Beyond's (BYON) Buy Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Beyond (NYSE:BYON - Free Report) in a research report sent to investors on Wednesday, Marketbeat Ratings reports. The firm currently has a $13.00 price target on the stock.

Other analysts have also issued reports about the company. Wedbush decreased their price target on Beyond from $37.00 to $25.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 31st. Piper Sandler decreased their target price on shares of Beyond from $17.00 to $14.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 31st. Jefferies Financial Group dropped 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. Barclays decreased their price target on shares of Beyond from $22.00 to $16.00 and set an "equal weight" rating on the stock in a report on Friday, July 26th. Finally, Bank of America dropped their price objective on Beyond from $15.50 to $15.00 and set a "neutral" rating for the company in a report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $21.88.

Beyond Trading Down 6.3 %

Shares of NYSE BYON traded down $0.64 during midday trading on Wednesday, reaching $9.52. 2,458,414 shares of the stock were exchanged, compared to its average volume of 1,822,279. The company has a current ratio of 1.14, a quick ratio of 1.08 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $435.54 million, a P/E ratio of -1.28 and a beta of 3.65. The stock has a 50 day moving average price of $10.30 and a 200-day moving average price of $14.09. Beyond has a 52-week low of $8.91 and a 52-week high of $37.10.

Beyond (NYSE:BYON - Get Free Report) last released its earnings results on Monday, July 29th. The company reported ($0.76) 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 firm had revenue of $398.10 million during the quarter, compared to analysts' expectations of $381.74 million. During the same period in the previous year, the company earned ($0.02) EPS. Beyond's revenue for the quarter was down 5.7% on a year-over-year basis. Equities research analysts expect that Beyond will post -3.55 earnings per share for the current fiscal year.

Insider Transactions at Beyond

In related news, Director Barclay F. Corbus bought 5,000 shares of the company's stock in a transaction that occurred on Thursday, August 1st. The shares were acquired at an average cost of $10.66 per share, for a total transaction of $53,300.00. Following the acquisition, the director now owns 66,668 shares in the company, valued at $710,680.88. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Barclay F. Corbus purchased 5,000 shares of the company's stock in a transaction that occurred on Thursday, August 1st. The shares were purchased at an average price of $10.66 per share, with a total value of $53,300.00. Following the purchase, the director now directly owns 66,668 shares of the company's stock, valued at approximately $710,680.88. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William Benjamin Nettles, Jr. sold 10,412 shares of the company's stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $9.35, for a total transaction of $97,352.20. Following the completion of the transaction, the director now directly owns 11,368 shares of the company's stock, valued at approximately $106,290.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.20% of the company's stock.

Institutional Trading of Beyond

A number of hedge funds have recently made changes to their positions in BYON. Tidal Investments LLC bought a new position in Beyond during the 1st quarter valued at $33,599,000. Dimensional Fund Advisors LP bought a new position in shares of Beyond during the second quarter worth about $9,538,000. Refined Wealth Management acquired a new position in Beyond in the second quarter worth about $4,201,000. ProShare Advisors LLC acquired a new stake in Beyond during the second quarter valued at approximately $3,800,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Beyond during the first quarter valued at approximately $8,956,000. Institutional investors and hedge funds own 76.30% of the company's stock.

Beyond Company Profile

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.