Beyond (NYSE:BYON) Given New $8.00 Price Target at Piper Sandler

Beyond (NYSE:BYON) had its price target reduced by Piper Sandler from $14.00 to $8.00 in a research report report published on Friday, Benzinga reports. They currently have a neutral rating on the stock.

Other research analysts have also issued reports about the company. Bank of America lowered Beyond from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $12.50 to $6.00 in a research report on Friday. Barclays decreased their price target on Beyond from $22.00 to $16.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. Wedbush cut their target price on shares of Beyond from $25.00 to $15.00 and set an “outperform” rating on the stock in a research report on Friday. Needham & Company LLC reiterated a “buy” rating and set a $13.00 price target on shares of Beyond in a research report on Wednesday. Finally, Maxim Group cut their price objective on shares of Beyond from $33.00 to $26.00 and set a “buy” rating on the stock in a report on Friday. 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 company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.50.

Beyond Trading Down 4.8 %

BYON stock opened at $6.37 on Friday. The business has a fifty day moving average price of $10.23 and a 200 day moving average price of $14.04. 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 has a fifty-two week low of $6.06 and a fifty-two week high of $37.10. The stock has a market capitalization of $291.43 million, a price-to-earnings ratio of -0.86 and a beta of 3.65.

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

Insider Buying and Selling

In other Beyond news, Director William Benjamin Nettles, Jr. sold 10,412 shares of the company’s 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 approximately $106,290.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director William Benjamin Nettles, Jr. sold 10,412 shares of the 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 completion of the sale, the director now directly owns 11,368 shares of the company’s stock, valued at approximately $106,290.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Barclay F. Corbus acquired 5,000 shares of Beyond stock in a transaction dated Thursday, August 1st. The shares were purchased at an average cost of $10.66 per share, with a total value of $53,300.00. Following the completion of the transaction, the director now directly owns 66,668 shares of the company’s stock, valued at $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 insiders.

Hedge Funds Weigh In On Beyond

Hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio bought a new stake in shares of Beyond in the first quarter worth $66,000. DekaBank Deutsche Girozentrale acquired a new stake in Beyond in the 1st quarter valued at $71,000. Lazard Asset Management LLC bought a new stake in Beyond during the 1st quarter worth about $70,000. Ashton Thomas Private Wealth LLC bought a new stake in Beyond during the 2nd quarter worth about $44,000. Finally, Hollencrest Capital Management acquired a new position in shares of Beyond during the 2nd quarter worth about $46,000. 76.30% of the stock is owned by institutional investors.

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.