Beyond, Inc. (NYSE:BYON) Receives $16.50 Consensus Target Price from Analysts

Beyond, Inc. (NYSE:BYON) has earned an average recommendation of “Hold” from the nine analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $16.50.

A number of research firms recently weighed in on BYON. Jefferies Financial Group lowered their price target on Beyond from $14.00 to $11.00 and set a “hold” rating on the stock in a report on Monday, September 23rd. Needham & Company LLC reissued a “buy” rating and issued a $13.00 target price on shares of Beyond in a report on Wednesday, October 23rd. Barclays cut their price target on Beyond from $14.00 to $8.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 29th. Piper Sandler lowered their price objective on shares of Beyond from $14.00 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Finally, Argus downgraded shares of Beyond from a “hold” rating to a “sell” rating in a report on Wednesday, December 18th.

Insider Buying and Selling at Beyond

In other Beyond news, Chairman Marcus Lemonis acquired 156,985 shares of the firm’s stock in a transaction dated Sunday, October 27th. The shares were acquired at an average price of $6.37 per share, for a total transaction of $999,994.45. Following the completion of the acquisition, the chairman now directly owns 365,530 shares of the company’s stock, valued at $2,328,426.10. This trade 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 at the SEC website. 1.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Beyond

Large investors have recently added to or reduced their stakes in the business. Royce & Associates LP increased its stake in shares of Beyond by 57.8% during the 3rd quarter. Royce & Associates LP now owns 845,977 shares of the company’s stock valued at $8,527,000 after acquiring an additional 309,810 shares during the last quarter. Rhumbline Advisers purchased a new stake in Beyond in the second quarter valued at approximately $1,001,000. ProShare Advisors LLC acquired a new position in Beyond during the second quarter worth approximately $3,800,000. Sanctuary Advisors LLC purchased a new position in Beyond during the second quarter worth approximately $650,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Beyond by 14.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 98,621 shares of the company’s stock valued at $994,000 after purchasing an additional 12,794 shares during the last quarter. 76.30% of the stock is currently owned by hedge funds and other institutional investors.

Beyond Trading Down 0.4 %

Shares of BYON opened at $4.84 on Monday. Beyond has a twelve month low of $4.76 and a twelve month high of $37.10. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $222.86 million, a P/E ratio of -0.65 and a beta of 3.70. The firm’s 50-day moving average is $6.50 and its two-hundred day moving average is $9.77.

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.