Beyond (NYSE:BYON) Shares Down 4.8%

Beyond, Inc. (NYSE:BYONGet Free Report)’s share price dropped 4.8% on Wednesday . The company traded as low as $18.85 and last traded at $18.86. Approximately 649,252 shares were traded during trading, a decline of 60% from the average daily volume of 1,625,412 shares. The stock had previously closed at $19.81.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Needham & Company LLC lowered Beyond from a “buy” rating to a “hold” rating in a research report on Wednesday, May 8th. Piper Sandler decreased their target price on shares of Beyond from $26.00 to $17.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. Wedbush reaffirmed an “outperform” rating and issued a $37.00 price target on shares of Beyond in a report on Tuesday. Barclays decreased their price objective on Beyond from $30.00 to $22.00 and set an “equal weight” rating for the company in a report on Wednesday, May 8th. Finally, Compass Point assumed coverage on Beyond in a research note on Thursday, February 1st. They set a “buy” rating and a $45.00 target price on the stock. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $32.83.

View Our Latest Report on BYON

Beyond Stock Down 2.6 %

The company has a market cap of $882.78 million, a price-to-earnings ratio of -2.34 and a beta of 3.92. The company has a quick ratio of 1.19, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. The company has a 50 day simple moving average of $27.84.

Beyond (NYSE:BYONGet Free Report) last issued its quarterly earnings results on Monday, May 6th. The company reported ($1.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.30). Beyond had a negative return on equity of 32.05% and a negative net margin of 23.67%. The firm had revenue of $382.28 million for the quarter, compared to analyst estimates of $389.36 million. During the same period in the prior year, the firm posted ($0.10) EPS. The business’s revenue was up .3% compared to the same quarter last year. As a group, analysts expect that Beyond, Inc. will post -2.97 earnings per share for the current year.

Insider Buying and Selling at Beyond

In other Beyond news, Director Joseph J. Tabacco, Jr. acquired 12,400 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were acquired at an average cost of $16.01 per share, with a total value of $198,524.00. Following the acquisition, 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 SEC, which is accessible through the SEC website. Company insiders own 1.20% of the company’s stock.

Institutional Trading of Beyond

A number of hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio acquired a new position in shares of Beyond in the first quarter worth about $66,000. Price T Rowe Associates Inc. MD acquired a new position in Beyond in the 1st quarter worth about $795,000. Lazard Asset Management LLC purchased a new position in Beyond during the first quarter worth approximately $70,000. Shell Asset Management Co. acquired a new stake in Beyond in the first quarter valued at approximately $2,271,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Beyond in the first quarter valued at approximately $8,956,000. Hedge funds and other institutional investors own 76.30% of the company’s stock.

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.

Further Reading

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