Beyond (BYON) – Investment Analysts’ Weekly Ratings Changes

Several analysts have recently updated their ratings and price targets for Beyond (NYSE: BYON):

• 5/14/2024 – Beyond had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $37.00 price target on the stock.
• 5/8/2024 – Beyond had its price target lowered by analysts at Wedbush from $43.00 to $37.00. They now have an “outperform” rating on the stock.
• 5/8/2024 – Beyond had its price target lowered by analysts at Piper Sandler from $26.00 to $17.00. They now have a “neutral” rating on the stock.
• 5/8/2024 – Beyond was downgraded by analysts at Needham & Company LLC from a “buy” rating to a “hold” rating.
• 5/8/2024 – Beyond had its price target lowered by analysts at Barclays PLC from $30.00 to $22.00. They now have an “equal weight” rating on the stock.
• 5/8/2024 – Beyond had its price target lowered by analysts at Maxim Group from $50.00 to $36.00. They now have a “buy” rating on the stock.
• 4/30/2024 – Beyond had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $43.00 price target on the stock.
• 4/19/2024 – Beyond had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $43.00 price target on the stock.
• 4/18/2024 – Beyond had its price target lowered by analysts at Piper Sandler from $27.00 to $26.00. They now have a “neutral” rating on the stock.
• 4/17/2024 – Beyond is now covered by analysts at Maxim Group. They set a “buy” rating and a $50.00 price target on the stock.
• 4/12/2024 – Beyond had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $40.00 price target on the stock.

Beyond Stock Down 3.1 %

NYSE:BYON traded down $0.59 during mid-day trading on Thursday, hitting $18.71. 1,266,541 shares of the stock traded hands, compared to its average volume of 1,632,990. The company has a quick ratio of 1.19, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. Beyond, Inc. has a 52 week low of $13.71 and a 52 week high of $39.27. The stock has a market cap of $855.80 million, a PE ratio of -2.30 and a beta of 3.92. The stock has a 50 day moving average price of $27.52.

Beyond (NYSE:BYON) last released its 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). The business had revenue of $382.28 million for the quarter, compared to the consensus estimate of $389.36 million. Beyond had a negative net margin of 23.67% and a negative return on equity of 32.05%. The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.10) EPS. As a group, research analysts predict that Beyond, Inc. will post -2.97 EPS for the current year.

Insider Transactions at Beyond

In related news, Director Joseph J. Tabacco, Jr. bought 12,400 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were acquired at an average price of $16.01 per share, with a total value of $198,524.00. Following the transaction, the director now owns 97,458 shares of the company’s stock, valued at $1,560,302.58. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Beyond

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Beyond during the 1st quarter valued at about $8,956,000. Shell Asset Management Co. acquired a new stake in shares of Beyond during the first quarter worth about $2,271,000. American International Group Inc. purchased a new stake in Beyond in the first quarter valued at approximately $799,000. Price T Rowe Associates Inc. MD acquired a new position in Beyond in the 1st quarter worth approximately $795,000. Finally, Janus Henderson Group PLC purchased a new position in Beyond during the 1st quarter worth approximately $702,000. 76.30% of the stock is currently owned by hedge funds and other institutional investors.

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.