A number of institutional investors have recently modified their holdings of BYON. Ashton Thomas Private Wealth LLC acquired a new stake in Beyond during the 2nd quarter valued at $44,000. CWM LLC acquired a new stake in shares of Beyond in the second quarter valued at $46,000. Hollencrest Capital Management bought a new position in shares of Beyond in the second quarter valued at about $46,000. Sunbelt Securities Inc. acquired a new position in Beyond during the 2nd quarter worth about $47,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Beyond during the 1st quarter worth about $66,000. 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.