Beyond, Inc. (NYSE:BYON) Given Average Rating of “Hold” by Analysts

Beyond, Inc. (NYSE:BYON) has been assigned a consensus rating of “Hold” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $16.50.

BYON has been the subject of a number of research analyst reports. Bank of America downgraded shares of Beyond from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $12.50 to $6.00 in a report on Friday, October 25th. Jefferies Financial Group decreased their price target on shares of Beyond from $14.00 to $11.00 and set a “hold” rating for the company in a research note on Monday, September 23rd. Wedbush dropped their price objective on Beyond from $25.00 to $15.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Maxim Group decreased their target price on Beyond from $33.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Finally, Piper Sandler dropped their price target on Beyond from $14.00 to $8.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th.

Insider Activity

In other Beyond news, Chairman Marcus Lemonis acquired 156,985 shares of the company’s stock in a transaction that occurred on Sunday, October 27th. The stock was bought at an average price of $6.37 per share, with a total value of $999,994.45. Following the completion of the purchase, the chairman now owns 365,530 shares of the company’s stock, valued at approximately $2,328,426.10. This represents a 75.28 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.20% of the stock is owned by company insiders.

Institutional Trading of Beyond

A number of large investors have recently modified their holdings of the business. Royce & Associates LP increased its position in shares of Beyond by 57.8% in the third quarter. Royce & Associates LP now owns 845,977 shares of the company’s stock worth $8,527,000 after purchasing an additional 309,810 shares during the last quarter. Boston Partners purchased a new position in Beyond in the 1st quarter worth approximately $2,152,000. Rhumbline Advisers bought a new position in shares of Beyond in the 2nd quarter worth $1,001,000. ProShare Advisors LLC bought a new position in shares of Beyond in the 2nd quarter worth $3,800,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Beyond during the 2nd quarter valued at $650,000. Institutional investors own 76.30% of the company’s stock.

Beyond Trading Up 2.0 %

Shares of Beyond stock opened at $6.07 on Thursday. The firm has a market cap of $279.52 million, a PE ratio of -0.82 and a beta of 3.70. Beyond has a 1 year low of $5.57 and a 1 year high of $37.10. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.91. The stock has a fifty day moving average price of $8.20 and a 200-day moving average price of $11.26.

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.