Beyond, Inc. (NYSE:BYON) Receives $32.83 Consensus Price Target from Brokerages

Shares of Beyond, Inc. (NYSE:BYONGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $32.83.

A number of analysts have issued reports on the stock. Barclays reduced their price target on shares of Beyond from $30.00 to $22.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 8th. Piper Sandler decreased their target price on Beyond from $26.00 to $17.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Needham & Company LLC cut Beyond from a “buy” rating to a “hold” rating in a report on Wednesday, May 8th. Maxim Group reduced their price objective on Beyond from $50.00 to $36.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. Finally, Wedbush reiterated an “outperform” rating and set a $37.00 target price on shares of Beyond in a research report on Tuesday.

Read Our Latest Stock Report on BYON

Beyond Price Performance

Shares of BYON stock opened at $19.80 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.19 and a current ratio of 1.24. The company has a market cap of $905.61 million, a P/E ratio of -2.42 and a beta of 3.92. Beyond has a 1 year low of $13.71 and a 1 year high of $39.27. The company’s fifty day simple moving average is $28.13.

Beyond (NYSE:BYONGet Free Report) last announced its quarterly earnings data on Monday, May 6th. The company reported ($1.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.30). Beyond had a negative net margin of 23.67% and a negative return on equity of 32.05%. The company had revenue of $382.28 million for the quarter, compared to the consensus estimate of $389.36 million. During the same quarter last year, the firm posted ($0.10) earnings per share. The company’s revenue was up .3% compared to the same quarter last year. Equities research analysts expect that Beyond will post -2.79 EPS for the current year.

Insiders Place Their Bets

In related news, Director Joseph J. Tabacco, Jr. bought 12,400 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was bought at an average cost of $16.01 per share, for a total transaction of $198,524.00. Following the purchase, the director now directly owns 97,458 shares of the company’s stock, valued at $1,560,302.58. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Institutional Trading of Beyond

Several large investors have recently made changes to their positions in the business. CANADA LIFE ASSURANCE Co purchased a new position in Beyond during the first quarter valued at approximately $157,000. American International Group Inc. purchased a new stake in shares of Beyond during the 1st quarter worth about $799,000. Shell Asset Management Co. purchased a new stake in shares of Beyond during the 1st quarter worth about $2,271,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Beyond in the 1st quarter valued at about $8,956,000. 76.30% of the stock is owned by hedge funds and other institutional investors.

About Beyond

(Get Free Report

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.

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Analyst Recommendations for Beyond (NYSE:BYON)

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