Beyond (NYSE:BYON) PT Lowered to $26.00

Beyond (NYSE:BYON) had its target price decreased by equities researchers at Maxim Group from $33.00 to $26.00 in a report issued on Friday, MarketBeat reports. The brokerage presently has a “buy” rating on the stock. Maxim Group’s target price suggests a potential upside of 308.16% from the company’s previous close.

A number of other research analysts also recently weighed in on BYON. Wedbush decreased their price objective 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. Piper Sandler reduced their price target on shares of Beyond from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. Jefferies Financial Group reduced 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. Bank of America downgraded shares of Beyond from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $12.50 to $6.00 in a research report on Friday. Finally, Needham & Company LLC restated a “buy” rating and set a $13.00 price target on shares of Beyond in a research report on Wednesday. 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 stock. According to 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 has a market capitalization of $291.43 million, a PE ratio of -0.86 and a beta of 3.65. The company has a fifty day moving average of $10.14 and a 200 day moving average of $13.77. Beyond has a 1 year low of $6.06 and a 1 year high of $37.10. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.14 and a quick ratio of 1.08.

Beyond (NYSE:BYON) last posted its earnings results on Monday, July 29th. The company reported ($0.76) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.89) by $0.13. The company had revenue of $398.10 million during the quarter, compared to the consensus estimate of $381.74 million. Beyond had a negative net margin of 22.03% and a negative return on equity of 49.00%. The firm’s quarterly revenue was down 5.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.02) earnings per share. Research analysts forecast 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 company’s stock in a transaction that occurred on Thursday, August 1st. The stock was bought at an average price of $10.66 per share, with a total value of $53,300.00. Following the purchase, the director now owns 66,668 shares in the company, valued at approximately $710,680.88. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director William Benjamin Nettles, Jr. sold 10,412 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 11,368 shares of the company’s stock, valued at $106,290.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Barclay F. Corbus purchased 5,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was purchased at an average cost of $10.66 per share, with a total value of $53,300.00. Following the purchase, the director now owns 66,668 shares in the company, valued at approximately $710,680.88. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Beyond

Several large investors have recently made changes to their positions in the stock. Semanteon Capital Management LP lifted its holdings in shares of Beyond by 76.2% in the 3rd quarter. Semanteon Capital Management LP now owns 113,959 shares of the company’s stock worth $1,149,000 after acquiring an additional 49,300 shares during the last quarter. SRN Advisors LLC lifted its holdings in shares of Beyond by 48.6% in the 3rd quarter. SRN Advisors LLC now owns 121,001 shares of the company’s stock worth $1,220,000 after acquiring an additional 39,596 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Beyond in the 3rd quarter worth approximately $2,035,000. Fortis Group Advisors LLC lifted its holdings in shares of Beyond by 14.4% in the 3rd quarter. Fortis Group Advisors LLC now owns 13,689 shares of the company’s stock worth $138,000 after acquiring an additional 1,724 shares during the last quarter. Finally, Capstone Wealth Management Group LLC lifted its holdings in shares of Beyond by 28.5% in the 3rd quarter. Capstone Wealth Management Group LLC now owns 94,323 shares of the company’s stock worth $951,000 after acquiring an additional 20,923 shares during the last quarter. 76.30% of the stock is currently owned by institutional investors and hedge funds.

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.